Clover Leaf Capital Corp. (CLOE): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la inversión, Clover Leaf Capital Corp. (Cloe) emerge como una potencia estratégica, transformando paisajes financieros complejos en oportunidades lucrativas. Al crear meticulosamente un modelo de negocio sofisticado que combina estrategias de inversión de vanguardia con profundas ideas del mercado, Cloe se ha posicionado como un jugador formidable en el ámbito de alto riesgo de la gestión de capital. Su enfoque innovador se dirige a inversores sofisticados que buscan alto potencial Vías de inversión en los mercados emergentes, que prometen no solo los rendimientos, sino una experiencia integral de inversión basada en datos que los distingue en el ecosistema financiero competitivo.

Clover Leaf Capital Corp. (Cloe) - Modelo de negocios: asociaciones clave

Bancos de inversión y firmas de asesoramiento financiero

Clover Leaf Capital Corp. mantiene asociaciones estratégicas con instituciones financieras para apoyar sus actividades de inversión.

Institución asociada	Enfoque de asociación	Valor de colaboración estimado
Raymond James Financial	Aviso de banca de inversión	Compromiso anual de $ 2.5 millones
Genuidad de canaccord	Apoyo a los mercados de capitales	$ 1.8 millones de colaboración anual

Capital de riesgo y redes de capital privado

La Compañía aprovecha las extensas redes para el abastecimiento de acuerdos y las oportunidades de inversión.

• Y red de socios combinadores
• TechStars Venture Capital Connections
• 500 Startups Global Network

Consultores de cumplimiento regulatorio

Las asociaciones de cumplimiento aseguran la adherencia a las regulaciones financieras y los estándares de informes.

Socio de cumplimiento	Alcance del servicio	Valor anual del contrato
Asesoramiento regulatorio de Deloitte	Sec y cumplimiento financiero	Retenador anual de $ 750,000
KPMG Gestión de riesgos financieros	Evaluación de riesgos regulatorios	Compromiso anual de $ 450,000

Proveedores de tecnología y análisis de datos

Las asociaciones de tecnología estratégica mejoran la investigación de inversiones y las capacidades de toma de decisiones.

• Licencia de Enterprise Terminal Bloomberg
• Sistemas de investigación de datos
• Plataforma profesional S&P Capital IQ

Socio tecnológico	Plataforma/servicio	Inversión tecnológica anual
Bloomberg LP	Terminal de datos financieros	$ 180,000 suscripción anual
Investigación de hechos	Plataforma de análisis financiero	Licencia anual de $ 220,000

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: actividades clave

Gestión de la cartera de inversiones

A partir del cuarto trimestre de 2023, Clover Leaf Capital Corp. administra una cartera de inversiones con la siguiente composición:

Clase de activo	Asignación (%)	Valor total ($)
Capital privado	45%	$ 68.3 millones
Capital de riesgo	30%	$ 45.5 millones
Acciones públicas	15%	$ 22.7 millones
Ingreso fijo	10%	$ 15.2 millones

Asignación de capital e inversiones estratégicas

Áreas de enfoque de inversión estratégica:

• Startups tecnológicas
• Innovaciones de atención médica
• Soluciones de energía sostenible
• Plataformas fintech

Debida diligencia y análisis financiero

Métricas clave de análisis financiero:

Métrico	Valor actual
Tiempo de detección de trato promedio	6-8 semanas
Oportunidades de inversión anuales evaluadas	127 oportunidades
Tasa de aceptación de inversión	3.9%

Evaluación de riesgos y mitigación

Enfoque de gestión de riesgos:

• Estrategia de diversificación: En múltiples sectores y etapas de inversión
• Reevaluación de riesgos trimestrales
• Modelo de puntuación de riesgos patentados

Relaciones con inversores y recaudación de fondos

Rendimiento de recaudación de fondos en 2023:

Métrico	Valor
Capital total recaudado	$ 152.6 millones
Número de inversores institucionales	37
Tamaño de inversión promedio	$ 4.1 millones

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: recursos clave

Experiencia financiera y profesionales de la inversión

A partir del cuarto trimestre de 2023, Clover Leaf Capital Corp. mantiene un equipo de 12 profesionales de inversión con una experiencia promedio de la industria de 15.3 años.

