LF Capital Acquisition Corp. II announced the pricing of its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LFACU” Wednesday, November 17.
The new SPAC intends to combine with a disruptive business that could benefit from a hands-on owner with extensive operational experience in the financial technology or services, technology, digital asset or consumer sectors. LF Capital Acquisition Corp. II is led by Executive Chairman Elias Farhat, Non-Executive Chairman Baudouin Prot, President and CEO Scott Reed, and CFO Alberto Bianchinotti.
Total SPAC deal count for 2021 year-to-date is now 543. This offering is expected to close on Friday, November 19.
Jefferies LLC is serving as sole book-running manager for the offering. Dechert LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Citrin Cooperman & Company, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...
Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....
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DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...