Company: FORL
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0001213900-25-080962
Chunk: 65

Company: Four Leaf Acquisition Corp
Filing Date: 2025-08-27
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 the exercise of the Private Placement Warrants and warrants that may be issued upon conversion
of the Working Capital Loans and Class A common stock issuable upon conversion of the Founder Shares, are entitled to registration rights
pursuant to a registration rights agreement to be signed at the effective date of the IPO, requiring us to register such securities for
resale (in the case of the Founder Shares, only after conversion of the Class A common stock). The holders of the majority of these securities
are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders
have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion
of the initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under the
Securities Act. The registration rights agreement does not contain liquidated damages or other cash settlement provisions resulting from
delays in registering securities.

Underwriting
Agreement

$1,897,350
in the aggregate (reflecting the partial exercise by the underwriter of its over-allotment option), will be payable to the underwriter
for deferred underwriting commissions. The deferred fee will become payable to the underwriter from the amounts held in the Trust Account
solely in the event that the Company completes an initial business combination, subject to the terms of the underwriting agreement.

Administrative
Support Agreement

On
March 22, 2023, the Company entered into the administrative support agreement under which it pays the Sponsor a total of $10,000
per month, up until the completion of the Company’s initial business combination or liquidation, for secretarial and administrative
services. The Company’s expenses related to the administrative support agreement were $30,000 and $60,000 for the three and six
months ended June 30, 2025, respectively. The Company’s expenses related to the administrative support agreement were $30,000
and $60,000 for the three and six months ended June 30, 2024, respectively. Upon completion of the initial business combination
or the Company’s liquidation, the Company will cease paying these monthly fees. As of June 30, 2025, $242,180 of amounts due
to the Sponsor under the Administrative Support Agreement remain unpaid, and are included in Due to Related Party on the unaudited condensed
balance sheets.

Critical
Accounting Policies and Estimates

The
preparation