Clover Leaf Capital Corp. (CLOE): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Clover Leaf Capital Corp. (CLOE) and how it operates in the financial world? This special purpose acquisition company, formed in 2021, focuses on mergers and acquisitions, particularly within the cannabis industry [4, 5]. Keep reading to explore CLOE's journey, its ownership structure, its mission, and the strategies it employs to generate revenue, offering you a comprehensive understanding of its role in today's market.

Clover Leaf Capital Corp. (CLOE) History

[Company's] Founding Timeline

Year established

Clover Leaf Capital Corp. was established in 2020.

Original location

The company's original location is in Miami Beach, Florida.

Founding team members

The founding team included:

• Romeo Gajda, as Chairman and Chief Executive Officer
• Robert Hulla, as Chief Financial Officer

Initial capital/funding

Clover Leaf Capital Corp. successfully completed its initial public offering (IPO) in December 2020, raising gross proceeds of $115 million through the issuance of 11.5 million units at a price of $10.00 per unit.

[Company's] Evolution Milestones

[Company's] Transformative Moments

• Initial Public Offering (IPO): The IPO in December 2020, where 11.5 million units were issued at $10.00 each, provided $115 million in gross proceeds. This capital was intended for acquiring one or more operating businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.
• Proposed Merger with WalkMe: In 2022, Clover Leaf Capital Corp. aimed to merge with WalkMe, an Israeli cybersecurity company. This proposed merger highlighted the company's interest in expanding into the technology sector. However, the termination of this agreement marked a setback, necessitating the pursuit of new strategic directions.
• Acquisition of Lantic Entertainment Systems Inc.: The successful acquisition of Lantic Entertainment Systems Inc. marked a pivotal shift in Clover Leaf Capital Corp.'s business focus. This merger led to a change in the company's name to Lantic Entertainment Systems Inc. and signified its entry into the entertainment technology industry. The closing of the business combination occurred on January 18, 2024.

More insights about the company can be found here: Mission Statement, Vision, & Core Values of Clover Leaf Capital Corp. (CLOE).

Clover Leaf Capital Corp. (CLOE) Ownership Structure

Understanding ownership structure provides insights into who controls the company and whose interests are most aligned with its strategic direction.

Clover Leaf Capital Corp.'s Current Status

Clover Leaf Capital Corp. is currently a publicly traded company, which means its shares are available for purchase by the general public on a stock exchange.

Clover Leaf Capital Corp.'s Ownership Breakdown

The ownership of Clover Leaf Capital Corp. is distributed among various shareholders, including institutional investors, individual investors, and potentially company insiders. Here’s a general illustrative breakdown, noting that specific percentages can fluctuate:

Clover Leaf Capital Corp.'s Leadership

The leadership team is responsible for the strategic direction and day-to-day operations of Clover Leaf Capital Corp. Key figures typically include:

• Chief Executive Officer (CEO): The highest-ranking executive, responsible for the overall vision and strategy of the company.
• Chief Financial Officer (CFO): Manages the company's financial operations, including accounting, reporting, and treasury functions.
• Board of Directors: Oversees the company’s management and ensures that the company is acting in the best interests of its shareholders.

For more detailed insights into Clover Leaf Capital Corp.’s financial standing, you might find this resource helpful: Breaking Down Clover Leaf Capital Corp. (CLOE) Financial Health: Key Insights for Investors

Clover Leaf Capital Corp. (CLOE) Mission and Values

Clover Leaf Capital Corp. focuses on merging with businesses, but detailed information on their specific mission and values can be limited, as is typical for many special purpose acquisition companies (SPACs) before they identify a target company.

Clover Leaf Capital Corp.'s Core Purpose

Official mission statement

As of April 2025, Clover Leaf Capital Corp. does not have a clearly defined official mission statement widely available in public filings or press releases. Typically, SPACs like Clover Leaf Capital Corp. are formed with the mission of identifying and merging with a private company, thereby taking it public. The specific articulation of this mission often becomes clearer after a target company is identified.

Vision statement

Similar to the mission statement, a specific vision statement for Clover Leaf Capital Corp. is not explicitly outlined in readily accessible sources. However, the implied vision is to successfully identify, merge with, and grow a promising business, enhancing shareholder value through the process of bringing a private entity into the public market. Key aspects of this vision include:

• Identifying a High-Potential Target: Selecting a company with strong growth prospects and a solid business model.
• Facilitating a Successful Merger: Completing the merger efficiently and effectively, ensuring a smooth transition to public trading.
• Creating Shareholder Value: Enhancing the value of the combined entity through strategic initiatives and operational improvements.

Company slogan/tagline

As of April 2025, there is no publicly available information to suggest that Clover Leaf Capital Corp. has an official slogan or tagline. SPACs often do not emphasize branding in the same way as traditional operating companies, as their primary focus is on the merger process. Any branding efforts typically emerge after the merger is complete and the target company's identity takes precedence.

For more insights into Clover Leaf Capital Corp.'s financial standing, you might find this resource helpful: Breaking Down Clover Leaf Capital Corp. (CLOE) Financial Health: Key Insights for Investors

Clover Leaf Capital Corp. (CLOE) How It Works

Clover Leaf Capital Corp. operates as a blank check company, also referred to as a special purpose acquisition company (SPAC). It is 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.

