Form 8-K Four Leaf Acquisition For: Mar 16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 16, 2023

 

 

Four Leaf Acquisition Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		001-41646		88-1178935
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4546 El Camino Real B10 #715,

Los Altos, California 94022

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (650) 720-5626

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one share of Class A common stock and one redeemable warrant		FORLU		The Nasdaq Stock Market LLC
Class A common stock, par value $0.0001 per share		FORL		The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share		FORLW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item 1.01.

Entry into a Material Definitive Agreement.

On March 16, 2023, Four Leaf Acquisition Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC, as representative of the underwriters named on Schedule 1 thereto (the “Representative”), relating to the Company’s initial public offering (the “Offering”) of 5,200,000 units (“Units”), which may be increased to 5,980,000 Units if the underwriters’ over-allotment option is exercised in full. Each Unit consists of one share of Class A common stock, $0.0001 par value per share (“Common Stock”) and one redeemable warrant (each, a “Public Warrant”), with each Public Warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share. The Units will be sold at an offering price of $10.00 per Unit, generating gross proceeds of $52,000,000 (or up to $59,800,000 if the underwriters’ over-allotment option is exercised in full).

In connection therewith, the Company entered into the following agreements previously filed as exhibits to the Company’s Registration Statement on Form S-1 (333-267399), as amended (the “Registration Statement”). On March 16, 2023, the Registration Statement was declared effective by the Securities and Exchange Commission.

 

•

A Warrant Agreement, dated March 16, 2023, by and between the Company and Continental Stock Transfer & Trust Company;

 

•

A Letter Agreement, dated March 16, 2023, by and among the Company, its officers, its directors and the Sponsor (as defined below);

 

•

An Investment Management Trust Agreement, dated March 16, 2023, by and between the Company and Continental Stock Transfer & Trust Company;

 

•

A Registration Rights Agreement, dated March 16, 2023, by and among the Company, the Sponsor and certain security holders;

 

•

A Placement Warrant Purchase Agreement, dated March 16, 2023, by and between the Company and the Sponsor; and

 

•

An Administrative Support Agreement, dated March 16, 2023, by and between the Company and the Sponsor.

The above descriptions are qualified in their entirety by reference to the full text of the applicable agreement, each of which is incorporated by reference herein and attached hereto as Exhibits 1.1, 4.1, 10.1, 10.2, 10.3, 10.4 and 10.5, respectively.

Item 3.02.

Unregistered Sales of Equity Securities.

In connection with its entering in to the Underwriting Agreement, the Company entered into an agreement for a private placement (the “Private Placement”) of an aggregate of 3,449,500 warrants (“Placement Warrants”) (or 3,800,500 Placement Warrants if the underwriters’ over-allotment option is exercised in full) with ALWA Sponsor LLC (the “Sponsor”) at a price of $1.00 per Placement Warrant, for an aggregate purchase price of $3,449,500 (or $3,800,500 if the underwriters’ over-allotment option is exercised in full). The Placement Warrants (and the underlying securities) are identical to the Public Warrants sold as part of the Units in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

 

Item 8.01.

Other Events.

A total of $53,560,000.00 of net proceeds from the IPO and the Private Placement (or $55,836,300.00 if underwriters’ over-allotment option is exercised in full) will be placed in a U.S.-based trust account established for the benefit of the Company’s public stockholders maintained by Continental Stock Transfer & Trust Company acting as trustee. Except for the withdrawal of interest to pay taxes and interest to pay any dissolution expenses, none of the funds held in the trust account will be released until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of any public shares properly submitted in connection with a stockholder vote to amend the Company’s second amended and restated certificate of incorporation (a) to modify the substance or timing of the Company’s obligation to allow redemption in connection with its initial business combination or to redeem 100% of its public shares if the Company does not complete its initial business combination within 12 months (or up to 18 months if the Company extends the period of time to consummate a business combination by up to six months) from the closing of the IPO or (b) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity; or (iii) the redemption of the Company’s public shares if it is unable to complete its initial business combination within 12 months (or up to 18 months if the Company extends the period of time to consummate a business combination by up to six months) from the closing of the IPO, subject to applicable law.

Copies of the press releases issued by the Company announcing the pricing of the IPO is included as Exhibits 99.1 to this Current Report on Form 8-K.

 

Item 9.01.

Financial Statements and Exhibits.

(d)    Exhibits

EXHIBIT INDEX

 

Exhibit No.		Description
1.1		Underwriting Agreement, dated March 16, 2023, by and between the Company and EF Hutton, division of Benchmark Investments, LLC, as representative of the several underwriters.
4.1		Warrant Agreement, dated March 16, 2023, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent.
10.1		Letter Agreement, dated March 16, 2023, by and among the Company, its officers, its directors and ALWA Sponsor LLC.
10.2		Investment Management Trust Agreement, dated March 16, 2023, by and between the Company and Continental Stock Transfer & Trust Company, as trustee.
10.3		Registration Rights Agreement, dated March 16, 2023, by and among the Company and ALWA Sponsor LLC.
10.4		Private Placement Warrants Purchase Agreement, dated March 16, 2023, by and among the Company and ALWA Sponsor LLC.
10.5		Administrative Support Agreement, dated March 16, 2023, by and among the Company and ALWA Sponsor LLC
99.1		Press Release, dated March 16, 2023

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: March 21, 2023