Four Leaf Acquisition Corp (NASDAQ:FORL), a blank check company, has secured shareholder approval to extend its deadline for completing a business combination by up to an additional 12 months, as detailed in a recent SEC filing.
The special meeting of stockholders held on Monday approved the amendment to the Investment Management Trust Agreement, allowing the company until June 22, 2025, to finalize a merger or acquisition. This extension can be implemented up to 12 times for one month each. To facilitate each one-month extension, Four Leaf Acquisition will deposit $75,000 into its trust account. The first of these payments was made on Wednesday.
In conjunction with the trust agreement amendment, the company also filed an amendment to its Second Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on Wednesday to formalize the extension.
During the special meeting, stockholders holding approximately 50.8% of the public shares exercised their right to redeem their shares for a pro rata portion of the funds in the trust account.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.