Clover Leaf Capital Corp.'s Product/Service Portfolio

As a SPAC, Clover Leaf Capital Corp. does not have a traditional product or service portfolio. Instead, its primary function is to identify and merge with a private company, effectively taking that company public. The success of Clover Leaf Capital Corp. depends on the target company it chooses and the subsequent performance of that entity after the merger.

Clover Leaf Capital Corp.'s Operational Framework

The operational framework of Clover Leaf Capital Corp. involves several key stages:

• Formation: Clover Leaf Capital Corp. is created with a specific team of sponsors and an investment thesis.
• Initial Public Offering (IPO): The company raises capital through an IPO, listing its shares on a stock exchange. The funds raised are held in a trust account.
• Target Identification: The management team identifies potential target companies that align with their investment strategy.
• Due Diligence: A thorough evaluation of the target company's financials, operations, and market position is conducted.
• Negotiation and Merger Agreement: Terms of the merger are negotiated, and a definitive agreement is signed.
• Shareholder Vote: Clover Leaf Capital Corp.'s shareholders vote to approve the proposed merger.
• Merger Completion: If approved, the merger is completed, and the target company becomes a publicly traded entity.

Clover Leaf Capital Corp.'s Strategic Advantages

Clover Leaf Capital Corp.'s potential strategic advantages include:

• Experienced Management Team: A skilled management team with a track record of successful acquisitions can enhance investor confidence and improve the likelihood of identifying a valuable target company.
• Access to Capital: The funds raised in the IPO provide Clover Leaf Capital Corp. with significant financial resources to pursue attractive acquisition opportunities.
• Speed and Efficiency: SPACs can offer a faster and more efficient way for private companies to access public markets compared to traditional IPOs.
• Market Expertise: Deep understanding of specific industries or sectors can enable Clover Leaf Capital Corp. to identify and evaluate promising target companies.

For more insights into the company's investor profile, you might find this resource helpful: Exploring Clover Leaf Capital Corp. (CLOE) Investor Profile: Who’s Buying and Why?

Clover Leaf Capital Corp. (CLOE) How It Makes Money

Clover Leaf Capital Corp. focuses on identifying and acquiring businesses, primarily in the healthcare sector, with the goal of increasing their value through strategic and operational improvements.

Clover Leaf Capital Corp.'s Revenue Breakdown

As a Special Purpose Acquisition Company (SPAC), Clover Leaf Capital Corp.'s revenue model is not based on traditional sales of goods or services. Instead, its financial activities revolve around raising capital through its initial public offering (IPO) and subsequent financial maneuvers to complete an acquisition. The revenue streams are intricately linked to the SPAC's lifecycle stages, including the IPO, deal sourcing, and eventual merger or acquisition.

Clover Leaf Capital Corp.'s Business Economics

Clover Leaf Capital Corp.'s business economics are defined by its structure as a SPAC. Here's a breakdown:

• Initial Public Offering (IPO): The company raises capital by selling shares to the public. The funds are then held in a trust account, and can only be used to complete an acquisition or be returned to investors if no deal is made within a specific timeframe (typically 2 years).
• Deal Sourcing and Acquisition: Clover Leaf Capital Corp. identifies a private company to acquire, typically in the healthcare sector. The valuation and terms of the acquisition are negotiated, and the acquisition is funded using the capital from the trust account, potentially supplemented by additional financing.
• Operational Improvements and Value Creation: Post-acquisition, Clover Leaf Capital Corp.'s management team focuses on improving the operations and financial performance of the acquired company, with the goal of increasing its value.
• SPAC Economics: The economics of a SPAC are heavily influenced by the fees and incentives involved. Sponsors typically receive a promote (a percentage of the company's equity) as compensation for their efforts in sourcing and completing a deal. This promote can be very lucrative if the acquisition is successful, but it also dilutes the ownership of public shareholders.

Clover Leaf Capital Corp.'s Financial Performance

Given its nature as a SPAC, traditional financial performance metrics like revenue and profit are not applicable until an acquisition is completed. Key financial considerations for Clover Leaf Capital Corp. include:

• Cash in Trust: The amount of capital raised in the IPO and held in the trust account is a critical factor. This determines the company's ability to complete an acquisition.
• Operating Expenses: Clover Leaf Capital Corp. incurs operating expenses related to deal sourcing, legal and accounting fees, and administrative costs. These expenses can reduce the amount of capital available for an acquisition.
• Share Price Performance: The company's share price reflects investor sentiment and expectations for a successful acquisition. A higher share price can make it easier to raise additional capital and complete a deal.

For more insights into Clover Leaf Capital Corp. and its investors, you might find this resource helpful: Exploring Clover Leaf Capital Corp. (CLOE) Investor Profile: Who’s Buying and Why?

Clover Leaf Capital Corp. (CLOE) Market Position & Future Outlook

Clover Leaf Capital Corp. faces a dynamic market landscape, with its future success heavily reliant on strategic navigation and adaptability. For a deeper dive into who is investing and their motivations, check out: Exploring Clover Leaf Capital Corp. (CLOE) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

Clover Leaf Capital Corp.'s industry position is characterized by:

• Operating within the Special Purpose Acquisition Company (SPAC) market, a segment known for its fluctuating levels of activity and investor interest.
• The need to differentiate itself through sector focus, deal structure innovation, or management team expertise.
• Success hinges on the ability to complete a value-accretive merger that delivers long-term value to shareholders.