Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1083

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 5
Chunk 1083
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 earlier of: (A) one year after the completion of our
initial business combination; or (B) subsequent to our initial business combination, (x) if the last sale price of our Class A common
stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like)
for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the
date on which we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all
of our stockholders having the right to exchange their shares of common stock for cash, securities or other property. With certain limited
exceptions, the Private Placement Warrants and the Class A common stock underlying such warrants, will not be transferable, assignable
or saleable by our Sponsor or its permitted transferees until 30 days after the completion of our initial business combination. Since
our Sponsor and officers and directors may directly or indirectly own common stock and warrants, our officers and directors may have a
conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial
business combination.

86

●Our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention
or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our
initial business combination.

●Our Sponsor, officers or directors may have a conflict of interest with respect to evaluating a business combination and financing
arrangements as we may obtain loans from our Sponsor or an affiliate of our Sponsor or any of our officers or directors to finance transaction
costs in connection with an intended initial business combination. Up to $2,000,000 of such loans may be converted into warrants, at a
price of $1.00 per warrants at the option of the lender, upon consummation of our initial business combination.

The conflicts described above may not be resolved in our favor.

In general, officers and directors of a corporation incorporated under
the laws of the State of Delaware are required to present business opportunities to a corporation if:

●the corporation could financially undertake the opportunity;

●the opportunity is within the corporation’s line of business; and

●it would not be fair to our company and its stockholders for the opportunity not to be brought to the attention of the corporation