Clover Leaf Capital Corp.: insider trades · United States · SEC (Form 4)

About Clover Leaf Capital Corp.

Clover Leaf Capital Corp. is a United States-listed company that was originally structured as a special purpose acquisition company (SPAC) on the Nasdaq market. It was formed in 2021 in the State of Delaware and completed its initial public offering on July 22, 2021. SEC filings show a Miami, Florida business address, which places the company within the U.S. capital-markets ecosystem rather than within a conventional operating-industry footprint.([sec.gov](https://www.sec.gov/Archives/edgar/data/1849058/000121390024069635/ea0210493-10q_clover.htm)) At inception, Clover Leaf stated that it intended to focus on businesses in the cannabis industry, while retaining the flexibility to pursue a business combination in any industry or geographic region. In practice, that meant Clover Leaf was not a traditional operating company with recurring product revenue; before completing a business combination, it had no operating business and no operating revenues. Its activity was centered on formation, fundraising, trust-account management, and merger search execution. The company’s sponsor was Yntegra Capital Investments, LLC.([sec.gov](https://www.sec.gov/Archives/edgar/data/1849058/000121390024069635/ea0210493-10q_clover.htm)) From a competitive standpoint, Clover Leaf should be viewed as a capital-markets vehicle rather than a product company. Its success depended on sourcing and closing an attractive transaction, while navigating the usual SPAC risks: redemption pressure, timing constraints, regulatory deadlines, and stock-market volatility. For investors, that distinction matters. The value proposition was driven more by deal execution and merger terms than by organic growth, margins, or product rollout.([sec.gov](https://www.sec.gov/Archives/edgar/data/1849058/000121390024069635/ea0210493-10q_clover.htm)) Recent developments are material. In June 2023, Clover Leaf entered into a merger agreement involving Kustom Entertainment, a Digital Ally subsidiary focused on live events, concert production, and ticketing. In August 2024, Clover Leaf announced that its S-4 registration statement had been declared effective by the SEC and that a special stockholder meeting was scheduled for August 20, 2024 to vote on the proposed business combination. However, Nasdaq later announced that Clover Leaf’s Class A common stock, units, and rights would be delisted in January 2025 after the company failed to complete a business combination within the applicable 36-month deadline.([sec.gov](https://www.sec.gov/Archives/edgar/data/1849058/000121390024065260/ea021063702ex99-1_clover.htm)) For French-speaking investors, the key takeaway is that Clover Leaf Capital Corp. was a U.S. Nasdaq SPAC, not a classic operating issuer. Its business profile, market relevance, and investment case were defined primarily by transaction execution, listing status, and merger outcomes rather than by end-market demand for goods or services.([sec.gov](https://www.sec.gov/Archives/edgar/data/1849058/000121390024069635/ea0210493-10q_clover.htm))