Clever Leaves Shares Rise as Brazil Investment Fund Acquires 8.5% Stake Before Nasdaq Delisting-February 2024-www.financetom.com

Clever Leaves Shares Rise as Brazil Investment Fund Acquires 8.5% Stake Before Nasdaq Delisting

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Clever Leaves Shares Rise as Brazil Investment Fund Acquires 8.5% Stake Before Nasdaq Delisting

May 16, 2024 10:38 AM

01:12 PM EDT, 05/16/2024 (MT Newswires) -- Clever Leaves ( CLVR ) shares rose 17% in recent trading Thursday after the company said a private investment fund incorporated in Brazil acquired an 8.5% stake through open-market transactions.

In a US regulatory filing, Clever Leaves ( CLVR ) said BCM Investimentos Fundo de Investimento acquired the shares "because they believe that the shares are undervalued and represent an attractive investment opportunity."

Clever Leaves ( CLVR ) shares are set to be delisted from the Nasdaq with Thursday expected to be the last trading day.

Price: 2.48, Change: +0.37, Percent Change: +17.30

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