Welcome to our dedicated page for Schultze Special Purpose Acquisition II news (Ticker: SAMAW), a resource for investors and traders seeking the latest updates and insights on Schultze Special Purpose Acquisition II stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Schultze Special Purpose Acquisition II's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Schultze Special Purpose Acquisition II's position in the market.
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.
Schultze Special Purpose Acquisition Corp. (NASDAQ:SAMA, SAMAW, SAMAU) and Clever Leaves International Inc. will present at the 9th Annual Gateway Conference on September 9, 2020, at 11:00 a.m. PT. The virtual conference allows investors to engage directly with company management through presentations and Q&As. Clever Leaves, a multi-national cannabis company, aims for sustainable growth and compliance with legal standards globally. The PR emphasizes upcoming meetings for investor engagement and the significance of the transaction for shareholders.
