Wed, Apr 30, 7:54 PM (12 days ago)
**Summary of Four Leaf Acquisition Corporation (FORLU)** **Financial Performance:** - **Revenue:** Not applicable as the company has not generated any revenue. - **Net Income:** $403,264 for the year ended December 31, 2024, primarily due to dividend and interest income earned in the Trust Account. - **Operating Expenses:** $1,363,048 for the year ended December 31, 2024, primarily due to formation and operating costs. **Earnings per Share:** Not applicable as the company has not generated any revenue. **Strategic Overview:** - **Business Model:** Four Leaf Acquisition Corporation is a blank check company incorporated in Delaware on March 3, 2022, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. - **Target Industry:** The company intends to focus on companies in the IoT space or adjacent spaces, with a particular emphasis on companies in Asia and North America. **Future Outlook:** - **Initial Business Combination:** The company has until May 22, 2025, to complete its initial business combination, subject to the company making the required Trust Account deposits. - **Market Position Changes:** The company's securities are listed on The Nasdaq Capital Market under the symbols "FORL" for Class A Common Stock and "FORLW" for Warrants. **Risk Factors:** - **Financial Condition:** The company has a working capital deficit of $3,334,790 as of December 31, 2024, excluding current liabilities associated with franchise and income taxes. - **Market Risks:** The company's ability to complete its initial business combination may be negatively impacted by general market conditions, volatility in the capital and debt markets, and the other risks described in the report. - **Operational Risks:** The company's success depends on the continued service of its executive officers and directors, at least until it has completed its initial business combination. **Financial Condition:** - **Liquidity:** The company has cash of $28,407 and a working capital deficit of $3,334,790 as of December 31, 2024, excluding current liabilities associated with franchise and income taxes. - **Capital Resources:** The company's liquidity needs have been and will continue to be satisfied through the net proceeds held outside of the Trust Account from the consummation of the IPO and the Private Placement, and the Working Capital Loans provided by the Sponsor.