New York, NY. Nixon Peabody LLP advised Four Leaf Acquisition Corporation, a special purpose acquisition company (SPAC), on its $54 million initial public offering (IPO) of units consisting of common stock and warrants. The units are listed on Nasdaq under the ticker symbol “FORLU.” After the common stock and warrants begin separate trading, the common stock and the warrants will be listed on Nasdaq under the symbols "FORL" and “FORLW,” respectively.
On April 5, 2023, Four Leaf Acquisition Corporation, Nixon Peabody, and other members of the IPO team visited the Nasdaq MarketSite, where Four Leaf’s CEO, Angel Orrantia, rang the opening bell. The Los Altos, California-based company believes that there are many target companies that could become attractive public companies and will seek a target in the “Internet of Things” (IoT) space.
“On behalf of our multinational Nixon Peabody team, who came together to advise on this complex IPO, I would like to congratulate Four Leaf Acquisition Corporation on its IPO,” said David R. Brown, corporate partner and managing partner of the firm’s Chicago office. “It has been an honor to work with the Four Leaf team, and we look forward to the company’s continued growth.”
In addition to Brown, Nixon Peabody’s core team that advised Four Leaf includes David Cheng, chair and managing partner of the firm’s China and Asia-Pacific practice, Director of Global Strategies David A. Kaufman, counsel Conrad Adkins, and associate Jacalyn Smith, as well as various other NP attorneys and professionals.
EF Hutton, division of Benchmark Investments, LLC acted as lead underwriter and sole book-running manager for the offering.