Clover Leaf Capital Corp. (CLOE) announced on September 27, 2024, that it adjourned its special meeting of stockholders, which was convened to vote on the proposed business combination with Kustom Entertainment, Inc., a wholly-owned subsidiary of Digital Ally. The meeting was postponed to October 11, 2024, without conducting other business.
This adjournment also resulted in an extension of the deadline for holders of Clover Leaf’s Class A common stock to submit their shares for redemption in connection with the Business Combination, moving it to October 9, 2024. The record date for stockholders to vote remained July 24, 2024.
Kustom Entertainment, Inc. oversees TicketSmarter, Kustom 440, and BirdVu Jets, and the proposed merger aimed to combine their management teams to focus on concerts, entertainment, and ticketing partnerships. Subsequent adjournments further delayed the meeting to October 18, 2024, and then to November 8, 2024, extending the redemption deadline to November 6, 2024.
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