Clover Leaf Capital Corp. Announces the Separate Trading of its Class A Common Stock and Rights Commencing September 9, 2021
Rhea-AI Summary
Clover Leaf Capital Corp. (NASDAQ: CLOEU) announces that starting September 9, 2021, holders of its initial public offering units can separately trade Class A common stock and rights. The IPO, completed on July 22, 2021, included 13,831,230 units. The separated Class A common stock will trade under the symbol CLOE, while rights will trade as CLOER. Units that are not separated will continue trading under CLOEU. This move facilitates greater trading flexibility for investors, although no fractional rights will be issued.
Positive
- Investors can now separately trade Class A common stock and rights, providing increased trading flexibility.
- The IPO raised funds through 13,831,230 units, enhancing the company's capital position.
Negative
- None.
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NEW YORK, NY, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Clover Leaf Capital Corp. (NASDAQ: CLOEU) (the “Company”) today announced that, commencing September 9, 2021, holders of the units sold in the Company’s initial public offering of 13,831,230 units completed on July 22, 2021, may elect to separately trade the shares of the Company’s Class A common stock (“Class A Common Stock”) and rights included in the units. No fractional rights will be issued upon separation of the units and only whole rights will trade. Class A common stock and rights that are separated will trade on the Nasdaq Capital Market under the symbols “CLOE” and “CLOER,” respectively. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol “CLOEU.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Clover Leaf Capital Corp.
Clover Leaf Capital Corp. is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Felipe MacLean
Clover Leaf Capital Corp.
c/o Yntegra Capital Investments, LLC
1450 Brickell Avenue, Suite 2520
Miami, FL 33131
Telephone: (305) 577-0031
