Clover Leaf Capital Corp. (CLOEU) Prices $125M IPO


Clover Leaf Capital Corp. (CLOEU) Prices $125M IPO

Jul 19, 2021 IPOs by Marlena Haddad

Clover Leaf Capital Corp. announced the pricing of its $125 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CLOEU” Tuesday, July 20.

The new SPAC aims to combine with a U.S. based cannabis company that has an enterprise value of $200 million or more. Clover Leaf Capital is led by Chairman, President, and CEO Felipe MacLean, COO and Secretary Chris Rebentisch, and CFO and Treasurer Luis Guerra.

Total SPAC deal count for 2021 year-to-date is now 376. This offering is expected to close on Thursday, July 22.

Maxim Group LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.