CLOVER LEAF CAPITAL UTS - CLOEU STOCK NEWS

Digital Ally and Clover Leaf Capital Corp. announce the filing of a registration statement for a proposed business combination with Kustom Entertainment. The equity value of Kustom Entertainment is $125 million, and the combined company is expected to have an implied initial pro forma equity value of approximately $222.2 million. The proposed business combination is expected to provide approximately $18.1 million in gross proceeds. Digital Ally will distribute 15% of its shares in the combined company to its shareholders immediately following closing.

Clover Leaf Capital Corp. has filed an amended and restated filing statement for its acquisition of North Shore Energy Metals Ltd. The transaction is expected to close on October 31, 2023. The addition of new claims to its portfolio will increase the size of the Falcon property to 55,700 hectares. Investors are encouraged to review the filing statement and updated Falcon Report for detailed information.

Clover Leaf Capital Corp. reduces equity offering from $5,000,000 to $2,200,000 for concurrent financing with Qualifying Transaction with North Shore Energy Metals Ltd.

Clover Leaf Capital Corp. has extended the deadline for its qualifying transaction with North Shore Energy Metals from April 30, 2023, to June 30, 2023. The Company will also provide a secured credit facility up to $250,000 to assist North Shore Energy with property acquisition payments and working capital needs. The credit facility will bear interest at 7% per annum and is repayable if the transaction does not close by the new deadline. Completion of the transaction remains subject to regulatory approval and shareholder consent, and there is no guarantee it will proceed as planned.

Clover Leaf Capital Corp. has mailed a definitive proxy statement to its shareholders regarding a special meeting scheduled for October 19, 2022. The meeting aims to approve an extension for the completion of an initial business combination until July 22, 2023. If approved, Yntegra Capital Investments will provide a loan of $1,383,123 to support the extension. The redemption amount per share will vary based on the percentage of public shares remaining after redemptions, with estimates indicating a potential increase from the current redemption amount of $10.25 per share.

Clover Leaf Capital Corp. (Nasdaq: CLOE, CLOEU, CLOER) announced that September 23, 2022, is the record date for its upcoming special meeting of stockholders. The meeting will seek approval to amend the company's charter, extending the deadline for completing a business combination from October 22, 2022, to July 22, 2023. Stockholders as of the record date can vote on this proposal. A definitive proxy statement regarding this meeting will be mailed once finalized.