Four Leaf Acquisition Corporation Announces Pricing of $52,000,000 Initial Public Offering
March 16 2023 - 5:00PM
via NewMediaWire – Four Leaf Acquisition Corporation (the
"Company") announced today that it priced its initial public
offering of 5,200,000 units at $10.00 per unit. The units will be
listed on Nasdaq and will begin trading tomorrow, March 17, 2023,
under the ticker symbol "FORLU". Each unit consists of one share of
Class A common stock and one redeemable warrant. Each warrant
entitles the holder thereof 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 Nasdaq under
the symbols "FORL" and “FORLW”, respectively.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”),
is acting as the sole book running manager for the offering. The
Company has granted the underwriter a 45-day option to purchase up
to an additional 780,000 units at the initial public offering price
to cover over-allotments, if any. The offering is expected to close
on March 21, 2023, subject to customary closing conditions.
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.
Nixon Peabody LLP is serving as legal counsel to the Company.
Offit Kurman P.A. is serving as counsel to EF Hutton.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from EF Hutton,
Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York,
New York 10022, by telephone at (212) 404-7002, by fax at (646)
861-4697, or by email at syndicate@efhuttongroup.com.
A registration statement on Form S-1 (File No. 333-267399)
relating to these securities has been filed with, and declared
effective by, the Securities and Exchange Commission ("SEC") on
March 16, 2023. A final prospectus relating to this offering will
be filed with the SEC. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company’s initial public offering. No assurance can be given that
the offering discussed above will be completed on the terms
described, or at all. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company's registration statement and preliminary prospectus for
the offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Company Contact:Angel OrrantiaChief Executive OfficerFour
Leaf Acquisition Corp.Email: angel@i2i.globalPhone: (650)
720-5626
Four Leaf Acquisition (NASDAQ:FORL)
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