Brief: Kustom Entertainment And Clover Leaf Capital Amend The Lock-Up Agreement In Their Proposed Business Combination

Clover Leaf Capital

12/12/2023 13:41

Dec 12 (Reuters) - Clover Leaf Capital Corp  CLOE.O :
    * KUSTOM ENTERTAINMENT INC. AND CLOVER LEAF CAPITAL CORP.
AMEND
THE LOCK-UP AGREEMENT IN THEIR PROPOSED BUSINESS COMBINATION
    * DIGITAL ALLY-UNDER AMENDED DEAL ENTERED INTO DEC 11, CO TO
IMMEDIATELY DISTRIBUTE 20% OF ALL SECURITIES RECEIVED AS MERGER
CONSIDERATION
    * DIGITAL ALLY -UNDER AMENDED LOCK-UP DEAL, CO TO DISTRIBUTE
80%
OF ALL SECURITIES RECEIVED AS MERGER CONSIDERATION SUBJECT TO
6-MONTH LOCK-UP PERIOD

Source text for Eikon:  ID:nGNXbnvzyp 
Further company coverage:  CLOE.O 

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