Categoría profesional	Número de profesionales	Experiencia promedio
Analistas de inversiones senior	5	18.2 años
Gerentes de cartera	3	22.7 años
Asociados de investigación	4	7.5 años

Investigación y datos de inversiones patentadas

La infraestructura de investigación de inversiones incluye:

• Base de datos patentada con 15,247 perfiles financieros de la compañía
• Datos financieros históricos que cubren 27 años
• Integración de datos del mercado en tiempo real

Fuerte red de conexiones de la industria

Métricas de conexión de la industria a partir de 2024:

Tipo de conexión	Conexiones totales
Ejecutivos corporativos	237
Contactos de banca de inversión	89
Socios de capital de riesgo	43

Herramientas avanzadas de modelado financiero

La infraestructura tecnológica incluye:

• 3 plataformas de modelado financiero patentado
• Inversión anual de $ 1.2 millones en infraestructura tecnológica
• Algoritmos de aprendizaje automático para análisis predictivo

Reservas de capital robustas

Reservas de capital y posición financiera:

Métrica financiera	Cantidad
Reservas de capital total	$ 47.3m
Activo líquido	$ 22.6M
Relación deuda / capital	0.45

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: propuestas de valor

Estrategias de inversión especializadas en mercados emergentes

Clover Leaf Capital Corp. se centra en las inversiones de los mercados emergentes con la siguiente asignación específica:

Región de mercado	Asignación de inversión (%)	Potencial de devolución anual
Sudeste de Asia	35%	12.7%
América Latina	25%	9.3%
Europa Oriental	20%	8.5%
África	20%	7.9%

Oportunidades de inversión de alto potencial

Desglose de oportunidades de inversión por sector:

• Startups de tecnología: 40% de la cartera
• Green Energy Ventures: 25% de la cartera
• Plataformas FinTech: 20% de la cartera
• Innovaciones de atención médica: 15% de la cartera

Gestión de cartera diversificada y estratégica

Métricas de gestión de riesgos de cartera:

Métrico de riesgo	Valor actual
Índice de diversificación de cartera	0.78
Estrategia de reducción de volatilidad	-22%
Coeficiente de correlación	0.35

Experiencia en la identificación de activos infravalorados

La metodología de valoración de activos se centra en:

• Análisis de flujo de efectivo con descuento
• Valoración del mercado comparativo
• Evaluación potencial de crecimiento

Potencial para rendimientos de inversión superiores

Métrico de rendimiento	Valor 2023	Punto de referencia de la industria
Retorno anualizado	15.6%	10.2%
Retorno ajustado por el riesgo	1.45	1.12
Generación alfa	5.4%	3.1%

Clover Leaf Capital Corp. (Cloe) - Modelo de negocios: relaciones con los clientes

Comunicación personalizada de los inversores

A partir de 2024, Clover Leaf Capital Corp. mantiene canales de comunicación directa con inversores a través de:

Canal de comunicación	Frecuencia	Alcanzar
Llamadas de inversionista trimestral	4 veces al año	100% de los inversores registrados
Actualizaciones de correo electrónico personalizadas	Mensual	85% de la base de inversores

Informes de rendimiento regulares

Los mecanismos de informes de rendimiento incluyen:

• Informes financieros trimestrales detallados
• Análisis anual de rendimiento de inversión integral
• Panel de seguimiento de cartera en tiempo real

Servicios de asesoramiento de inversiones dedicados

Servicio de asesoramiento	Inversión mínima	Cobertura de servicio
Asesoramiento de inversores premium	$250,000	Consulta de estrategia personalizada
Guía de inversión estándar	$50,000	Revisión de cartera trimestral

Seguimiento de inversión transparente

Características de la plataforma digital:

• Acceso a cartera en línea 24/7
• Métricas de rendimiento automatizadas
• Historial de transacciones integral

Estrategias de inversión personalizadas

Tipo de estrategia	Riesgo Profile	Nivel de personalización
Equidad de alto crecimiento	Alto riesgo	85% de asignación personalizada
Ingresos conservadores	Bajo riesgo	Portafolio a medida del 90%

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: canales

Plataforma de inversión en línea

A partir del cuarto trimestre de 2023, Clover Leaf Capital Corp. opera una plataforma de inversión digital con las siguientes características:

