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What Happened to Schultze Special Purpose Acquisition?
Return
0.0%
Current Price
$0.01
Peak Price
â
Trust Size
$133M
Summary
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.
What Happened
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.
Timeline
2018-11-28
S-1 Registration Filed
2020-11-27
Merger Proxy Filed (DEFM14A)
2021-02-12
Last SEC Filing