Clover Leaf Capital Corp. Delays Stockholders' Meeting
Clover Leaf Capital Corp. Delays Stockholders' Meeting
In a recent announcement, Clover Leaf Capital Corp. (NASDAQ: CLOE), a distinguished special purpose acquisition company, has made the decision to postpone its special meeting of stockholders originally set for September 2024. This meeting is crucial as it aims to deliberate on the proposed initial business combination with Kustom Entertainment, Inc.
New Meeting Details
The rescheduled meeting will now take place at 10:00 a.m. Eastern Time on September 17, 2024. It will be conducted via a live webcast, allowing stockholders the convenience of participating from anywhere. The main agenda will include voting on the approval of the business combination with Kustom Entertainment, as outlined in the Merger Agreement involving multiple parties such as Digital Ally, Inc.
Voting Proposals at the Meeting
At this meeting, stockholders will be presented with several key proposals, including the approval of the merger with Kustom Entertainment. There will be no changes to the meeting's location or the agenda initially set. Clover Leaf encourages its stockholders to remain engaged and prepare for the meeting to ensure their voices are heard.
Redemption Deadline Extended
With this delay, the deadline for shareholders holding Clover Leaf's Class A common stock to submit their shares for redemption has also been extended. Investors now have until 5:00 p.m. Eastern Time on September 13, 2024, to make their submissions. The record date for stockholders eligible to vote remains July 24, 2024.
Proxy Solicitation Efforts
Clover Leaf remains committed to actively soliciting proxies in the lead-up to the postponed meeting. Only those stockholders who held common stock as of the closing on the record date will be eligible to cast their votes during the meeting.
Requesting Assistance
Stockholders needing assistance with questions regarding the meeting or the voting process are encouraged to contact their broker. Additionally, Morrow Sodali LLC, Clover Leaf's proxy solicitor, is available for support via email or toll-free call. This service aims to assist stockholders in navigating the upcoming meeting easily.
About Kustom Entertainment
Kustom Entertainment, Inc. serves as a wholly-owned subsidiary of Digital Ally and is central to the upcoming merger with Clover Leaf. This entity is responsible for managing several subsidiaries, including TicketSmarter, which provides access to a wide array of live events.
TicketSmarter's Role
TicketSmarter stands out as a primary ticketing solution, connecting fans with numerous events, from concerts to theater shows. The platform acts as the official ticket resale partner for many collegiate conferences and universities. This integration with Kustom Entertainment solidifies TicketSmarter's position in the ticketing industry.
About Clover Leaf Capital Corp.
Clover Leaf Capital Corp. is structured as a blank check company designed to effectuate mergers and similar business combinations. As they aim to complete the merger with Kustom Entertainment, the company looks forward to leveraging its position in the market to provide added value.
Frequently Asked Questions
What is the new date for Clover Leaf's stockholders' meeting?
The stockholders' meeting has been rescheduled for September 17, 2024, at 10:00 a.m. Eastern Time.
Why was the stockholders' meeting postponed?
The meeting was postponed to allow more time for stockholders to consider the proposals, particularly the business combination with Kustom Entertainment.
What is the purpose of the upcoming meeting?
The primary purpose of the meeting is to vote on the proposed initial business combination with Kustom Entertainment.
How can stockholders vote?
Stockholders can vote during the meeting, provided they hold eligible shares as of the record date, July 24, 2024.
Who do I contact for assistance regarding the meeting?
Stockholders can contact their broker or reach out to Morrow Sodali LLC for any assistance they may need.
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