# EDGAR Filing Document

**Accession Number:** 0001851266
**File Stem:** 0001731122-23-000247
**Filing Date:** 2023-2
**Character Count:** 28041
**Document Hash:** c6bd6af04d5315368039b4864d739f50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001731122-23-000247.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001731122-23-000247

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20230217

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LF Capital Acquisition Corp. II
- **CENTRAL INDEX KEY:** 0001851266
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 862195674
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41071
- **FILM NUMBER:** 23653540

**BUSINESS ADDRESS:**
- **STREET 1:** 1909 WOODALL RODGERS FREEWAY
- **STREET 2:** SUITE 500
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** (214) 741-6105

**MAIL ADDRESS:**
- **STREET 1:** 1909 WOODALL RODGERS FREEWAY
- **STREET 2:** SUITE 500
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

?xml version="1.0" encoding="utf-8"?

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d)** 

**of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): February 17, 2023**

**LF Capital Acquisition Corp. II**

**(Exact name of registrant as specified in its charter)** 

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41071** | **86-2195674** |
| **(State or other jurisdiction** <br> **of incorporation)** | **(Commission** <br> **File Number)** | **(I.R.S. Employer** <br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **1909 Woodall Rodgers Freeway, Suite 500** |  |
| **Dallas, Texas** | **75201** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**(214) 741-6105**

**(Registrant's telephone number, including area code)** 

**Not Applicable**

**(Former name or former address, if changed since last report)** 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant** | **LFACU** | **The Nasdaq Stock Market LLC** |
| **Class A Common Stock, par value $0.0001 per share** | **LFAC** | **The Nasdaq Stock Market LLC** |
| **Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share** | **LFACW** | **The Nasdaq Stock Market LLC** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement** |

---

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 (the "Trust Account") for each share of Class A common stock of the Company that was not redeemed in connection with increase of the redemption price set forth in the Charter Amendment Proposal (as defined below). On February 21, 2023, the Company drew down $452,016.76 under the Note to fund the first extension payment.

The Note is repayable in full upon the 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.

The foregoing description is qualified in its entirety by reference to the Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 2.03.** | **Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.** |

---

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

---

| | |
|:---|:---|
| **Item 3.03** | **Material Modification to Rights of Security Holders** |

---

The information set forth in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 5.03** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year** |

---

On February 17, 2023, upon the stockholders' approval of the Charter Amendment Proposal (as defined below) at a special meeting of stockholders (the "Special Meeting"), the Company filed an amendment (the "Charter Amendment") to the Company's Amended & Restated Certificate of Incorporation (the "Charter") with the Secretary of State of the State of Delaware. 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. The Company's stockholders approved the Charter Amendment at a Special Meeting (as defined below) of the stockholders held on Friday, February 17, 2023.

The foregoing description of the Charter Amendment is qualified in its entirety by the full text of the Amendment, a copy of which is filed as Exhibit 3.1 hereto and incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 5.07** | **Submission of Matters to a Vote of Stockholders** |

---

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. As of the close of business on January 13, 2023, the record date for the Special Meeting, there were 32,343,750 shares of the Company's common stock, comprising 25,875,000 shares of Class A common stock and 6,468,750 shares of Class B common stock (collectively, the "Common Stock") outstanding, each of which was entitled to one vote with respect to each of the proposals. A total of 28,147,775 shares of Common Stock, representing approximately 87.03% of the outstanding shares of Common Stock entitled to vote at the Special Meeting, were present in person or by proxy, constituting a quorum.

The final voting results for the Charter Amendment Proposal was as follows:

**Proposal No. 1: The Charter Amendment Proposal:** To approve an amendment to the Company's Charter to increase 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:

---

| | | |
|:---|:---|:---|
| **FOR** | **AGAINST** | **ABSTAIN** |
| 26716242 | 1431533 | 0 |

---

**Proposal No. 2: The Adjournment Proposal:** The Company has solicited proxies in favor of the Adjournment Proposal, which would have given the Company the authority to adjourn the Special Meeting to solicit additional proxies. As sufficient shares of Common Stock were voted in favor of the Charter Amendment Proposal, this proposal was not voted upon at the Special Meeting.

