Streetbeat News

CLOE

Clover Leaf Capital Corp.

https://www.cloverlcc.com

Industry

Shell Companies

Clover Leaf Capital Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses. It intends to focus on the companies operating in the cannabis industry. The company was incorporated in 2021 and is based in Miami, Florida.

Open

12.50

Mkt cap

62M

Volume

555

High

12.50

P/E Ratio

-59.52

52-wk high

14.75

Low

12.50

Div yield

N/A

52-wk low

11.00

Clover Leaf and Digital Ally have postponed their special stockholders meeting to August 27, 2024, to vote on a proposed merger with Kustom Entertainment. The redemption deadline has been extended to August 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:11 pm

Clover Leaf Capital (NASDAQ:CLOE) reported a Q2 EPS loss of $(0.07), which is an improvement from the $(0.08) loss per share in the same period last year, marking a 12.5% increase.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:42 pm

Clover Leaf Capital Corp and Digital Ally have postponed their special meeting from August 20, 2024, to August 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:42 pm

Digital Ally, Inc. and Clover Leaf Capital Corp. have amended their Lock-Up Agreement in relation to their proposed business combination, increasing the immediate distribution of securities to Digital Ally shareholders from 15% to 20% at closing. The combined company, Kustom Entertainment, will have an equity value of $125 million and an implied pro forma equity value of $222.2 million. The merger is expected to provide $14 million in gross proceeds, assuming no redemptions. Kustom Entertainment will include TicketSmarter and Kustom 440, focusing on concerts and ticketing partnerships.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:41 pm

Digital Ally's subsidiary, Kustom Entertainment, has entered into a $125 million merger agreement with SPAC Clover Leaf Capital Corp. The combined company will focus on live events and concert production, with Digital Ally remaining an independent public company.

Portfolio Pulse from Akanksha Bakshi

June 02, 2023 | 3:17 pm

Digital Ally Inc. will distribute 15% of shares obtained in Kustom Entertainment to its shareholders immediately following the closing of the merger.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:58 pm

Kustom Entertainment, a subsidiary of Digital Ally Inc. (NASDAQ:DGLY), has entered into a business combination agreement with Clover Leaf Capital Corp. The transaction values Kustom Entertainment at $125 million and aims to create a publicly traded entity focused on live event and concert production.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:57 pm

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