“…Significantly, in spite of the intensive exploration of metallocarbaporphyrinoids, 4 ( Figure 5) and 5 are the very first representatives of 21-carbaporphyrin complexes. [13,15,[23][24][25] A feasible mechanism of contraction consistent with formation of 3, 4, and 5 is shown in Scheme 3 and comprise the following major steps: 1) addition of palladium(II) and a hydroxide ion to the C(21)-C(22) double bond, [26] 2) b elimination, [27] and 3) competing contractions by 1,2-hydride shift or cheletropic extrusion of carbon oxide. The contraction is accompanied by a relief of strain energy of the embedded conjugated 1,3-cyclohexadiene ring and finally by the formation of a new aromatic porphyrinoid system.…”