Aankondiging • Jan 16
Nasdaq Stock Market to Delist the Class A Common Stock of Four Leaf Acquisition Corporation The Nasdaq Stock Market announced that it will delist the Class A Common Stock, units, and warrants of Four Leaf Acquisition Corporation. Four Leaf Acquisition Corporation’s securities were suspended on October 17, 2025 and have not traded on Nasdaq since that time. Aankondiging • Nov 18
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 11/17/2025, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Aug 28
Nasdaq Issues Additional Delisting Notice to Four Leaf Acquisition for Common Stock Due to Failure to File Form 10-Q and Company Files Report on August 27, 2025 On August 21, 2025, Four Leaf Acquisition Corporation 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. Aankondiging • Aug 16
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 08/15/2025, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • May 16
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 05/15/2025, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Apr 24
Four Leaf Acquisition Corporation Announces Receipt of Nasdaq Delisting Determinations Four Leaf Acquisition Corporation announced that it received a notice (the “Notice”) from the staff of the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 17, 2025 stating that the Company’s failure to file its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”), serves a basis for delisting the Company’s securities from Nasdaq. Accordingly, unless the Company timely requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s Common Stock will be suspended and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. On April 21, 2025, the Company received another notice from Nasdaq, which notified the Company that its failure to pay certain fees required by Listing Rule 5250(f) serves an additional basis for delisting the Company’s securities from Nasdaq unless the Company appeals this determination. The Company fully intends to timely appeal such determinations pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series to stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. Aankondiging • Apr 11
Four Leaf Acquisition Receives Written Notice from Nasdaq Regarding MVLS Rule As previously disclosed on Form 8-K with the Securities Exchange Commission, on September 24, 2024, Four Leaf Acquisition Corporation (the “Company”) received a letter (the “ Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that, for the last 36 consecutive business days, the Market Value of Listed Securities (“MVLS”) for the Company was below the $35 million minimum MVLS requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). Nasdaq further stated that in accordance with Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days (the “ Compliance Period”), or until March 24, 2025, to regain compliance with the MVLS Rule. On April 8, 2025, the Company received written notice (the “ Delisting Letter”) from Nasdaq informing the Company that it has not regained compliance with Nasdaq Listing Rule 5550(b)(2) for the MVLS within the Compliance Period in accordance with Nasdaq Listing Rule 5810(c)(3)(C). Accordingly, unless the Company requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s Common Stock will be suspended at the opening of business on April 17, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Company can request an appeal to the Nasdaq Hearings Panel (the “ Panel”) prior to 4:00 p.m. Eastern Time on April 15, 2025, which will stay the suspension of the Company’s securities pending a decision from the Panel at the scheduled hearing. The Company fully intends to timely appeal such determination by requesting a hearing to the Panel, pursuant to the procedures set in the Nasdaq Listing Rule 5800 Series to stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. Aankondiging • Apr 02
Four Leaf Acquisition Corporation announced delayed annual 10-K filing On 04/01/2025, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Dec 21
Xiaoyu Dida Interconnect International Limited entered into an agreement and plan of merger to acquire Four Leaf Acquisition Corporation (NasdaqCM:FORL) from ALWA Sponsor LLC and others in a reverse merger transaction. Xiaoyu Dida Interconnect International Limited entered into an agreement and plan of merger to acquire Four Leaf Acquisition Corporation (NasdaqCM:FORL) from ALWA Sponsor LLC and others in a reverse merger transaction on December 17, 2024. Immediately after giving effect to the Unit Separation and the Four Leaf Class B Conversion, at the Merger 1 Effective Time, each share of Four Leaf Class A Common Stock issued and outstanding immediately prior to the Merger 1 Effective Time (other than any shares of Four Leaf Class A Common Stock held by Four Leaf as treasury stock and any shares of Four Leaf Class A Common Stock subject to redemption (the “ Four Leaf Redeeming Shares ”)) shall automatically be cancelled in exchange for the right to receive, upon delivery of the applicable letter of transmittal (if any), one Class A ordinary share, par value of $0.00005 per share, of Xiaoyu Dida (the “ Xiaoyu Dida Class A Ordinary Shares ”) (the “ Merger Consideration ”). Upon the closing of the transactions contemplated by the Merger Agreement, Merger Sub 1, will be merged with and into Four Leaf (“ Merger 1 ”), with Four Leaf being the surviving company and becoming a wholly-owned subsidiary of Xiaoyu Dida. Four Leaf appointed Mr. Bala Padmakumar, the current Chairman of the Board, as interim CEO until Four Leaf appoints a permanent new CEO.