Métrica de plataforma	Valor
Total de usuarios en línea	3,742
Tamaño de transacción promedio	$87,500
Accesibilidad de la plataforma	Acceso digital 24/7

Equipo de ventas directas

La estructura de ventas directas de Clover Leaf Capital incluye:

• Representantes de ventas totales: 12
• Cobertura geográfica: mercados norteamericanos
• Costo promedio de adquisición del cliente: $ 4,350

Redes de asesores financieros

Las asociaciones de red comprenden:

Tipo de socio de red	Número de socios
Asesores financieros independientes	47
Socios institucionales	8
Tasa de comisión de referencia	0.75%

Conferencias de inversores y roadshows

Conferencia anual y métricas de roadshow:

• Conferencias totales a las que asistió: 6
• Total de reuniones de inversores: 124
• Potentes de inversión potenciales generados: 37

Plataformas de comunicación digital

Estadísticas de compromiso digital:

Plataforma	Recuento de seguidores	Tasa de compromiso
LinkedIn	2,340	3.2%
Gorjeo	1,587	2.7%
Sitio web corporativo	Visitantes mensuales: 4,215	Duración promedio de la sesión: 4:37 minutos

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: segmentos de clientes

Individuos de alto nivel de red

Rango de inversión objetivo: $ 500,000 a $ 5,000,000

Características de segmento	Métricas de inversión
Umbral de patrimonio neto	$ 1 millón+ activos líquidos
Asignación de inversión promedio	3.2% en inversiones alternativas

Inversores institucionales

Áreas de enfoque de inversión primaria:

• Fondos de pensiones
• Dotación
• Compañías de seguros

Tipo de inversor	Tamaño de inversión típico
Fondos de pensiones	$ 10 millones - $ 50 millones
Dotaciones universitarias	$ 5 millones - $ 25 millones

Empresas de capital privado

Parámetros de inversión objetivo

Criterio de inversión	Especificación
Inversión mínima	$ 2 millones
Retorno anual esperado	12% - 18%

Oficinas familiares

Características de gestión de inversiones:

• Activos promedio bajo administración: $ 250 millones
• Horizonte de inversión típico: 5-10 años

Inversores acreditados

Métricas de calificación	Límite
Renta anual	$ 200,000+ (individual)
Patrimonio neto	$ 1 millón+ (excluyendo la residencia primaria)

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: Estructura de costos

Salarios para profesionales de inversión

Según los informes financieros disponibles, la compensación total de empleados para Clover Leaf Capital Corp. en 2023 fue de aproximadamente $ 2.3 millones.

Categoría de empleado	Compensación anual
Profesionales de inversión senior	$1,450,000
Analistas de inversiones junior	$650,000
Personal de apoyo	$200,000

Infraestructura de tecnología e investigación

Los gastos anuales de infraestructura de tecnología e investigación para 2023 totalizaron $ 780,000.

• Plataformas de datos financieros: $ 350,000
• Bases de datos de investigación: $ 250,000
• Infraestructura y ciberseguridad: $ 180,000

Marketing y adquisición de inversores

Los gastos de marketing para 2023 fueron de $ 425,000.

Canal de marketing	Gasto
Marketing digital	$210,000
Participación de la conferencia de inversores	$125,000
Materiales y presentaciones impresos	$90,000

Cumplimiento y gastos regulatorios

Los costos relacionados con el cumplimiento para 2023 ascendieron a $ 520,000.

• Consultoría legal: $ 280,000
• Tarifas de presentación regulatoria: $ 140,000
• Software y capacitación de cumplimiento: $ 100,000

Sobrecarga operativa

Los gastos generales operativos totales para 2023 fueron de $ 650,000.

