LF Capital Acquisition II announced today that it has entered into a non-binding letter of intent with a target company. The target is a US-based manufacturer in the packaging industry with a blue-chip customer base subject to multi-year contracts, the SPAC said. Redemption requests have been extended until Friday.
The current merger deadline is Feb. 19.
LF II shareholders were expected to meet today to consider increasing monthly extension payments to 4 cents a share.
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 Signs LOI Days Ahead of Deadline