L&F Acquisition shareholders approved an extension until Aug. 24 for the SPAC to complete its proposed acquisition of ZeroFox, an enterprise SaaS cybersecurity company.
Redemptions in connection with the vote topped $140 million. The SPAC raised $175.1 million in a December 2020 IPO.
L&F also has a $170 million PIPE led by Monarch Alternative Capital with participation from Victory Park Capital, Corbin Capital, as well as existing shareholders New Enterprise Associates, Highland Capital, Alsop Louie Partners, Blue Venture Fund, Peloton Equity, Forgepoint Capital and James C. Foster, Chairman and CEO of ZeroFox.
As announced last December, the deal with ZeroFox was expected to put over $250 million of cash on the combined company’s balance sheet. Read more.
