LF CAPITAL ACQUISITION CORP II Stock Price, News & Analysis

LF Capital Acquisition Corp. II (NASDAQ: LFAC) has entered a non-binding letter of intent (LOI) with a US-based packaging manufacturer for a potential business combination. The LOI outlines a plan for the two entities to merge, with the existing equity holders maintaining ownership in the new public company. Completion hinges on due diligence, definitive agreements, necessary financing, and stockholder approvals. No assurances are provided regarding the successful negotiation of terms or completion of the transaction.

Level Field Capital announced the launch of LF Capital Acquisition Corp. II (NASDAQ: LFAC), a SPAC focused on high-growth markets such as financial technology and digital assets. The IPO raised $258.75 million on November 19, 2021, with units priced at $10.00. Each unit includes one share of Class A common stock and one-half of a warrant, with warrants exercisable at $11.50. The company aims to provide strategic resources to target companies, enhancing shareholder value through an innovative warrant structure that stabilizes reported earnings against stock price fluctuations.

LF Capital Acquisition Corp. II has successfully closed its initial public offering (IPO) of 25,875,000 units at $10.00 per unit, raising gross proceeds of $258,750,000. The IPO was priced on November 17, 2021, with the units commencing trading on the Nasdaq Global Market under the symbol 'LFACU'. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, which entitles the holder to purchase a share at $11.50. Jefferies LLC acted as the sole book-running manager for the offering.

LF Capital Acquisition Corp. (NASDAQ: LFAC) has completed its business combination with Landsea Homes Incorporated, transforming it into a publicly listed company. The transaction was approved by LF Capital's board and stockholders on December 14, 2020. Starting January 8, 2021, Landsea Homes will trade under the symbols LSEA and LSEAW on Nasdaq. CEO John Ho highlighted the company's commitment to innovation and sustainability as key drivers for future growth, while former CEO Scott Reed emphasized the significance of this milestone for capitalizing on market opportunities.

LF Capital Acquisition Corp. (NASDAQ: LFAC) has announced an extension to complete its business combination with Landsea Homes Incorporated. The deadline has been pushed from December 22, 2020, to January 22, 2021, allowing LF Capital additional time to finalize the merger. CEO Scott Reed expressed optimism about closing the deal in early January 2021, emphasizing a commitment to sustainable homebuilding. Financial advisors include B. Riley Securities and Raymond James & Associates, while Rothschild & Co advises Landsea Homes.

LF Capital Acquisition Corp. (NASDAQ: LFAC) is moving forward with its proposed business combination with Landsea Homes Incorporated. The announcement confirms that Landsea Homes’ parent, Landsea Green Properties Co., Ltd., received approval from the Stock Exchange of Hong Kong Limited (HKSE). LF Capital anticipates satisfying all closing conditions soon, with the merger expected to finalize in the first half of January 2021. Financial advisors include B. Riley Securities and Raymond James & Associates for LF Capital.

LF Capital Acquisition Corp. (NASDAQ: LFAC) announced the approval of its proposed business combination with Landsea Homes Incorporated, valued at $344 million. Stockholders redeemed fewer than 5% of public shares, indicating solid support. The merger will utilize 32,557,303 newly issued LFAC shares. Additionally, LF Capital extended the business combination deadline to January 22, 2021, to secure necessary approvals from the Hong Kong Stock Exchange. Both companies' executives expressed optimism regarding the merger's potential to enhance growth and resources.