Company: FORL
Filing Date: 2025-04-30
Form Type: 10-K
Source: 0001213900-25-037576
Chunk: 1

Company: Four Leaf Acquisition Corp
Filing Date: 2025-04-30
Form: 10-K
Item: Item 1
Chunk 1
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 underwriter’s
over-allotment option on March 17, 2023) of approximately $4.0 million, consisting of approximately $0.8 million of underwriting commissions,
approximately $1.9 million of deferred underwriting commissions that will be paid solely in the event that we complete a business combination,
approximately $0.3 million representing the fair value of the 54,210 shares of Class A common stock for issued to the underwriter of the
Initial Public Offering (the “Representative Shares”), and approximately $1.0 million of other offering costs.

Concurrent with the consummation of the Initial Public Offering, on
March 16, 2023, our Sponsor forfeited an aggregate of 373,750 Founder Shares for no consideration, resulting in our Sponsor and directors
holding an aggregate of 1,495,000 Founder Shares, of which up to 195,000 was subject to forfeiture to the extent the over-allotment option
was not exercised in full by the underwriter prior to its expiration date on April 30, 2023. On March 17, 2023, the underwriters partially
exercised their over-allotment option and purchased 221,000 additional Units. Upon the partial exercise their over-allotment option by
the underwriters, the forfeiture lapsed for 55,250 Founder Shares. Following the expiration of the underwriters’ remaining over-allotment
option on April 30, 2023, the remaining 139,750 Founder Shares were forfeited, resulting in our Sponsor and directors holding an aggregate
of 1,355,250 Founder Shares.

Simultaneously with the closing of the Initial Public Offering, we
consummated the private placement (“Private Placement”) of 3,576,900 warrants (each, a “Private Placement Warrant”
and collectively, the “Private Placement Warrants”), which were purchased by our Sponsor, at a price of $1.00 per Private
Placement Warrant, generating gross proceeds to us of approximately $3.58 million. Upon the closing of the Initial Public Offering and
the Private Placement (including the additional Units sold in connection with the partial exercise of the underwriter’s over-allotment
option), $55,836,300 ($10.30 per Unit) of the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement
were placed into the trust account (the “Trust Account”). The funds in the