Four Leaf Acquisition Corporation Announces Closing of $54 Million Initial Public Offering and Partial Exercise of Over-Allotment Option
March 22 2023 - 2:00PM
via NewMediaWire – Four Leaf Acquisition Corporation (the
"Company") today announced the closing of its initial public
offering of 5,200,000 units at $10.00 per unit, including 221,000
units issued pursuant to the partial exercise by the underwriters
of their over-allotment option. The units are listed on Nasdaq
("Nasdaq") and began trading on 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.
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.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”)
acted as the sole book running manager for the offering.
Nixon Peabody LLP served as legal counsel to the Company. Offit
Kurman P.A. served as counsel to EF Hutton.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from EF Hutton, division of
Benchmark Investments, LLC, 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 was filed with and declared effective
by the Securities and Exchange Commission ("SEC") on March 16,
2023. 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, the anticipated use of the net
proceeds thereof and the Company’s search for an initial business
combination. No assurance can be given that the net proceeds of the
initial public offering will be used as indicated. 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
prospectus for the initial public 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:FORLU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Four Leaf Acquisition (NASDAQ:FORLU)
Historical Stock Chart
From Sep 2023 to Sep 2024