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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的全资子公司Kustom Entertainment与Clover Leaf Capital Corp. 签订业务合并协议;该交易预计库斯通娱乐的股权价值为1.25亿美元
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 将提供 库斯托姆 娱乐 Inc.,a 全资拥有 Digital Ally Inc.(纳斯达克股票代码:DGLY)的子公司, 有能力成为一个独立的实体,其重点和使命是拥有和制作活动、节日和娱乐活动,以及不断发展的主要和次要票务技术。

  • 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
  • 库斯托姆 娱乐 Inc. 是一个 全资拥有 数字盟友的子公司 Inc.,由以下部分组成 TicketsMarter库斯托姆 440,均为电流ly 全资子公司
  • The 预计交易将 创建一个公开交易的实体 专注于现场活动和伴奏音乐会制作 TicketsMarter's 提供主要和次要票务的能力 选项
  • 该交易预计股权价值为1.25亿美元 库斯托姆 娱乐公司
    • 合并后的公司的隐含初始预计股本价值约为美元222.2 百万,拟议的业务合并预计将提供约美元18.1 来自信托现金的总收益为百万美元 三叶草资本公司,假设没有赎回 以及根据截至本日信托持有的每股可赎回股份的价值得出的11.14美元的股价 公告
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