We intend to focus our search on companies in the IoT space or adjacent spaces. “IoT” refers to the “Internet of Things,” that is, physical objects (or groups of objects) with sensors, processing ability, software, and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks, sometimes called “smart devices.” We will also consider adjacent spaces such as devices, components or software that are used in IoT applications. (Incorporated in Delaware)

We intend to target companies in both developing markets (e.g., China and India), and the developed markets (e.g., United States and Europe). However, we affirmatively exclude as an initial business combination target any company whose financial statements are audited by an accounting firm that the United States Public Company Accounting Oversight Board, or the PCAOB, is unable to inspect for two consecutive years beginning in 2021 and any target company with China operations consolidated through a variable interest entity, or a VIE, structure.

(Note: Four Leaf Acquisition Corp. priced its downsized SPAC IPO on March 16, 2023: The IPO was cut to 5.2 million units – down from 6.5 million units – at $10.00 each to raise $52 million. Four Leaf Acquisition is the eighth SPAC IPO priced so far in 2023. Four Leaf Acquisition filed an S-1/A on Dec. 5, 2022, with no change in terms for its SPAC IPO: 6.5 million units at $10.00 each to raise $65.0 million. The terms were filed in an S-1/A in October 2022. Four Leaf Acquisition Corp. filed its S-1 for its SPAC IPO on Sept. 13, 2022. Each unit consists of one share and one redeemable warrant. The company filed confidential IPO documents with the SEC on July 1, 2022.)