LF Capital Acquisition II said it has pushed back the deadline for share redemptions from Feb. 15 to Feb. 17 to allow more time for the SPAC to engage with stockholders.
There was no mention of a change in the shareholder meeting date, which is set for Feb. 15. The purpose of the meeting is to consider a deadline extension under which the SPAC would deposit 4 cents a share into trust for each month required.
The current merger deadline is Feb. 19.
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. Read more.
Source: LF Capital Acquisition II Extends Redemption Deadline