Clover Leaf Capital and Kustom Entertainment Update Special Meeting

Clover Leaf Capital's Special Meeting Update

Clover Leaf Capital Corp. (NASDAQ: CLOE), a dynamic player in the special purpose acquisition company (SPAC) landscape, has made an important announcement regarding its stockholders' special meeting. This meeting, which is pivotal for approving the proposed business combination with Kustom Entertainment, Inc., has been rescheduled. Stockholders will now convene at 10:00 a.m. Eastern Time on Friday, September 20, 2024, virtually via a live webcast.

Business Combination with Kustom Entertainment

The primary agenda for the meeting is to seek the approval of the business combination between Clover Leaf and Kustom Entertainment. This merger represents an exciting opportunity for Clover Leaf's stockholders, allowing them to invest in an innovative entertainment company. The partnership with Kustom Entertainment is poised to enhance Clover Leaf's portfolio and offer extensive growth potential in the entertainment sector.

Details of the Meeting

In light of the postponement, Clover Leaf extends the deadline for its Class A common stockholders to submit shares for redemption in connection with this significant business combination. This deadline has been adjusted to 5:00 p.m. Eastern Time on Wednesday, September 18, 2024. Stockholders who wish to participate should ensure they are aware of their voting rights bearing the record date of July 24, 2024.

Engagement Opportunities for Stockholders

Clover Leaf remains committed to engaging with its stockholders leading up to this important meeting. Stockholders who have questions or need assistance are encouraged to reach out to their brokers or contact Morrow Sodali LLC, Clover Leaf's proxy solicitor. This engagement ensures that stockholders can make informed decisions regarding their investments.

Understanding Kustom Entertainment, Inc.

Kustom Entertainment is the newly formed subsidiary of Digital Ally, aimed at overseeing several businesses under its umbrella. Among these are TicketSmarter and Kustom 440. TicketSmarter is renowned for its extensive offerings, providing tickets to over 125,000 live events, including concerts, sports, and theater productions across North America.

The Role of TicketSmarter

As an official ticket resale partner for numerous collegiate conferences and educational institutions, TicketSmarter has established itself as a leader in both primary and secondary ticketing solutions. This strategic position is expected to drive significant traffic and visibility for the newly combined entity post-merger.

Kustom 440’s Unique Proposition

Kustom 440, also part of Kustom Entertainment, aims to carve out a niche in the entertainment realm by managing and promoting events. This division will leverage established relationships with artists and venues, promising a vibrant offering in the live entertainment sector.

About Clover Leaf Capital Corp.

Clover Leaf Capital Corp. operates as a blank check company aiming to facilitate business combinations with firms seeking public market entry. The merger with Kustom Entertainment aligns with Clover Leaf's mission to create shareholder value while embracing innovative business ventures.

Contact Information

For additional information, stockholders can reach out to Stanton E. Ross, CEO, via the provided email addresses: Info@kustoment.com and Info@cloverlcc.com. Open lines of communication ensure that all inquiries receive the attention they deserve.

Frequently Asked Questions

What is Clover Leaf Capital's special meeting about?

The meeting aims to approve the proposed business combination with Kustom Entertainment, a newly formed subsidiary of Digital Ally.

When is the rescheduled meeting for stockholders?

The special meeting will take place on September 20, 2024, at 10:00 a.m. Eastern Time.

What should stockholders do if they have questions?

Stockholders can contact their brokers or reach out to Morrow Sodali LLC for assistance via e-mail.

What are the major components of Kustom Entertainment?

Kustom Entertainment consists of TicketSmarter and Kustom 440, focusing on ticketing services and live event management.

How can stockholders participate in the upcoming meeting?

Stockholders holding shares as of the record date on July 24, 2024, are entitled to vote during the meeting.

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