Four Leaf Acquisition Corporation received a Nasdaq notice for missing a filing but later submitted the required report.
Quiver AI Summary
On August 21, 2025, Four Leaf Acquisition Corporation received a notice from Nasdaq indicating that it failed to file its Quarterly Report on Form 10-Q for the period ending June 30, 2025, which presents grounds for potential delisting from the stock market. Despite previously addressing non-compliance issues with Nasdaq and appealing for an extension, the new notice adds to the delisting concerns. However, on August 27, 2025, the Company submitted its Form 10-Q. Four Leaf Acquisition Corporation, focused on merging with businesses in the Internet of Things market, is led by Bala Padmakumar (Chairman and Interim CEO), Coco Kou (CFO), and Robert de Neve (Chief Strategy Officer). The press release also includes cautionary forward-looking statements about potential business challenges.
Potential Positives
- The Company successfully filed its overdue Form 10-Q on August 27, 2025, addressing previous non-compliance with Nasdaq’s listing rules.
- This filing may help the Company avoid delisting from Nasdaq, which is significant for its continued operations and investor confidence.
- The press release highlights the Company's intent to identify attractive public companies, particularly in the Internet of Things (IoT) market, showcasing its future growth potential.
Potential Negatives
- The Company received a notice from Nasdaq indicating a failure to file its Quarterly Report on Form 10-Q, which poses a risk of delisting its securities.
- This is not the first notice of non-compliance from Nasdaq, suggesting ongoing issues with regulatory adherence and potential long-term impacts on the Company's reputation.
- The Notice serves as an additional basis for delisting, indicating that the Company's situation is serious enough to warrant multiple warnings from Nasdaq.
FAQ
What is the reason for Four Leaf Acquisition Corporation's potential delisting from Nasdaq?
Four Leaf Acquisition Corporation received a notice for failing to file its Quarterly Report on Form 10-Q for June 30, 2025.
When did Four Leaf Acquisition Corporation file its Form 10-Q?
The Company filed its Form 10-Q on August 27, 2025, addressing its previous compliance issues.
Who leads Four Leaf Acquisition Corporation?
The Company is led by Bala Padmakumar (Chairman and Interim CEO), Coco Kou (CFO), and Robert de Neve (CSO).
What type of companies is Four Leaf Acquisition Corporation targeting?
Four Leaf Acquisition Corporation is seeking target companies in the Internet of Things (IoT) market for business combinations.
What are forward-looking statements in the press release?
Forward-looking statements refer to projections regarding future events, based on management’s current expectations and assumptions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FORL Insider Trading Activity
$FORL insiders have traded $FORL stock on the open market 13 times in the past 6 months. Of those trades, 3 have been purchases and 10 have been sales.
Here’s a breakdown of recent trading of $FORL stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT HOLDINGS, LLC AQR has made 0 purchases and 9 sales selling 366,532 shares for an estimated $4,259,101.
- ASSET MANAGEMENT LLC WOLVERINE has made 3 purchases buying 130 shares for an estimated $1,499 and 1 sale selling 1,000 shares for an estimated $11,670.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FORL Hedge Fund Activity
We have seen 4 institutional investors add shares of $FORL stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- METEORA CAPITAL, LLC removed 255,706 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $2,981,301
- TORONTO DOMINION BANK removed 194,397 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $2,266,494
- WOLVERINE ASSET MANAGEMENT LLC removed 71,653 shares (-27.9%) from their portfolio in Q2 2025, for an estimated $835,409
- HEIGHTS CAPITAL MANAGEMENT, INC removed 49,122 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $572,718
- CLEAR STREET LLC added 47,368 shares (+112.9%) to their portfolio in Q2 2025, for an estimated $552,268
- TABOR ASSET MANAGEMENT, LP removed 21,486 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $250,507
- TRUEMARK INVESTMENTS, LLC removed 19,934 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $232,412
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LOS ALTOS, Calif., Aug. 27, 2025 (GLOBE NEWSWIRE) -- On August 21, 2025, Four Leaf Acquisition Corporation. (“FORL” or the “Company”) received a notice (the “Notice”) from the staff of the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company had failed to file its Quarterly Report on Form 10-Q for the year ended June 30, 2025 (the “Form 10-Q”). Nasdaq previously issued notices regarding the Company’s non-compliance with Nasdaq’s listing rules as basis for delisting, and the Company requested an appeal of this determination, and was granted an extension. This Notice serves as additional basis for delisting the Company’s securities from Nasdaq.
On August 27, 2025, the Company filed its Form 10-Q.
About Four Leaf Acquisition Corporation
Four Leaf Acquisition Corporation is a blank check company incorporated in Delaware for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Four Leaf Acquisition Corporation believes that there are many target companies that could become attractive public companies and is seeking a target in the Internet of Things “IoT” market. Four Leaf Acquisition Corporation is led by Bala Padmakumar, Chairman and Interim Chief Executive Officer, Coco Kou, Chief Financial Officer, and Robert de Neve, Chief Strategy Officer.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words “aims,” “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Four Leaf Acquisition Corporation (the “Company” or “we”) disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company, including risks and uncertainties described in the “Risk Factors” section of our Registration Statement on Form S-1 filed with the SEC on March 16, 2023, as amended, and other documents that we file from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The Company can give no assurances that the Company will achieve its expectations.
Company Contact:
Bala Madmakumar
Interim Chief Executive Officer
Four Leaf Acquisition Corporation
Email: [email protected]