Four Leaf Acquisition Corporation has successfully completed its initial public offering, issuing 5,200,000 units at $10.00 each, including 221,000 units from the underwriters' over-allotment option. The units began trading on Nasdaq under the ticker symbol "FORLU" on March 17, 2023. Each unit consists of one Class A common stock share and one redeemable warrant, with the latter allowing the purchase of shares at $11.50. This newly incorporated blank check company is focused on merging with businesses, particularly in the Internet of Things market, and is led by a team of experienced executives.
Four Leaf Acquisition Corporation announced the pricing of its initial public offering (IPO) of 5,200,000 units at $10.00 each, set to trade on Nasdaq under the ticker symbol FORLU starting March 17, 2023. Each unit comprises one share of Class A common stock and one redeemable warrant to purchase an additional share at $11.50. The offering includes a 45-day option for the underwriter to purchase up to 780,000 additional units. This blank check company targets the Internet of Things (IoT) sector for potential mergers and acquisitions. The offering is expected to close on March 21, 2023, pending customary conditions.