FoxWayne Enterprises Acquisition deposited $16,795.98 (1.25 cents a share) into trust for a 3-month extension to close its deal with Clover, a live streaming company focused on Gen Z and Millennial audiences and creators.
Transaction terms call for FoxWayne to issue 15.745 million shares of its common stock, or approximately $157.45 million. Current Clover stockholders will convert 100% of their existing equity into common stock of the combined company and will own a majority of the outstanding shares post-closing. Read more.