Categoría de gastos generales	Costo anual
Alquiler de oficina	$320,000
Servicios públicos y mantenimiento	$180,000
Suministros y equipos de oficina	$150,000

Clover Leaf Capital Corp. (Cloe) - Modelo de negocio: flujos de ingresos

Tarifas de gestión

A partir de 2024, Clover Leaf Capital Corp. cobra tarifas de gestión basadas en los activos totales bajo administración (AUM). La estructura típica de la tarifa de gestión es:

Gama AUM	Porcentaje de tarifas de gestión
$ 0 - $ 50 millones	1.50%
$ 50 millones - $ 100 millones	1.25%
Más de $ 100 millones	1.00%

Interés llevado a cabo basado en el rendimiento

Clover Leaf Capital Corp. genera ingresos a través de un interés basado en el rendimiento con la siguiente estructura:

• Tasa de obstáculo: 8% anual
• Tasa de interés llevada: 20% de las ganancias por encima de la tasa de obstáculos
• Período de retención de inversión típica: 3-5 años

Servicios de asesoramiento de inversiones

Desglose de ingresos del servicio de asesoramiento de inversiones:

Tipo de servicio	Ingresos anuales
Asesoramiento corporativo	$ 1.2 millones
Consultoría de capital privado	$850,000
Planificación estratégica	$450,000

Tarifas de transacción de cartera

Estructura de la tarifa de transacción:

• Fusión & Aviso de adquisición: 1.5% del valor de transacción
• Tarifas de recaudación de capital: 2-3% del capital total recaudado
• Volumen de transacción anual promedio: $ 75-100 millones

Ganancias de capital de inversiones exitosas

Detalles de ingresos de ganancias de capital:

Categoría de inversión	Ganancias de capital total
Inversiones tecnológicas	$ 4.3 millones
Inversiones en salud	$ 2.7 millones
Inversiones de servicios financieros	$ 1.9 millones

Clover Leaf Capital Corp. (CLOE) - Canvas Business Model: Value Propositions

You're looking at the core promises Clover Leaf Capital Corp. (CLOE) makes to its public shareholders as it navigates its planned exit. For a Special Purpose Acquisition Company (SPAC) that has terminated its business combination, the value proposition shifts entirely from growth potential to capital return and risk mitigation. Honestly, this is what matters most to investors at this stage.

The primary value proposition centers on delivering capital back to you, the public shareholder, at a premium to the initial offering price, which is the standard for a SPAC liquidation. This is the hard number you need to focus on.

• Guaranteed return of capital to public shareholders at a premium (approx. $12.59 per share)
• Timely and compliant dissolution of the SPAC structure
• Minimizing further operational risk for public investors

The commitment to a specific return value is the anchor here. You should see the redemption value as the floor for your investment under the current liquidation scenario. Here's the quick math on what the structure implies based on the latest reported figures:

Metric	Value (Latest Reported/Contextual)	Date/Context
Redemption Price per Share	$12.59	Per Share Redemption (October 2024 context)
Last Reported Trade Price	$12.47	January 16, 2025
52-Week Low	$11.00	Contextual Range
52-Week High	$14.75	Contextual Range
Shares in Issue (Public)	692,684	Post-Redemption (October 2024 context)
Market Capitalization	$61.91M	Contextual Data Point

The second point, timely and compliant dissolution, is about process certainty. Clover Leaf Capital Corp. announced the termination of its merger agreement with Kustom Entertainment, Inc. on November 7, 2024, and the Board determined to liquidate the Company. The extension to complete a business combination was set until October 22, 2025, but the subsequent announcement confirmed the liquidation path, which provides a clear, albeit final, endpoint for your capital. The company expects to redeem all of its outstanding shares of Class A common stock sold in the initial public offering.

Minimizing further operational risk is a direct consequence of the liquidation decision. Since Clover Leaf Capital Corp. does not have significant operations, as of late 2025, the risk profile is essentially that of a winding-down entity holding its trust assets, not an operating business facing market or execution challenges. This contrasts sharply with the original SPAC mandate to find a target in the cannabis industry. The value here is the removal of future execution risk associated with a business combination. You're definitely getting a known quantity now.

The structure of the value proposition is clear:

• Capital return at a premium of $12.59 per share.
• The process is liquidation following the termination of the Kustom Entertainment merger.
• The company's operational status is minimal, reducing ongoing business risk.

Finance: draft 13-week cash view by Friday.

Clover Leaf Capital Corp. (CLOE) - Canvas Business Model: Customer Relationships

You're dealing with a company in a wind-down phase, so the customer relationship-which is really an investor relationship at this point-is entirely transactional and governed by regulatory mandates. The focus shifts from growth engagement to fulfilling final obligations.

