Clover Leaf Capital Corp. Delays Stockholder Meeting Date
Clover Leaf Capital Corp. Postpones Special Meeting
Clover Leaf Capital Corp. (Nasdaq: CLOE) has announced the postponement of its special stockholder meeting originally set for a different date. This meeting is crucial as it pertains to the approval of the proposed business combination with Kustom Entertainment, Inc., which is a significant step for the company.
Details of the Postponed Meeting
The special meeting, in lieu of Cubing's 2024 Annual Meeting of Stockholders, will now occur at 4:30 p.m. Eastern Time on September 5, 2024. During the meeting, stockholders will vote on various proposals, including approval of the business merger with Kustom Entertainment.
Meeting Logistics
The meeting will be conducted via a live webcast. Stockholders will continue to have the opportunity to submit proxies and vote on the proposals included in the agenda. The record date for participation in this meeting remains July 24, 2024. Clover Leaf encourages all stockholders to stay engaged in this critical process.
Implications for Stockholders
With this postponement, any holders of Clover Leaf's Class A common stock will now have until September 3, 2024, to submit their shares for redemption concerning the business combination with Kustom Entertainment. This extension is intended to ensure that stockholders have ample time to consider their options before the meeting.
Assistance for Stockholders
Clover Leaf is committed to assisting its stockholders and encourages anyone with questions to reach out either through their brokers or directly to their proxy solicitor, Morrow Sodali LLC. They can be contacted via email or a toll-free phone number provided during the announcement.
The Role of Kustom Entertainment, Inc.
Kustom Entertainment, Inc. is a newly formed subsidiary of Digital Ally, Inc. and is integral in overseeing various entertainment ventures, including TicketSmarter and Kustom 440. These subsidiaries are well-positioned to leverage their existing relationships within the industry to foster further growth and development.
TicketSmarter's Significance
TicketSmarter is particularly notable as it provides access to a vast range of live events across North America, partnering with numerous colleges and universities nationwide. This partnership is not only strategic but also indicative of how Kustom Entertainment is aiming to expand its footprint in the ticketing as well as the entertainment industry.
About Clover Leaf Capital Corp.
Founded as a blank check company, Clover Leaf Capital Corp. aims to execute mergers and business combinations to capitalize on emerging growth opportunities. The proposed merger with Kustom Entertainment represents a pivotal step in their strategy to enhance value for their shareholders.
Company Contact Information
For any inquiries, stockholders can reach out to Stanton E. Ross, CEO. Interested parties can contact via the email provided during the announcement or feel free to reach Clover Leaf at their official contact addresses.
Frequently Asked Questions
What is the new date for the special meeting?
The special meeting has been postponed to 4:30 p.m. Eastern Time on September 5, 2024.
What will be discussed at the meeting?
Stockholders will vote on the proposed business combination with Kustom Entertainment, among other proposals.
How can stockholders participate in the meeting?
Stockholders can participate via a live webcast and are encouraged to submit their proxies in advance of the meeting.
What is the deadline for stockholders to submit their shares for redemption?
The new deadline for redemption submissions is now 5:00 p.m. Eastern Time on September 3, 2024.
How can stockholders get assistance if needed?
Clover Leaf encourages stockholders having questions to contact Morrow Sodali LLC for assistance or reach out to their brokers.
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