Four Leaf (NASDAQ: FORLU) recently announced the closing of its initial public offering of 5,200,000 units, each at $10.00, including 221,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The units are listed on the Nasdaq and began trading under the ticker symbol FORLU on March 17, 2023. Each unit consists of one share of Class A common stock and one redeemable warrant, with each warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the Nasdaq under the symbols FORL and FORLW, respectively. EF Hutton, division of Benchmark Investments LLC, acted as the sole book running manager for the offering. Nixon Peabody LLP served as legal counsel to the company, and Offit Kurman P.A. served as counsel to EF Hutton.
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About Four Leaf Acquisition Corporation
The company is a newly incorporated blank check company incorporated as a Delaware exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company believes that there are many target companies that could become attractive public companies and will seek a target in the internet of things “IoT” market. The company is led by Angel Orrantia, chief executive officer, Coco Kou, chief financial officer, Robert de Neve, chief strategy officer, and Bala Padmakumar, chairman.
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