LFACU News

LF Capital Acquisition II, a blank check company led by the former CSO of Candriam and former CEO of BNP Paribas, raised $225 million by offering 22.5 million units at $10. Each unit contains one share of common stock and one-half of a warrant, exercisable at $11.50. LF Capital Acquisition II is led by Executive Chairman Elias Farhat, former Chief...read more

LF Capital Acquisition II, the second blank check company led by the former CSO of Candriam and former CEO of BNP Paribas targeting fintech, filed on Thursday with the SEC to raise up to $225 million in an initial public offering. The company plans to raise $225 million by offering 22.5 million units at $10 per unit. Each unit contains one share of common stock and...read more

10 IPOs brought in $1.3 billion this past week, along with 3 SPACs raising $540 million. With a flood of biotechs, most of the IPOs this week had heavy insider buying, and no revenue. They traded very well, however, averaging a 27% gain. The week's worst IPO lost only 3%. Unusually, 8 of the 10 raised more proceeds than expected, and only 1 raised less. ...read more

LF Capital Acquisition, a blank check company targeting a business in the commercial banking or fintech industry, raised $135 million by offering 13.5 million units at $10. Each unit consists of one share of common stock and one warrant to purchase one share at $11.50. At the $10 offer price, LF Capital Acquisition commands a market value of $169 million. LF Capital...read more