secwatch / observer
8-K filed February 22, 2023, 6:59 PM ET CIK 0001851266
other material confidence high sentiment negative materiality 0.85

LF Capital Acquisition Corp. II: debt financing — LF Capital Acquisition Corp. II stockholders approve charter amendment; 56% of public shares redeemed for ~$150.8M

LF Capital Acquisition Corp. II

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

LF Capital Acquisition Corp. II incurred loan of aggregate principal amount of up to $2,712,100.56 with Level Field Capital II, LLC maturing earlier of (a) the date of the consummation of the Company's initial business combination, or (b) the date of the liquidation of the Company.

Instrument
loan
Principal
aggregate principal amount of up to $2,712,100.56
Counterparty
Level Field Capital II, LLC
Maturity
earlier of (a) the date of the consummation of the Company's initial business combination, or (b) the date of the liquidation of the Company
Event
incurrence
Exact text from the filing
On February 21, 2023, LF Capital Acquisition Corp. II, a Delaware corporation (the "Company"), issued a promissory note (the "Note") in the aggregate principal amount of up to $2,712,100.56 to Level Field Capital II, LLC, Delaware limited liability company, the Company's sponsor (the "Extension Funds"), pursuant to which the Extension Funds will be deposited into the Company's trust account
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

LF Capital Acquisition Corp. II: Increased the monthly extension payment per one-month extension of the deadline to complete an initial business combination to $0.04 per share of Class A common stock (effective 2023-02-17).

Change
charter amendment
Effective
2023-02-17
Exact text from the filing
The Charter Amendment increased the monthly extension payment per one-month extension of the deadline to complete an initial business combination to $0.04 per share of the company’s Class A common stock, par value $0.0001 per share, sold in the Company’s initial public offering.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.98

LF Capital Acquisition Corp. II shareholders approved To approve an amendment to the Company's Charter to increase the monthly extension payment per one-month extension of the deadline for an initial business combination to $0.04 per share of the company's Class A common stock, par value $0.0001 per share at the 2023-02-17 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-02-17
Exact text from the filing
On February 17, 2023, the Company convened the Special Meeting to approve the Charter Amendment Proposal and the Adjournment Proposal, each as more fully described in the Company’s definitive proxy statement (the “Proxy Statement”), which was filed with the Securities and Exchange Commission (the “SEC”) on January 27, 2023, and supplemental proxy statements filed with the SEC as of February 3, 2023 and February 7, 2023.
View on SEC.gov

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Source: SEC EDGAR
accession 0001731122-23-000247
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