secwatch.observer — SEC 8-K summary
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Issuer:     LF Capital Acquisition Corp. II (—)
CIK:        0001851266
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001731122-23-000247
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LF Capital Acquisition Corp. II stockholders approve charter amendment; 56% of public shares redeemed for ~$150.8M
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- Charter amendment approved to increase monthly extension payment to $0.04 per share for one-month extensions.
- Holders of 14,574,581 shares (56% of 25,875,000 public shares) elected redemption at ~$10.35 per share, removing ~$150.8M from trust.
- Sponsor Level Field Capital II issued promissory note for up to $2,712,100.56 to fund extension; initial draw of $452,016.76 on Feb 21, 2023.
- Special Meeting quorum of 28,147,775 shares (87.03%); Charter Amendment passed with 26,716,242 for, 1,431,533 against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851266/000173112223000247/0001731122-23-000247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851266/000173112223000247/e4439_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-23-000247

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