Clover Leaf Capital Corp. Confirms Funding and Extension of Deadline to Complete Initial Business Combination
19 Julio 2022 - 3:15PM
Clover Leaf Capital Corp. (NASDAQ: CLOEU) (the “Company”) announced
today that its sponsor, Yntegra Capital Investments, LLC (the
“Sponsor”), has caused to be deposited an aggregate of $1,383,123
(representing $0.10 per public share) (the “Extension Payment”)
into the Company’s trust account for its public stockholders. This
deposit enables the Company to extend the date by which the Company
has to complete its initial business combination from July 22, 2022
to October 22, 2022 (the “Extension”). The Extension is the first
of three three-month extensions permitted under the Company’s
governing documents.
The Sponsor loaned the Extension Payment to the
Company, up to $1,383,123 of which loan is convertible, at the
Sponsor’s discretion, into units identical to the units issued in
the Company’s private placement that was consummated in connection
with the Company’s initial public offering.
About Clover Leaf Capital Corp.
Clover Leaf Capital Corp. is an 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.
Contact:
Felipe MacLeanClover Leaf Capital Corp.c/o Yntegra Capital
Investments, LLC1450 Brickell Avenue, Suite 2520Miami, FL
33131Telephone: (305) 577-0031
Clover Leaf Capital (NASDAQ:CLOE)
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