LF Capital Acquisition Corp. II (LFAC) Adjourns Vote on Extension Contribution
by Nicholas Alan Clayton on 2023-02-16 at 7:20am

LF Capital Acquisition Corp. II (NASDAQ:LFAC) announced in an 8-K this morning that it has adjourned its February 15 vote to 6 pm ET February 17.

Shareholders in the vote are set to consider an increase to LF Capital II’s monthly contribution to its trust from $0.033 to $0.04. It may use such contributions to automatically extend up to six times from its initial deadline of February 19.

The SPAC further teased investors with the announcement that it has signed a non-binding letter of intent (LOI) with a target in the hours after the vote’s originally scheduled time. This target remains unnamed for now, but LF Capital II described it as a US-based manufacturer in the packaging industry with a blue chip customer base subject to multi-year contracts.

LF Capital has also clarified in recent filings that it will not pay any potential excise tax liabilities on share buybacks applied to redemptions from its trust account. In connection with the vote, LF Capital II’s sponsor Level Field Capital II plans to convert 6,268,750 of its promote shares (98.1%) into Class A shares, leaving 32,143,750 Class A shares and 200,000 promote shares outstanding.

 

LF Capital Acquisition Corp. II (LFAC) Adjourns Vote on Extension Contribution
Recent Posts
by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

by Nicholas Alan Clayton on 2025-07-09 at 8:22am

At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved