LF Capital II Shutting Down Next Week | SPAC Feed

LF Capital Acquisition II said the directors of the company have decided to dissolve and liquidate.

The redemption amount will be approximately $10.87 per share and is expected to be completed by Oct. 3.

LF Capital II in February said it had entered into a non-binding letter of intent with a target company. The target was reportedly a US-based manufacturer in the packaging industry with a blue-chip customer base subject to multi-year contracts. Although the SPAC provided an update in June that was still pursuing the target, a definitive merger agreement was never announced.

The SPAC raised $258.75 million in a November 2021 IPO to target companies with a disruptive business model in the financial technology or services, technology, digital asset or consumer sectors. By May 2023, redemptions had erased more than half the trust. Read more.

Source: LF Capital II Shutting Down Next Week

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://spacfeed.com/lf-capital-ii-shutting-down-next-week