Data443 to go public via SPAC merger with Four Leaf, eyes Nasdaq listing
What's the deal? Data security firm Data443 Risk MitigationDealroom has a profile for this one. Try Dealroom → has signed a definitive business combination agreement with Four Leaf Acquisition CorporationDealroom has a profile for this one. Try Dealroom →, a special purpose acquisition company (SPAC). The deal, dated August 27, 2026, would take Data443Dealroom has a profile for this one. Try Dealroom → public and list the combined company on the Nasdaq Stock Market.
Who's involved? Data443 sells data classification, discovery, privacy, compliance, threat detection, and disposition software to enterprise and government customers. The company also operates high-availability validator nodes in a major distributed ledger network. Four Leaf is a Delaware-incorporated SPAC currently trading over the counter.
What's the endgame? The combined company plans to deepen investment in AI products, including its Convaa.aiDealroom has a profile for this one. Try Dealroom → collaboration tool and Vaikora AIDealroom has a profile for this one. Try Dealroom → security platform. It also intends to expand AI-driven detection and analytics across its portfolio and pursue further acquisitions.
Why Nasdaq? The parties believe a Nasdaq listing could improve visibility with institutional investors, widen access to capital, and provide "a more efficient currency" for future acquisitions and strategic investments.
What could go wrong? Completion is far from certain. The transaction requires approval from Four Leaf's stockholders, effectiveness of a Form S-4 registration statement, and Nasdaq's sign-off on the combined company's securities. The companies warn there is "no assurance that the transactions will be completed."
Executive view: "Entering into this agreement is a step toward giving Data443 a major-market platform for the next phase of our growth," said Jason Remillard, chief executive officer and founder of Data443. He added that the firm has spent nearly a decade building enterprise data security and a validation record in distributed-ledger infrastructure.
The signal: The deal reflects continued appetite for taking niche software firms public through SPACs rather than traditional IPOs — here, a bet that pairing established data security with an AI and blockchain narrative can win over public-market investors.
Read more: Business Insider
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