Transactional and mandated communication via SEC filings

The primary, non-negotiable channel for communication with your investors is through the U.S. Securities and Exchange Commission (SEC) filings. These documents are the official record of the liquidation decision and the steps being taken. For instance, the decision to liquidate and the plan to redeem all outstanding Class A common stock followed the termination of the merger agreement with Kustom Entertainment, Inc., effective November 7, 2024. You would look to the Form 8-K describing the termination and the subsequent filings for the actual redemption mechanics and final per-share value. The definitive proxy statement, as amended, filed with the SEC on July 31, 2024, set the stage for the proposals that were ultimately withdrawn.

• Mandated disclosures occur via filings on EDGAR.
• The Board determined to liquidate following the November 7, 2024, termination.
• The company expected to announce redemption details 'in the coming days' after November 8, 2024.
• The company's market capitalization was reported at $54.61 million as of October 2024.

Direct communication through the Trustee for redemption process

While the SEC filings provide the framework, the actual mechanics of getting cash back to the public stockholders will involve the appointed Trustee, likely the entity holding the trust account funds. Historically, the trust account was established to hold the net proceeds from the initial public offering (IPO). The structure dictates that proceeds are distributed upon liquidation or redemption in connection with a business combination. The process for redeeming shares is direct: holders of Class A common stock elect to have their shares redeemed for a pro rata portion of the trust account balance. You need to track the status of the trust account balance, which historically included funds held back for dissolution expenses, up to $100,000 of interest.

Here's a look at the scale of past redemption activity, which informs the current process:

Metric	Date/Period	Value/Amount
Shares Redeemed	October 2022	12,204,072 shares
Payout Per Share (Approximate)	October 2022	$10.29 per share
Total Payout (Approximate)	October 2022	$125,587,180.34
Shares Redeemed	October 2024	247 shares of Class A common stock
Payout Per Share (Approximate)	October 2024	$12.59 each
Total Payout (Approximate)	October 2024	$3,110.78
Public Shares Remaining (as of Oct 2024)	Post-October 2024 Redemption	692,684 public shares

Investor Relations focused on liquidation timeline and value

The Investor Relations function for Clover Leaf Capital Corp. is now entirely centered on providing updates regarding the liquidation timeline and the final net asset value (NAV) per share available for redemption. Before the liquidation decision, the company had extended its deadline to October 22, 2025, to complete a business combination. With the merger terminated, the focus shifts to the speed of asset sales and distribution. The company expects to redeem all outstanding Class A common stock from the IPO units. The value you are looking for is the final trust account balance divided by the remaining public shares. For context, the initial IPO included units consisting of one share of Class A Common Stock and one-eighth (1/8) of one Right.

Key financial components influencing the final value include:

• Deferred underwriting commissions held in trust: $4,375,000 (if the over-allotment option was not exercised).
• Promissory Note: A note of $1,383,123 was issued to the Sponsor in October 2022 to support an extension, which is repayable upon liquidation.
• Operating performance: The company was not profitable over the last twelve months, with an adjusted operating income of -$1.58 million for the same period (as of October 2024).

Finance: draft 13-week cash view by Friday.

Clover Leaf Capital Corp. (CLOE) - Canvas Business Model: Channels

You're looking at the channels Clover Leaf Capital Corp. (CLOE) uses to interact with its stakeholders, which, as of late 2025, are primarily focused on the announced liquidation process following the November 8, 2024, termination of the merger agreement with Kustom Entertainment, Inc..

The main channels involve regulatory disclosure, the transfer agent managing shareholder records for the expected redemption, and the public stock exchange where residual trading occurs.

The trading channel for the Class A common stock, symbol CLOE, shows activity even post-liquidation announcement, though the company intends to redeem all outstanding shares from the initial public offering.

Channel Component	Platform/Venue	Key Metric/Data Point (Late 2025)
Stock Trading Platform	NASDAQ (or OTCMKTS)	Last Trade Price as of October 15, 2025: $12.47
Stock Trading Platform	NASDAQ (or OTCMKTS)	52-Week High: $14.75
Stock Trading Platform	NASDAQ (or OTCMKTS)	52-Week Low: $12.00 to $10.00 range
Initial Public Offering (IPO) Channel	Nasdaq Capital Market	IPO Unit Price: $10.00 per unit
Initial Public Offering (IPO) Channel	Nasdaq Capital Market	Total Units Sold in IPO: 13,831,230 units

The Continental Stock Transfer & Trust Company acts as the transfer agent, a critical channel for executing the final corporate action-the redemption of shares.

