secwatch.observer — SEC 8-K summary
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Issuer:     Clover Leaf Capital Corp. (—)
CIK:        0001849058
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001213900-23-032506
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clover Leaf Capital receives two Nasdaq deficiency letters for public shares and MVLS
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- On April 19, 2023, Nasdaq notified Clover Leaf it no longer meets the minimum 500,000 publicly held shares requirement (Rule 5550(a)(4)).
- Company has 45 days, until June 5, 2023, to submit a plan to regain compliance with the public shares requirement.
- On April 21, 2023, Nasdaq notified that Market Value of Listed Securities was below $35M minimum for 30 consecutive business days (Rule 5550(b)(2)).
- Company has 180 days, until October 18, 2023, to regain MVLS compliance by closing at $35M or more for 10 consecutive business days.
- Deficiencies have no immediate effect on listing; company intends to monitor and consider available options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849058/000121390023032506/0001213900-23-032506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849058/000121390023032506/ea177451-8k_cloverleaf.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-032506

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