Data443 Signs Definitive SPAC Merger, Targets Nasdaq Listing
ATDS has more than doubled off its 52-week low of $0.
Summary
Data443 has entered into a definitive business combination agreement with Four Leaf Acquisition Corporation, a SPAC, dated August 27, 2026. The combined company intends to list on Nasdaq, pending stockholder approval and SEC effectiveness of the Form S-4. This follows Data443's Q2 10-Q showing a going concern warning, zero cash, and multiple debt defaults, making the merger a critical lifeline. The deal provides a path to major-market listing and access to capital, though completion is subject to significant conditions including Four Leaf stockholder approval and Nasdaq listing approval. The company plans to deepen investment in AI-driven threat intelligence and data security platforms, but these are objectives, not commitments.
At the time of this announcement, ATDS was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $262.7K. The 52-week trading range was $0.00 to $0.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.