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.
Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...
Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...
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