L&F Acquisition announced today that it will transfer its listing to the NYSE American where it has been approved to list. L&F will voluntarily delist from The New York Stock Exchange. The decision to transfer to the NYSE American, the SPAC said, was motivated by several factors, including more favorable thresholds for continued listing.
The transfer is expected June 10.
L&F has a merger agreement with ZeroFox, an enterprise SaaS cybersecurity company.
L&F shareholders in May approved a deadline extension until Aug. 24. The SPAC needs to tap into private equity as redemptions on the extension vote erased 80% of L&F’s cash in trust, which is likely what prompted the transition to the NYSE American, where the capitalization requirements are lower. Read more.
