Clever Leaves announces voluntary delisting and SEC deregistration

Clever Leaves Holdings announced that its Board of Directors determined to voluntarily delist its common shares, without par value and warrants, each exercisable for 1/30th common share at an exercise price of $11.50 from The Nasdaq Stock Market LLC and deregister its Securities in order to terminate and suspend its reporting obligations under the Securities and Exchange Act of 1934, as amended. The company notified Nasdaq of its intention to voluntarily delist its Securities from Nasdaq. The company intends to file a Form 25 with the Securities and Exchange Commission to effect the delisting and deregistration of its Securities on or about May 6, 2024 to effect the delisting from Nasdaq and the deregistration of the Securities under Section 12(b) of the Exchange Act. As a result, the company expects the last day of trading of its Securities on Nasdaq will be on or about May 16, 2024.