Digital Ally and Clover Leaf Capital (CLOE), a publicly traded special purpose acquisition company (SPAC), have announced that the former’s subsidiary Kustom Entertainment and CLOE have entered into a merger agreement. Kustom Entertainment is a wholly owned subsidiary of Digital Ally, which focuses on live events, concert production and ticketing. The group comprises TicketSmarter and …
Digital Ally to create separate entertainment, ticketing business
TicketSmarter owner Digital Ally, which supplies video technology to law enforcement agencies, has revealed plans to split into two independent, publicly traded companies. Upon completion, stockholders will own equity in two businesses – Digital Ally and Kustom Entertainment, which will include TicketSmarter. The board of directors agreed that splitting the company was the best way …