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Kustom Entertainment Inc. And Clover Leaf Capital Corp. Amend The Lock-Up Agreement In Their Proposed Business Combination

Benzinga · Dec 12, 2023 08:41

CLOEU +0.00% CLOE +0.25% DGLY +9.95%

Digital Ally, Inc. (NASDAQ:DGLY) ("Digital Ally") and Clover Leaf Capital Corp. (NASDAQ:CLOE) ("CLOE"), a publicly traded special purpose acquisition company (SPAC), and Kustom Entertainment, Inc. ("Kustom Entertainment"), a wholly-owned subsidiary of Digital Ally, today announced that CLOE and Kustom Entertainment have entered into an amendment to the Lock-Up Agreement ("Amended Lock-Up Agreement") in connection with the proposed business combination (the "Business Combination") between CLOE and Kustom Entertainment announced June 2, 2023.

The original Lock-Up Agreement ("Original Lock-Up Agreement") was made and entered into as of June 1, 2023 in connection with the proposed Business Combination, in which...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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