Four Leaf Acquisition Corporation
FORL
Other OTC11.00
USD
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Four Leaf Acquisition Corporation
FORL
(Other OTC)
Recent
price
11.00
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Four Leaf Acquisition Corporation (FORL) is a blank check company, or special purpose acquisition company (SPAC), incorporated in Delaware in 2022 and headquartered in Los Altos, California, that seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets, with a primary target focus on the Internet of Things (IoT) sector and adjacent opportunities including devices, components, software, AI, and automation technologies; the company currently conducts no significant operations and holds cash primarily in trust for deployment upon consummation of an initial business combination, with Class A common stock and warrants listed on Nasdaq under the symbols FORLU and FORL prior to recent delisting actions. Four Leaf Acquisition Corporation is led by Chairman and Interim CEO Bala Padmakumar, CFO Coco Kou, and Chief Strategy Officer Robert de Neve, with underwriting by EF Hutton and legal counsel from Nixon Peabody LLP, and pursues disciplined global acquisition processes leveraging management expertise in IoT technologies, protocols, data analytics, machine learning, and industry networks to identify growth-oriented targets; its core "products" consist of the SPAC structure itself as an acquisition vehicle providing public market access and sponsor promote equity, alongside ancillary services such as strategic advisory, due diligence, and post-merger operational enhancement in the IoT ecosystem serving enterprise, consumer, and industrial markets worldwide. In December 2024, Four Leaf Acquisition Corporation entered into an Agreement and Plan of Merger with Xiaoyu Dida Interconnect International Limited, under which it would become a wholly owned subsidiary of Xiaoyu Dida through a two-step reverse merger process contingent on shareholder approvals, regulatory clearances including Hart-Scott-Rodino, net tangible assets exceeding $5 million, and Nasdaq listing of the post-merger entity, though the deadline for business combination has lapsed into liquidation risk; more recently in April 2025, the company received Nasdaq delisting notices for failure to file its 2024 Form 10-K, delayed 2025 Form 10-Q, and unpaid listing fees under Rule 5250(f), prompting intentions to appeal under Nasdaq Rule 5800 while trading shifted to OTC markets amid ongoing compliance efforts, shareholder sales by insiders such as Wolverine Asset Management, and short interest fluctuations.
FOUR LEAF ACQUISITION CORPORATION ANNOUNCES RECEIPT OF NASDAQ DELISTING DETERMINATIONS