Clover Leaf Capital extends deadline for business combination to Jan 22, 2024; approves conversion and redemption

Clover Leaf Capital Corp.

Stockholders approved extension of initial business combination deadline from July 22, 2023 to January 22, 2024.
376,002 shares redeemed from trust at ~$11.20/share, removing ~$4.2M; trust now ~$14.0M.
Sponsor converted 3,457,806 Class B shares into Class A, now holds ~68.3% of Class A stock.
Company to deposit up to $360,000 in monthly installments of $60,000 into trust to fund extension.
Stockholders ratified Marcum LLP as independent auditor for FY2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Clover Leaf Capital Corp.: Extended the deadline for the Company to consummate an initial business combination from July 22, 2023 to January 22, 2024 (effective 2023-07-20).

Change: charter amendment
Effective: 2023-07-20

Exact text from the filing

At the Meeting, the Company’s stockholders approved an amendment (the “ Extension Amendment ”) to the Company’s amended and restated certificate of incorporation to extend the date by which the Company must consummate its initial business combination from July 22, 2023 to January 22, 2024, or such earlier date as determined by the Company’s board of directors (the “ Extension ”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clover Leaf Capital Corp. shareholders approved Conversion Amendment Proposal.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal No. 2 – Conversion Amendment For Against Abstain Broker Non-Votes 3,457,807 - - -

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clover Leaf Capital Corp. shareholders approved Extension Amendment Proposal.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal No. 1 – Extension Amendment For Against Abstain Broker Non-Votes 5,759,461 273 - -

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clover Leaf Capital Corp. shareholders approved Auditor Ratification Proposal.

Proposal: auditor ratification
Outcome: passed

Exact text from the filing

Proposal No. 3 – Auditor Ratification For Against Abstain Broker Non-Votes 5,759,461 273 - -

View on SEC.gov

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Source: SEC EDGAR

accession 0001213900-23-058926

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