Four Leaf Acquisition filed a proxy calling a June 18 meeting for shareholders to vote on a proposal that would give the SPAC until June 2025 as it works to find and complete a deal.
If approved, the SPAC’s sponsor would deposit $75,000 into trust for each month used under the new extension plan. That’s a 50% increase freom the initial proposal that called for the SPAC to deposit the lesser of $50,000 or 6 cents a share for each month.
Four Leaf raised $52 million in a March 2023 IPO to target companies in the IoT (Internet of Things) space. The SPAC has not yet announced a deal. Read more.
