Recent Updates — FORLU

Four Leaf Acquisition Corporation stockholders approved several amendments during a special meeting on June 22, 2026. The approved proposals allow the company to extend its business combination deadline up to twelve times for one month each, moving the termination date from June 22, 2026, to June 22, 2027, by depositing $75,000 into the trust account per extension. Additionally, stockholders approved removing the limitation that prevents redemptions if they would result in net tangible assets falling below $5,000,001. Following the meeting, 893,090 public shares, representing approximately 88.0% of outstanding public shares, were redeemed. Four Leaf Acquisition Corporation is a blank check special purpose acquisition company.

Four Leaf Acquisition Corporation terminated its Business Combination Agreement with Guangzhou Xiaoyu DiDa Technology Co., Ltd (XYDD) effective July 15, 2026. The termination was prompted by regulatory reviews under PRC law and allows the company to pursue a proposed business combination with Data443 Risk Mitigation, Inc. To facilitate the termination, Data443 agreed to issue a $2,000,000 promissory note to XYDD. The loan is payable in two interest-free installments within 90 and 120 days of the deal close, though unpaid balances accrue 15% simple interest. The company is not liable for any termination fees. Four Leaf Acquisition Corporation is a special purpose acquisition company (SPAC).

Four Leaf Acquisition Corporation announced a comprehensive governance restructuring effective July 7, 2026. Directors Alvin Wang, Stephen Markscheid, and Rahul Mewawalla resigned from the Board, alongside the immediate resignation of Chief Financial Officer Coco Kou. The company appointed Nanuk Warman, Jay Izso, and Mark DiSabato as independent directors to the Board and its audit and compensation committees. Additionally, Greg McCraw was appointed as the new Chief Financial Officer. The company also relocated its headquarters to Durham, North Carolina. The resignations were not due to disagreements regarding company operations or policies. Four Leaf Acquisition Corporation is a special purpose acquisition company.