Four Leaf Acquisition priced its initial public offering of 5.2 million units at $10 each, down 20% from the 6.5 million units initiall registered with the SEC in September.
The units list on the Nasdaq and began trading today under the ticker symbol FORLU. Each consists of one share and a warrant.
The tech-focused SPAC has said it will target companies in the IoT (Internet of Things) space.
Once the securities begin separate trading, shares and warrants are expected to be listed under the symbols FORL and FORLW.
EF Hutton is the sole book running manager for the offering. The SPAC has granted the underwriter a 45-day option to purchase up to an additional 780,000 units at the IPO price to cover any over-allotments. The offering is expected to close March 21. Read more.
