Company: FORL
Filing Date: 2025-06-11
Form Type: PRE 14A
Source: 0001213900-25-053453
Chunk: 10

Company: Four Leaf Acquisition Corp
Filing Date: 2025-06-11
Form: PRE 14A
Chunk 10
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”), by and among Four Leaf, Xiaoyu Dida Interconnect International Limited, an exempted company incorporated in the Cayman Islands with limited liability (“Xiaoyu Dida”), Xiaoyu Dida Merger Sub, Inc., a Delaware corporation and a wholly -ownedsubsidiary of Xiaoyu Dida (“Merger Sub 1”), and Xiaoyu Dida (USA) Company, Inc., a Delaware corporation and a wholly -ownedsubsidiary of Xiaoyu Dida (“Merger Sub 2”). Upon the closing of the transactions contemplated by the Merger Agreement, (i) Merger Sub1, will be merged with and into Four Leaf (“Merger 1”), with Four Leaf being the surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida. Four Leaf, in its capacity as the surviving entity of Merger1, is referred to for the periods from and after Merger 1 as the “Merger 1 Surviving Corporation”); and (ii) immediately following the consummation of Merger1, the Merger 1 Surviving Corporation will be merged with and into Merger Sub 2 (“Merger 2” and, collectively with Merger1, the “Mergers”), with Merger Sub 2 being the surviving company and becoming a wholly -ownedsubsidiary of Xiaoyu Dida (Merger Sub2, in its capacity as the surviving entity of Merger2, is referred to for the periods from and after Merger 2 as the “Merger 2 Surviving Corporation”). The parties are actively seeking to close the business combination pursuant the Merger Agreement. Our Board currently believes that there will not be sufficient time before the Current Termination Date to complete an business combination. Accordingly, our Board believes that the Extension is necessary in order to be able to consummate an initial business combination. Therefore, our Board has determined that it is in the best interests of our stockholders to extend the date by which we must consummate an initial business combination to the Amended Termination Date in order to provide our stockholders with the opportunity to participate in an investment in a company with which we may combine. The Board also believes that it is advantageous for the Board to determine, in its sole discretion, whether to liquidate and dissolve the Company at a date that is earlier than the Amended Termination Date, which our stockholders would be enabling the Board to do by approving the Extension Amendment Proposal.