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Four Leaf Acquisition Priced, Nasdaq: FORLU

Blank check company targeting the IoT space or adjacent spaces.

Industry: SPAC

Latest Trade: $10.97 0.00 (0.0%)

First Day Return: +2.0%

Return from IPO: +9.7%

Industry: SPAC

We are a newly organized, blank check company. Although we may pursue an acquisition in any industry or geography, we intend to focus on an acquisition capitalizing on the burgeoning Internet of Things, or “IoT” and adjacent technologies that target the IoT market (e.g. devices, components, software, communication protocols). The IoT market has seen substantial growth as the instrumentation of the internet coupled with advances in artificial intelligence, or “AI,” machine learning, and automation continue to accelerate the proliferation of products and services. The world-wide explosion in smartphone utilization, 5G proliferation, Web 3.0 adoption, improved internet access, are culminating in new market opportunities with massive disruptive potential across a number of industries. We will seek to capitalize on the diverse industry experience of our Chief Executive Officer, Angel Orrantia. Mr. Orrantia is a proven technology executive with a history of investing, acquiring, and building successful companies, while generating attractive stockholder returns. Over the past decade, Mr. Orrantia has created returns for investors while managing secular disruption and cyclical industry risk. Mr. Orrantia has operated and completed transformational cross-border transactions on a global basis.
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IPO Data
IPO File Date 09/13/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 5.2
Deal Size ($mm) $52
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/16/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 5.2
Deal Size ($mm) $52
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EF Hutton
Company Data
Headquarters Los Altos, CA, United States
Founded 2022
Employees 3

Four Leaf Acquisition (FORLU) Performance