Four Leaf Acquisition Corporation (FORL) Prices Downsized $52M IPO
by Marlena Haddad on 2023-03-16 at 5:09pm

Four Leaf Acquisition Corp. priced its downsized $52 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FORL” Friday, March 17, 2023.

The SPAC intends to pursue an acquisition of a company focused on the Internet of Things (“IoT”) and adjacent technologies that target the IoT market such as devices, components, software, and communication protocols. Four Leaf is led by Founder & CEO Angel Orrantia, CFO Coco Kou, Chief Strategy Officer Robert de Neve, and Chairman Bala Padmakumar.

Total SPAC deal count for 2023 year-to-date is now 8. This offering is expected to close on Tuesday, March 21.


EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), is acting as the sole book running manager for the offering.  Nixon Peabody LLP is serving as Issuer’s Counsel with Offit Kurman, P.A. serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2024-05-16 at 8:24am

At the SPAC of Dawn Chinese auto conglomerate Geely (HK:0175) has occupied a not insignificant portion of recent SPAC dealflow as it has turned to the vehicles to spin off a series of subsidiaries. But, this week, it veered back to the traditional IPO path. The early returns on its move to bring EV brand...

by Nicholas Alan Clayton on 2024-05-15 at 4:17pm

Global Technology I (NASDAQ:GTAC) has entered into a definitive agreement to combine with art marketplace Tyfon at an enterprise value of $434 million, or 12.7x its $34 million 2023 EBITDA. Suzhou, China-based Tyfon operates as a dealer of Chinese contemporary art, selling pieces online and through traditional exhibition methods. The combined company is expected to...

by Nicholas Alan Clayton on 2024-05-15 at 11:56am

Hudson I (NASDAQ:HUDA) has signed a letter agreement to combine with EV maker Aiways Europe at an equity value of $400 million. Aiways is headquartered in Shanghai and focused on developing a line of EV SUVs for the European and Asian markets. The combined company is expected to trade on the Nasdaq once the deal...

by Nicholas Alan Clayton on 2024-05-15 at 8:00am

At the SPAC of Dawn SPACs are showing a continued resurgence in activity this morning as two new business combinations have been announced since the market close yesterday. The return of meme trader Roaring Kitty appears to have also injected fresh adrenaline into the retail market. Alongside pops with the usual meme stocks, shareholders in...

by Nicholas Alan Clayton on 2024-05-14 at 12:42pm

Battery Future (NYSE:BFAC) has entered into a definitive agreement to combine with edtech firm Classover at an enterprise value of $135 million. New York-based Classover provides an online tutoring and remote learning platform for K12 students. The combined company is expected to trade on the NYSE once the deal is completed in the second half...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved