LNFA - SPAC L&F shareholders approve merger with cybersecurity firm ZeroFox

SPAC L&F Acquisition ( NYSE: LNFA ) shareholders have voted in favor of a planned merger with cybersecurity firm ZeroFox (ZFOX).

L&F shareholders approved the deal on Tuesday. The merger also includes the acquisition of fellow cybersecurity group IDX.

Shares of L&F closed 35% higher at $14.40 on Tuesday, the last session before the vote was announced. The merger is expected to close on Wednesday, after which the shares will trade under the symbol ZFOX.

L&F shares recently changed hands at $12.46, down 14%, at approximately 10:15 a.m. ET.

L&F and ZeroFox announced plans to merger in December, with the equity value of the company pegged at around $1.4B , providing no redemptions. The combined company will focus on the lifecycle of external cybersecurity threats.

For more SPAC news, check out SA's SPAC News page.

For further details see: