LF Capital Acquisition Corp. II Provides Update Regarding Potential Business Combination
As previously announced, LF Capital Acquisition Corp. II, a Delaware corporation (“LF II”) (NASDAQ: LFAC), entered into a non-binding letter of intent (the “Letter of Intent”) to enter into a business combination (the “Business Combination”) with a private company (the “LOI Target”) that meets LF II’s acquisition criteria and business strategy in February 2023.
- As previously announced, LF Capital Acquisition Corp. II, a Delaware corporation (“LF II”) (NASDAQ: LFAC), entered into a non-binding letter of intent (the “Letter of Intent”) to enter into a business combination (the “Business Combination”) with a private company (the “LOI Target”) that meets LF II’s acquisition criteria and business strategy in February 2023.
- LF II believes that a Business Combination with the LOI Target will help accelerate the LOI Target's growth and allow it to become a national leader in its industry.
- LF II is currently seeking an amendment to its charter to provide for additional one-month extensions (until November 19, 2023) in order to extend the date by which LF II must consummate an initial business combination.
- If LF II is unable to complete an initial business combination by such extended date, LF II may be forced to liquidate.