Four Leaf Acquisition Corp Ends China Deal to Pursue Data443 Merger

What Happened

• Four Leaf Acquisition Corp filed an 8-K (July 17, 2026) reporting that, effective July 15, 2026, it and the other parties mutually agreed to terminate the Business Combination Agreement with Guangzhou Xiaoyu DiDa Technology Co., Ltd. (XYDD). The agreement was originally entered on December 19, 2024 and had contemplated a business combination (the “XYDD Transaction”).
• The XYDD Transaction stalled due to PRC regulatory review. The termination was made so Four Leaf can pursue a proposed business combination with Data443 Risk Mitigation, Inc. (Data443). The company says it is not obligated to pay any termination fee or other amount to XYDD in connection with the termination. As an accommodation to effect the termination and support the proposed Data443 transaction, Data443 has agreed to compensate XYDD on terms described elsewhere in the filing (Item 8.01).

Key Details

• Parties: Four Leaf Acquisition Corp and Guangzhou Xiaoyu DiDa Technology Co., Ltd. (XYDD); proposed new counterparty is Data443 Risk Mitigation, Inc.
• Original agreement date: December 19, 2024; termination effective date: July 15, 2026.
• Reason: XYDD Transaction halted due to regulatory review under PRC law.
• Financial liability: Four Leaf states it owes no termination fee or other payment to XYDD; Data443 has separately agreed to compensate XYDD (amount/terms disclosed under Item 8.01).

Why It Matters

• The termination removes the pending China transaction that was blocked by regulatory review and clears the way for Four Leaf to pursue the proposed business combination with Data443. For investors, the key items to watch next are the formal terms, timeline and disclosures for the Data443 transaction and any specific compensation terms between Data443 and XYDD disclosed in subsequent filings.