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Clover Leaf Capital Corp. Announces Adjournment of Special Meeting of Stockholders on Proposed Business Combination
DGLYDigital Ally(DGLY) GlobeNewswire News Room·2024-09-20 21:10

Core Points - Clover Leaf Capital Corp. (CLOE) is convening a special meeting of stockholders on September 27, 2024, to vote on a proposed business combination with Kustom Entertainment, Inc. [1] - The meeting will be held at 10:00 a.m. Eastern Time and will be accessible via live webcast [2] - The deadline for holders of Clover Leaf's Class A common stock to submit shares for redemption in connection with the business combination has been extended to September 25, 2024 [2] Company Overview - Clover Leaf Capital Corp. is a special purpose acquisition company (SPAC) formed to effect a merger or similar business combination with one or more businesses [9] - Kustom Entertainment, Inc. is a wholly-owned subsidiary of Digital Ally, which oversees TicketSmarter, Kustom 440, and BirdVu Jets [5][8] - TicketSmarter provides tickets for over 125,000 live events and is the official ticket resale partner for numerous collegiate conferences and universities [6] Business Combination Details - The business combination involves an Agreement and Plan of Merger among Clover Leaf, its subsidiary Merger Sub, Yntegra Capital Investments LLC, and Digital Ally [1] - Following the business combination, the management teams of TicketSmarter, Kustom 440, and BirdVu Jets will be combined to focus on concerts and entertainment partnerships [8]