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Schultze Special Purpose Acquisition

🧟 Zombie
Blank CheckSPAC Year: 2018Merged: 2020

Trust Size

$133M

Current Price

$0.01

Price Journey

$10 IPO$10.00 peak$0.01

What Happened

Schultze Special Purpose Acquisition Corp was a SPAC that raised $130 million in 2018 and merged with Clever Leaves, a Colombian medicinal cannabis company, in December 2020.

Schultze Special Purpose Acquisition Corp merged with Clever Leaves International in December 2020. The medicinal cannabis company struggled with slow market development and regulatory challenges. Clever Leaves voluntarily delisted from Nasdaq in April 2024 and deregistered its securities, effectively becoming a zombie company trading on OTC markets.

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Timeline

2018-11-28

S-1 Registration Filed

2020-11-27

Merger Proxy Filed (DEFM14A)

2021-02-12

Last SEC Filing

SEC Filing Details

CIK Number

1754824

Total SEC Filings

131

State of Incorporation

DE

Last Filing Date

2021-02-12

Business Location

Rye, NY

Trust/Asset Size

$133M

Data sourced from SEC EDGAR Company Facts API and EFTS search index.

📄 SEC Filings

View all EDGAR filings for Schultze Special Purpose Acquisition

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