High Redemptions on ZeroFox

by | May 4, 2022

LNFA approves extension for ZeroFox, high redemptions. And the rest of the day’s news in SPACs.

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LNFA extends, high redemptions

L&F Acquisition Corp. (LNFA) shareholders approve extension on merger with cybersecurity provider ZeroFox to August 24th. High redemptions: 13.M shares redeemed (78.1%).

PONO / Benuvia raises $50M convert

PONO Capital Corp. (PONO) target Benuvia announces $50M convertible offering. Benuvia is a drug developer focused on pharmaceutical cannabinoids. The company owns the FDA approved cannabinoid drug SYNDROS® and one of the largest synthetic cannabinoid manufacturing facilities in the U.S.

Deal terminated: GBRG / AgiiPlus

Goldenbridge Acquisition Corp. (GBRG) terminated its merger agreement with AgiiPlus. Shanghai-based AgiiPlus provides flexible office space and software solutions to businesses in China and Singapore. GBRG will look for another transaction, but has a transaction deadline coming up on June 4.

Elsewhere in SPACs

  • Boardroom Alpha April SPAC market review. Check out our SPAC market review for April. Quick take: a hawkish Fed and even more cautious SEC are slowing, downsizing, and cancelling deals.

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Joanna Makris

Joanna has been analyzing and investing in emerging technologies for over two decades, having led the Technology, Media, and Telecom research at several global investment banks, including Mizuho Securities and Canaccord Genuity. Navigating stock market volatility since it all began in 2000. Banjo player, artist, and frittata-maker.

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