Software cybersecurity company ZeroFox in a proxy filing announced plans to go private through an acquisition agreement with Haveli Investments. Haveli intends to buy the company for $1.14 per share in an all-cash trasaction valued at $350 million. ZeroFox closed yesterday at $1.11.
Haveli was founded in 2021 by Brian Sheth. The firm received a $500 million investment in 2022 from Apollo, and is in the midst of making strategic investments in the software space.
ZeroFox went public on the Nasdaq in August 2022 following a deSPAC transaction with L&F Acquisition. Read more.
