Four Leaf Acquisition Corporation Faces Nasdaq Delisting Due to Unfiled Annual Report and Unpaid Fees

Four Leaf Acquisition Corporation has received a notice from Nasdaq stating that its failure to file its Annual Report for 2024 serves as a basis for delisting its securities. The company intends to appeal the determination to stay the suspension of its securities and the filing of a Form 25-NSE. Four Leaf Acquisition Corporation is a blank check company seeking a target in the IoT market.

Four Leaf Acquisition Corporation (Nasdaq: FORL), a publicly-listed special purpose acquisition company, has received a notice from Nasdaq stating that its failure to file its Annual Report on Form 10-K for the year ended December 31, 2024, serves as a basis for delisting its securities [1]. The notice, received on April 17, 2025, also cited the company's non-payment of certain fees required by Listing Rule 5250(f) [2].

Unless Four Leaf Acquisition Corporation appeals these determinations, its securities will be delisted from The Nasdaq Capital Market, trading of its Common Stock will be suspended, and a Form 25-NSE will be filed with the Securities and Exchange Commission (SEC), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market [1].

The company has stated its intention to appeal these determinations under the Nasdaq Listing Rule 5800 Series to stay the suspension of its securities and the filing of the Form 25-NSE pending the Panel's decision [1, 2].

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. The company is seeking a target in the Internet of Things (IoT) market and is led by Bala Padmakumar, Chairman and Interim Chief Executive Officer, Coco Kou, Chief Financial Officer, and Robert de Neve, Chief Strategy Officer [1].

References:

[1] https://www.marketscreener.com/quote/stock/FOUR-LEAF-ACQUISITION-COR-154508257/news/FOUR-LEAF-ACQUISITION-CORPORATION-ANNOUNCES-RECEIPT-OF-NASDAQ-DELISTING-DETERMINATIONS-49696924/
[2] https://www.stocktitan.net/news/FORL/four-leaf-acquisition-corporation-announces-receipt-of-nasdaq-owo4dz92s0ez.html