Tue, May 20, 10:08 AM (24 days ago)
**Four Leaf Acquisition Corporation (FORLU)** reported its financial health for the quarter ending March 31, 2025. Key points include: - **Revenue & Profit Margins**: No operating revenue was generated. The company reported a net loss of $59,229, primarily due to $314,815 in formation and operating costs, partially offset by $316,482 in dividend and interest income from the trust account. - **Cash Flow**: The company had $1,264 in cash outside the trust account, insufficient for 12 months of operations without a business combination. The trust account held $30,666,039 in marketable securities. - **Earnings Changes**: The net loss for Q1 2025 was $59,229, compared to a net income of $130,602 in Q1 2024. The decrease in net income was due to lower dividend and interest income and higher income tax expense. - **Quarterly Performance**: The company's activities were limited to searching for a prospective initial business combination and completing the business combination with Xiaoyu Dida. The company has until June 22, 2025, to complete an initial business combination. - **Trends & Uncertainties**: The company faces uncertainties related to economic volatility, inflation, interest rates, and geopolitical risks. The company's ability to complete a business combination and the value of its securities could be adversely affected by these factors. - **Future Operations**: The company plans to use the funds in the trust account to complete its initial business combination. If the company does not complete a business combination by June 22, 2025, it will undergo liquidation and dissolution. The company may need to raise additional capital to meet its obligations.