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LF Capital Acquisition Corp. II Announces Postponement of Shareholder Meeting to Monday, June 26, 2023, Extension of Redemption Request Deadline, and Revised Contribution to Trust Account in Connection with Proposed Charter Amendment
NEW YORK--(BUSINESS WIRE)-- LF Capital Acquisition Corp. II (the “LF II”) (NASDAQ: LFAC) today announced that its previously announced special meeting of
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[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nLF Capital Acquisition Corp. II (the “LF II”) (NASDAQ: LFAC) today announced that its previously announced special meeting of stockholders (the “Meeting”) will be postponed from 11:00 a.m. Eastern Time on June 13, 2023 to 5:00 p.m. Eastern Time on June 26, 2023 (the “Postponement”) to allow LF II additional time to engage with shareholders.\n\n\nIn connection with the announcement, LF II filed a revised proxy statement which also revised the proposed contribution to the trust account proposed in the charter amendment proposal, which now proposes to amend LF II’s current charter to permit LF II to extend the date by which LF II has to consummate a business combination from August 19, 2023 to November 19, 2023 (the “Extended Date”), by increasing the number of one-month extensions of the deadline to complete the initial business combination from six to nine (the “Extensions”) by depositing into the trust account (the “Trust Account”) established in connection with LF II’s initial public offering (the “IPO”) for each extension beginning July 19, 2023 the lesser of (i) $200,000 or (ii) $0.03 per share of LF II’s Class A common stock (the “Class A common stock”), par value $0.0001, sold in the IPO, per extension (the “Charter Amendment” and, such proposal the “Charter Amendment Proposal”).\n\n\nThe record date for determining LF II’s shareholders entitled to receive notice of and to vote at the Meeting remains the close of business on May 12, 2023 (the “Record Date”). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.\n\n\nAs a result of the Postponement, the previously disclosed deadline of June 9, 2023 (two business days before the Meeting, as originally scheduled) for delivery of redemption requests from LF II’s shareholders to LF II’s transfer agent has been extended to June 21, 2023 (three business days before the postponed Meeting). Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the postponed Meeting by requesting that LF II’s transfer agent return such shares by 5:00 p.m. Eastern Ti...