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Kustom Entertainment, A Wholly-Owned Subsidiary Of Digital Ally, Enters Into Business Combination Agreement With Clover Leaf Capital Corp.; The Transaction Contemplates An Equity Value Of $125M For Kustom Entertainment

Kustom Entertainment, A Wholly-Owned Subsidiary Of Digital Ally, Enters Into Business Combination Agreement With Clover Leaf Capital Corp.; The Transaction Contemplates An Equity Value Of $125M For Kustom Entertainment

Digital Ally的全資子公司Kustom Entertainment與Clover Leaf Capital Corp. 簽訂業務合併協議;該交易預計庫斯通娛樂的股權價值爲1.25億美元
Benzinga ·  2023/06/02 08:57

Transaction will provide Kustom Entertainment, Inc., a wholly-owned subsidiary of Digital Ally Inc. (NASDAQ:DGLY), the ability to be a stand-alone entity with a focus and mission to own and produce events, festivals, and entertainment alongside its evolving primary and secondary ticketing technologies.

T交易 將提供 庫斯托姆 娛樂 Inc.,a 全資擁有 Digital Ally Inc.(納斯達克股票代碼:DGLY)的子公司, 有能力成爲一個獨立的實體,其重點和使命是擁有和製作活動、節日和娛樂活動,以及不斷髮展的主要和次要票務技術。

  • Kustom Entertainment, Inc. is a wholly owned subsidiary of Digital Ally, Inc. and is comprised of TicketSmarter and Kustom 440, both currently wholly owned subsidiaries
  • The transaction is expected to create a publicly traded entity focused on live event and concert production to accompany TicketSmarter's ability to offer primary and secondary ticketing options
  • The transaction contemplates an equity value of $125 million for Kustom Entertainment, Inc.
    • Combined company to have an implied initial pro forma equity value of approximately $222.2 million, with the proposed business combination expected to provide approximately $18.1 million in gross proceeds from the cash held in trust by Clover Leaf Capital Corp., assuming no redemptions and an $11.14 share price based on the value per redeemable share held in trust as of the date of this announcement
  • 庫斯托姆 娛樂 Inc. 是一個 全資擁有 數字盟友的子公司 Inc.,由以下部分組成 TicketsMarter庫斯托姆 440,均爲電流ly 全資子公司
  • The 預計交易將 創建一個公開交易的實體 專注於現場活動和伴奏音樂會製作 TicketsMarter's 提供主要和次要票務的能力 選項
  • 該交易預計股權價值爲1.25億美元 庫斯托姆 娛樂公司
    • 合併後的公司的隱含初始預計股本價值約爲美元222.2 百萬,擬議的業務合併預計將提供約美元18.1 來自信託現金的總收益爲百萬美元 三葉草資本公司,假設沒有贖回 以及根據截至本日信託持有的每股可贖回股份的價值得出的11.14美元的股價 公告
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