Fintech-focused SPAC LF Capital Acquisition II prices $225 million IPO

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 Strategy Officer of Candriam; Non-Executive Chairman Baudouin Prot, former CEO and Chairman of BNP Paribas; and CEO Scott Reed, co-founder and Partner at BankCap Partners. The company aims to leverage management's expertise to target the fintech, tech, digital assets, or consumer sectors. 

The group's previous blank check company, LF Capital Acquisition, went public in 2018 and completed its combination with Landsea Homes (LSEA; -13% from $10 offer price) this past January.

LF Capital Acquisition II plans to list on the Nasdaq under the symbol LFACU. Jefferies acted as sole bookrunner on the deal.