L&F Acquisition Corp. (LNFA) has announced its decision to transfer its listing from the New York Stock Exchange to the NYSE American LLC, effective on or about June 10, 2022. This strategic move is motivated by the more favorable listing requirements on the NYSE American. LNFA will continue to file the same periodic reports with the SEC post-transfer. The company is also advancing towards a business combination with ZeroFox and IDX, with a proxy statement expected to provide further details regarding the vote on the proposed business combination.
Blackstone Inc. (NYSE: BX) announced the appointment of Kurt Summers, Jr. as Head of Public-Private Partnerships in its Infrastructure business. Summers brings over 20 years of experience from both public and private sectors, focusing on investment strategies that align with local infrastructure goals and advance ESG efforts. His prior role as City Treasurer of Chicago saw him integrate ESG in investment decisions, achieving a carbon-neutral portfolio. Blackstone aims to enhance partnerships with local governments under his leadership.
ZeroFox, a leading external cybersecurity provider, has launched its Adversary Disruption service to automate the elimination of malicious infrastructures related to external cyber threats. This new service utilizes a Global Disruption Network to quickly disrupt ransomware, phishing, and fraud activities by dismantling fake domains and social media accounts efficiently. With a capability of executing hundreds of thousands of disruptions weekly, ZeroFox aims to reduce the time taken to neutralize threats from hours to minutes. The launch coincides with ZeroFox's plans to merge with L&F Acquisition Corp (NYSE: LNFA) for public trading.
L&F Acquisition Corp. (LNFA) announced a definitive agreement to merge with ZeroFox, a leader in external cybersecurity, resulting in a public company valued at approximately $1.4 billion. The deal combines ZeroFox's AI-driven cybersecurity platform with IDX, enhancing their external threat protection offerings. The transaction includes $170 million in financing led by Monarch Alternative Capital and supports ZeroFox's expansion efforts in the growing $51 billion cybersecurity market. The combined entity will be renamed ZeroFox Holdings, Inc. and trade under ticker 'ZFOX'.
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