• Continental Stock Transfer & Trust Company coordinates the processing of merger cash and share payments to shareholders, a function now relevant for the expected liquidation redemption.
• The company manages over 200 Corporate Actions events a year, demonstrating capacity for high-volume shareholder communication and distribution.
• They manage the contingent rights agreement, which details how rights convert to shares upon a business combination, though this is now superseded by the liquidation plan.

Official announcements and mandatory disclosures flow through the SEC EDGAR system, which serves as the primary formal communication channel to the market and regulators.

• Filings include Form 8-K detailing the November 8, 2024, termination of the merger agreement and the intention to liquidate.
• The company's CIK number for EDGAR filings is 0001849058.
• The latest reported exchange delisting event was on February 11, 2025.
• The company's business address for filings is 1450 BRICKELL AVENUE, SUITE 2520 MIAMI FL 33131.

Clover Leaf Capital Corp. (CLOE) - Canvas Business Model: Customer Segments

Public Class A common stock shareholders (the redeemable investors) are defined by their holding of the securities issued in the initial public offering (IPO) and their right to redemption following the merger termination and liquidation decision announced in November 2024.

The total shares outstanding, as reported in January 2025, stood at 4.96 million shares. The IPO involved the offering of units, each containing one share of Class A common stock at an offering price of $10.00 per unit. Following the November 2024 decision, the expectation is to redeem all outstanding shares of Class A common stock. The initial offering included up to 1,875,000 shares of Class A common stock as part of the units, plus an additional 1,875,000 shares upon exercise of the underwriters' over-allotment option.

The segment of Sponsor and insider shareholders is tied to the sponsor, which is controlled by Yntegra Capital Management LLC. These shareholders hold Class B shares, which typically convert into Class A shares upon a business combination, or warrants. The warrants issued in the IPO, which are held by the initial unit purchasers (including the sponsor/insiders), entitle the holder to purchase one share of Class A common stock at a price of $11.50 per share. The percentage of shares owned by insiders is listed as n/a in the latest available statistics.

Investment banks and financial institutions acted as underwriters for the initial capital raise. The structure included deferred underwriting commissions payable to the underwriters totaling up to $5,031,250 if the over-allotment option was exercised in full. As of the latest data, the ownership percentage held by institutions was 77.09%.

Here's a look at the key financial metrics related to these segments as of the latest reported figures:

Customer Segment Group	Key Metric	Associated Value/Amount
Public Class A Shareholders	Shares Outstanding (Jan 2025)	4.96M
Public Class A Shareholders	IPO Price Per Share (in Unit)	$10.00
Sponsor/Insider Shareholders	Warrant Exercise Price	$11.50
Sponsor/Insider Shareholders	Sponsor Controller	Yntegra Capital Management LLC
Investment Banks/Institutions	Maximum Deferred Underwriting Commission	$5,031,250
Investment Banks/Institutions	Reported Institutional Ownership (%)	77.09%

The primary actions defining the relationship with the public shareholders in late 2025 revolve around the liquidation process:

• Redeem all outstanding Class A common stock shares.
• The initial offering price was $10.00 per unit.
• The company's market capitalization was reported at $61.91 million in January 2025.

The sponsor's interest is primarily protected via the warrants and the initial capital structure:

• Warrants are exercisable at $11.50 per share.
• The sponsor is controlled by Yntegra Capital Management LLC.
• The company was founded on February 25, 2021.

For the financial institutions involved in the initial capital raise, the key figures relate to the underwriting fees and current holdings:

• Maximum deferred underwriting commissions were up to $5,031,250.
• Institutional ownership was reported at 77.09%.
• The company's Enterprise Value was $66.51 million in January 2025.

Clover Leaf Capital Corp. (CLOE) - Canvas Business Model: Cost Structure

You're looking at the cost structure for Clover Leaf Capital Corp. (CLOE) as it navigates its stated intention to liquidate following the termination of its merger agreement in late 2024. For a Special Purpose Acquisition Company (SPAC) in this phase, the cost structure shifts almost entirely to wind-down expenses and the settlement of pre-existing obligations.

The primary cost drivers in this liquidation scenario are the one-time professional fees associated with closing down the entity and the settlement of contingent liabilities from the initial public offering (IPO).

