Four Leaf Acquisition Corporation (FORL) Prices Downsized $52M IPO

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.