The consummation of the Closing is conditioned upon, among other things: (i) receipt of Four Leaf stockholder approval and Xiaoyu Dida shareholder approval; (ii) the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other applicable anti-trust Laws; (iii) no provisions of any applicable Law and no Order (each as defined in the Merger Agreement) shall prohibit or prevent the consummation of the Closing; (iv) all consents, approvals and actions of, filings with and notices to any Governmental Authority required to consummate the transactions, including without limitation, the CSRC Filing Notice (as defined in the Merger Agreement), shall have been made or obtained; (v) the effectiveness of the Registration Statement under the Securities Act of 1933, as amended (the “ Securities Act ”); (vi) Four Leaf having at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”)); (vii) the common stock of Xiaoyu Dida to be issued pursuant to the Merger Agreement being listed or having been conditionally approved for listing on Nasdaq, subject to official notice of issuance. The board of of directors of Four Leaf has unanimously approved the transaction. The board of director of Xiaoyu Dida approved the transaction.
Alan Bao of White & Case LLP acted as legal advisor to Xiaoyu Dida Interconnect. David Cheng and David R. Brown of Nixon Peabody LLP acted as legal advisors to Four Leaf Acquisition. Aankondiging • Dec 12
Four Leaf Acquisition Receives Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q Four Leaf Acquisition Corporation announced that on November 21, 2024, it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its quarterly report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c) (1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The current notice will have no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the Company's common stock. Nasdaq indicated that the Company must: (i) no later than January 19, 2025, submit a plan to regain compliance with respect to the filing requirement; and (ii) on or before May 19, 2025, file the delinquent Form10-Q. The Company intends to file the delinquent Form 10-Q as soon as practicable. Aankondiging • Nov 16
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 11/15/2024, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Oct 03
Four Leaf Acquisition Receives Notification of Deficiency from Nasdaq Regarding Minimum Market Value of Listed Securities Requirement under Nasdaq Listing Rule 5550(b)(2) On September 27, 2024, Four Leaf Acquisition Corporation (the ‘Company’) received a letter (the ‘Letter’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) informing the Company that, for the last 36 consecutive business days, the Market Value of Listed Securities (‘MVLS’) for the Company was below the $35 million minimum MVLS requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the ‘MVLS Rule’). The Letter is a notification of deficiency, not a notice of imminent delisting, and has no current effect on the listing or trading of the Company’s securities. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company will have 180 calendar days, or until January 20, 2025 (the ‘Compliance Period’), to regain compliance with the MVLS Rule. To regain compliance with the MVLS Rule, the MVLS for the Company must be at least $35 million for a minimum of 10 consecutive business days at any time during this Compliance Period. If the Company regains compliance with the MVLS Rule, Nasdaq will provide the Company with written confirmation and will close the matter. If the Company does not regain compliance with the MVLS Rule by the end of the Compliance Period, Nasdaq will provide written notification that its securities will be subject to delisting. In the event of such notification, the Nasdaq rules permit the Company an opportunity to appeal Nasdaq’s determination. The Company is monitoring its MVLS and is evaluating options to regain compliance with the MVLS Rule. However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards. New Risk • Apr 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$1.3m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (US$73.1m market cap). Aankondiging • Nov 29
Four Leaf Acquisition Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q Four Leaf Acquisition Corporation announced that on November 20, 2023, it received a notice from The Nasdaq Stock Market LLC stating that because the Company has not yet filed its quarterly report on Form 10-Q for the period ended September 30, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c) (1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission. The current notice will have no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the Company’s common stock. Nasdaq indicated that the Company must: (i) no later than January 19, 2024, submit a plan to regain compliance with respect to the filing requirement; and (ii) on or before May 20, 2024, file the delinquent Form10-Q. The Company intends to file the delinquent Form 10-Q as soon as practicable. Aankondiging • Nov 17
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 11/15/2023, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Aug 26
Four Leaf Acquisition Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q Four Leaf Acquisition Corporation announced that it has received a notice from The Nasdaq Stock Market LLC (‘Nasdaq’) stating that because the Company has not yet filed its quarterly report on Form 10-Q for the period ended June 30, 2023 (the ‘Form 10-Q’), the Company is not in compliance with Nasdaq Listing Rule 5250(c) (1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the ‘SEC’). The current notice will have no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the Company’s common stock. Nasdaq indicated that the Company must: (i) no later than October 21, 2023, submit a plan to regain compliance with respect to the filing requirement; and (ii) on or before February 12, 2024, file the delinquent Form10-Q. The Company intends to file the delinquent Form 10-Q as soon as practicable. Aankondiging • Aug 17
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 08/15/2023, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Jun 01
Four Leaf Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q On May 31, 2023, Four Leaf Acquisition Corporation announced that it has received a notice from The Nasdaq Stock Market LLC (‘Nasdaq’) stating that because the Company has not yet filed its quarterly report on Form 10-Q for the period ended March 31, 2023 (the ‘Form 10-Q’), the Company is not in compliance with Nasdaq Listing Rule 5250(c) (1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the ‘SEC’). The current notice will have no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the Company’s common stock. Nasdaq indicated that the Company must: (i) no later than July 24, 2023, submit a plan to regain compliance with respect to the filing requirement; and (ii) on or before November 13, 2023, file the delinquent Form10-Q. The Company intends to file the delinquent Form 10-Q as soon as practicable. Aankondiging • May 17
Four Leaf Acquisition Corporation announced delayed 10-Q filing On 05/16/2023, Four Leaf Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.