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KUSTOM ENTERTAINMENT NAMES ERIK DAHL CHIEF FINANCIAL OFFICER
Industry veteran adds expertise, momentum to growing Digital Ally company KANSAS CITY, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) –
About this update from Kustom Entertainment, Inc.
[{"type":"text","content":"Industry veteran adds expertise, momentum to growing Digital Ally company KANSAS CITY, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) – Kustom Entertainment, Inc. (“Kustom Entertainment”), a premier live event marketing and concert production company and subsidiary of Digital Ally Inc. (“Digital Ally”) (Nasdaq: DGLY), has tapped Kansas City-native Erik Dahl as its new Chief Financial Officer (the “CFO”). The appointment, effective November 20, 2023, puts Mr. Dahl at the helm of Kustom Entertainment’s financial operations, including FP&A, strategy, accounting, procurement, tax, and human resources. \"Erik’s experience, enthusiasm and agility make him a great addition to our leadership team,\" Kustom Entertainment CEO Stanton E. Ross said. \"Momentum is building again in live entertainment. Erik will be instrumental in driving our financial initiatives and long-term objectives as we innovate and expand.” Mr. Dahl brings more than a decade of financial experience to the role, with a keen understanding of financial management, risk analysis, and strategic planning. Mr. Dahl joins Kustom Entertainment from AVI Systems, Inc., where he served as Financial Reporting Manager. He previously held lead finance roles at MMC Contractors and served as a senior auditor at Grant Thornton LLP. Mr. Dahl earned a master’s in accounting from the University of Kansas and is a Certified Public Accountant. His appointment as CFO reflects Kustom Entertainment's commitment to attracting top-tier talent to drive the company's financial vision and growth. Mr. Dahl’s appointment precedes the recent filing of the S-4/A Registration Statement Amendment with the U.S. Securities and Exchange Commission, indicating continued progress toward the previously announced merger with Clover Leaf Capital Corp. (“CLOE”) (Nasdaq: CLOE), a publicly traded special purpose acquisition company. Upon closing of the business combination, CLOE will change its name to Kustom Entertainment and will operate under Kustom Entertainment’s management team. The transaction contemplates an equity value of $125 million for Kustom Entertainment. The combined company is expected to have an implied initial pro forma equity value of approximately $222.2 million, with the proposed business combination expected to provide approximately $14 million in gross proceeds from the...