Schultze Special Purpose Acquisition Corp. II - SAMAU STOCK NEWS

Schultze Special Purpose Acquisition Corp. II (NASDAQ: SAMA) announced pending actions ahead of a special meeting on April 4, 2023. The meeting's primary agenda item is to vote on extending the deadline for completing an initial business combination from April 13 to October 13, 2023. If approved, all Class B common stock will convert to Class A stock on a one-for-one basis, increasing Class A shares by 4,125,000. The company's trust funds will remain in U.S. government treasury obligations. Schultze is focused on merging with businesses experiencing financial constraints, supported by its affiliate, Schultze Asset Management.

Schultze Special Purpose Acquisition Corp. II (NASDAQ: SAMAU) announced that starting November 29, 2021, holders of units from its IPO can trade Class A common stock and warrants separately. The Class A common stock will trade under symbol 'SAMA' and warrants under 'SAMAW.' Units that are not separated will continue under 'SAMAU.' The units were part of an underwritten offering managed by Stifel, Nicolaus & Company and Mizuho Securities. This announcement does not constitute an offer to sell or solicit offers to buy securities.

Schultze Special Purpose Acquisition Corp. II has successfully priced its initial public offering (IPO) of 15 million units at $10.00 each. Trading is set to begin on Nasdaq under the ticker symbol SAMAU on October 8, 2021, with the offering expected to close by October 13, 2021. Each unit includes one share of Class A common stock and half a redeemable warrant, which can be exercised for $11.50 per share. The underwriters hold a 45-day option to purchase an additional 2.25 million units. The company focuses on acquiring businesses facing financial challenges.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) completed its business combination with Clever Leaves International Inc. on December 18, 2020, for approximately $205 million. Following the merger, Clever Leaves Holdings Inc. has taken over SAMA, with its common shares and warrants now trading on Nasdaq under the symbols CLVR and CLVRW. The management of Clever Leaves, led by CEO Kyle Detwiler, will continue to operate the combined entity. This merger positions Clever Leaves for significant growth in the cannabis industry, backed by a stronger financial structure.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. announced their participation in upcoming investor conferences. Clever Leaves will present at the Benzinga Small Cap Conference on December 8, 2020, and at the LD Micro Main Event on December 14, 2020. A special stockholder meeting for SAMA to discuss their business combination with Clever Leaves will occur on December 17, 2020, with a potential closing date of December 18, 2020, pending approval and customary conditions.

On November 30, 2020, Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) announced that the SEC has approved its registration statement for a business combination with Clever Leaves International Inc. This merger will create a new entity, Clever Leaves Holdings Inc. SAMA's stockholders will vote on the merger during a special meeting on December 17, 2020. If approved, the merger may close on December 18, 2020, pending customary conditions. The integration aims to leverage Clever Leaves' global cannabis operations across various countries.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. announced a webinar on November 16, 2020, to discuss their pending merger. The transaction's enterprise value was reduced from $255 million to $206 million, and the minimum cash condition lowered to $26 million. Institutional investors committed over $10 million in a private placement, ensuring adequate capital. The merger is expected to close in Q4 2020, pending regulatory approvals.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. have amended their business combination agreement, reducing the enterprise value from $255 million to $206 million. The minimum cash condition for SAMA is now $26 million, down from $60 million. Institutional investors have committed over $10 million through a private placement. The transaction is expected to close in Q4 2020, enhancing shareholder value and aiming for a strong market position in the cannabis industry.