Miami, FL, July 19, 2022 (GLOBE NEWSWIRE) — 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
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