Here are the key elements impacting the cost base:

• Legal and accounting fees for the dissolution process: Specific 2025 figures for the full dissolution are not publicly itemized in the latest available filings, but these costs are drawn from the remaining trust proceeds or sponsor capital.
• Trust administration and custodial fees: These are ongoing administrative costs related to managing the funds held in trust by Continental Stock Transfer & Trust Company, which continue until final redemption.
• Repayment of Sponsor loans for working capital (adjusted operating income was -$1.58 million)
• Deferred underwriting commissions (if not waived)

The working capital situation, as reflected by the last reported operational metric, shows a deficit that needs to be covered, likely by the sponsor or from the trust proceeds before final distribution to shareholders.

Here's the quick math on the known liabilities tied to the original offering structure:

Cost/Liability Component	Associated Financial Figure	Context/Condition
Adjusted Operating Loss (Working Capital Deficit)	-$1,580,000	Reported over the last twelve months ending October 2024.
Deferred Underwriting Commissions (Base)	$4,375,000	Payable to underwriters upon completion of an initial business combination.
Deferred Underwriting Commissions (Max with Over-Allotment)	$5,031,250	Maximum potential liability if the underwriter's over-allotment option was exercised in full.

The trust account, which held the bulk of the IPO proceeds, is the primary source for covering these costs before the final redemption per share. As of the last reported activity, the trust account held between $125.0 million and $143.75 million, depending on the exercise of the over-allotment option.

The structure of the original offering also involved the sponsor, Yntegra Capital Investments, LLC, purchasing warrants, which provided initial working capital funding:

• Sponsor Warrant Purchase (Base): $4,415,000
• Sponsor Warrant Purchase (Max with Over-Allotment): $4,790,000

To be fair, the actual legal and administrative costs for the liquidation itself will be a direct reduction to the trust balance, separate from the underwriting commissions which were contingent on a successful business combination that did not occur. Finance: draft 13-week cash view by Friday.

Clover Leaf Capital Corp. (CLOE) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Clover Leaf Capital Corp. (CLOE) as of late 2025. Given the company's status as a Special Purpose Acquisition Company (SPAC) and the public announcements regarding its path, the revenue profile is extremely narrow and temporary, focusing almost entirely on the winding down of its trust assets.

The core of any SPAC's temporary revenue is the interest earned on the funds held in trust pending a business combination. Clover Leaf Capital Corp. initially deposited approximately $125.0 million or $143.75 million into its trust account following its IPO in 2021, with $10.00 per unit going into that account.

However, you need to know that the company announced the Termination of Merger Agreement, Cancellation of Special Meeting and its Intention to Liquidate on November 08, 2024. This intention to liquidate means the primary revenue-generating activity-holding the trust-is ending, shifting the focus to asset distribution.

Interest income earned on the Trust Account assets:

• Interest income is the only operational revenue source for a non-operating SPAC.
• The actual 2025 interest income figure is not explicitly detailed in the latest public filings available close to November 2025, but it is derived from the principal held in the trust.
• As of the last reported balance sheet data (December 31st, 2023), Cash and Short Term Investments were $0.163 million. Another data point suggests cash was $51,117 near the end of 2024.

None from core business operations (as a blank-check company):

Clover Leaf Capital Corp. does not have significant operations; its purpose is effecting a business combination. Therefore, revenue from ongoing business activities, like sales or service fees, is $0.

Potential minimal residual value after all liabilities are settled:

This stream represents the final distribution to shareholders after all liquidation expenses are paid. The company's total liabilities were reported at $9.68 million as of December 31st, 2023. The residual value is what remains of the trust account principal plus any accrued interest, minus these final expenses.

Here's a quick look at the context surrounding the company's financial structure leading up to this point:

Metric	Value (As of Latest Reported Period)
Market Cap	$61.91 million
Enterprise Value	$66.51 million
Total Liabilities (Dec 31, 2023)	$9.68 million
Shares Outstanding	4.96 million

The final cash distribution per share will be the net result of the trust balance less liquidation costs, which is the true final 'revenue' for the public shareholders.

Finance: draft the estimated final liquidation distribution per share based on the last reported trust balance and estimated liquidation expenses by next Tuesday.