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SPAC · Merger completed

Schultze Special Purpose Acquisition Corp.

Business combination with Clever Leaves Holdings Inc.

Schultze Special Purpose Acquisition Corp. is a blank-check company (SPAC) that raised $130M in its initial public offering on Dec 12, 2018, listing on Nasdaq Capital Market. It completed its business combination with Clever Leaves Holdings Inc. on Dec 18, 2020; the combined company is Clever Leaves Holdings Inc. (CLVR). Algoma Steel led the IPO, with Chrysler and Fabrikant. Greenberg Traurig advised the SPAC and Graubard Miller advised the underwriters on the IPO.

Status
Merger completed
IPO date
Dec 12, 2018
IPO size
$130M
IPO exchange
Nasdaq Capital Market
Target
Clever Leaves Holdings Inc.
Announced
Jul 29, 2020
Closed
Dec 18, 2020
Combined company
Clever Leaves Holdings Inc. (CLVR)
IPO underwriters
Algoma Steel, Chrysler, Fabrikant, Imperial Sugar Company, International Coal, Tropicana Entertainment, Washington, Evercore ISI and Executive Chairman of Hylan
SPAC counsel (IPO)
Greenberg Traurig
Underwriters' counsel (IPO)
Graubard Miller

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