Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 140

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 140
---
mated during that time. Giving effect to the 2024 Charter Amendments
discussed above, the Company has until May 22, 2025 (or June 22, 2025 if the additional extension options are exercised by the Company),
to complete an initial business combination, subject to the Company making the required Trust Account deposits. If an initial business
combination is not consummated by May 22, 2025 (or June 22, 2025 if the additional extension options are exercised by the Company), there
will be a mandatory liquidation and subsequent dissolution of the Company. The Company may need to raise additional capital through loans
or additional investments from its Sponsor, stockholders, officers, directors, or third parties. The Company’s officers, directors
and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable
in their sole discretion, to meet the Company’s working capital needs and provide for the required monthly extension Trust Account
deposits. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital,
it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing
operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance
that new financing will be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about
our ability to continue as a going concern, assuming a business combination is not consummated. Our financial statements do not include
any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should
the Company be unable to continue as a going concern.

We believe that the proceeds raised in the IPO
and the funds potentially available from loans from the Sponsor or any of their affiliates will be sufficient to allow us to meet the
expenditures required for its activities until a business combination is complete. However, if the estimate of the costs of identifying
a target business, undertaking in-depth due diligence and negotiating an initial business combination are less than the actual amount
necessary to do so, we may have insufficient funds available to operate our business prior to the initial business combination. Moreover,
we may need to obtain additional financing either to complete the initial business combination or because we become obligated to redeem
a significant number of Public Shares upon completion of the initial business