---

| | |
|:---|:---|
| **Item 8.01** | **Other Information** |

---

In connection with the approval and amendment of the Company's Charter pursuant to the Charter Amendment Proposal, the Company was required to permit its public shareholders to redeem their shares of Common Stock. Of the 25,875,000 shares of Common Stock outstanding with redemption rights, the holders of 14,574,581 shares of Common Stock elected to redeem their shares at a per share redemption price of approximately $10.35. As a result, approximately $150,846,913 will be removed from the Company's trust account to pay such holders.

The Company issued a press release on February 22, 2023, announcing the results of the Special Meeting and redemption, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference.

---

| | |
|:---|:---|
| <br> **Item 9.01** | <br> **Financial Statements and Exhibits.**  |

---

(d) Exhibits:

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| 3.1 | [Amendment to the Amended and Restated Certificate of Incorporation](e4439_ex3-1.htm) |
| 10.1 | [Promissory Note, dated as of February 21, 2023](e4439_ex10-1.htm) |
| 99.1 | [Press Release](e4439_ex99-1.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| **LF Capital Acquisition Corp. II** | **LF Capital Acquisition Corp. II** |
| By: | /s/ Scott Reed |
| Name: Scott Reed | Name: Scott Reed |
| Title: President, Chief Executive Officer | Title: President, Chief Executive Officer |

---

Date: February 22, 2023

## Exhibit 3.1

**EXHIBIT 3.1**

![](img_001.jpg)

![](img_002.jpg)

![](img_003.jpg)

## Exhibit 10.1

**EXHIBIT 10.1**

THIS PROMISSORY NOTE (THIS "**NOTE**") HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "**SECURITIES ACT**"). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

**PROMISSORY NOTE**

Principal Amount: $2,712,100.56

Dated as of February 21, 2023<br> Dallas, Texas

LF Capital Acquisition Corp. II, a Delaware corporation ("**Maker**"), promises to pay to the order of Level Field Capital II, LLC or its registered assigns or successors in interest ("**Payee**"), or order, the principal sum of Two Million Seven Hundred Twelve Thousand One Hundred Dollars and Fifty-Six Cents ($2,712,100.56) or such lesser amount as shall have been advanced by Payee to Maker and shall remain unpaid under this Note (as evidenced by Payee's endorsements on <u>Schedule 1</u> attached to this Note, which endorsements shall, absent manifest error, be conclusive as to the aggregate principal amount outstanding from time to time under this Note) on the Maturity Date (as defined below) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by Maker to such account as Payee may from time to time designate by written notice in accordance with the provisions of this Note.

**1. Principal.** The entire unpaid principal balance of this Note shall be payable by Maker on the earlier of (such earlier date, the "**Maturity Date**"), subject to Section 12 below: (i) the date that Maker consummates the Maker's initial business combination, or (ii) the date of the liquidation of the Maker. The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of Maker, be obligated personally for any obligations or liabilities of Maker hereunder.

**2. Drawdown Requests.** Maker and Payee agree that Maker may request, from time to time, up to Two Million Seven Hundred Twelve Thousand One Hundred Dollars and Fifty-Six Cents ($2,712,100.56) into the trust account of Maker established in connection with its initial public offering of its securities (the "**IPO**"), such amounts to be for the benefit of Maker's unredeemed shares of Class A common stock issued in the IPO upon redemption or liquidation of Maker in accordance with Maker's Second Amended and Restated Certificate of Incorporation, as amended. The principal of this Note may be drawn down from time to time prior to the Maturity Date upon written request from Maker to Payee (each, a "**Drawdown Request**"). Each Drawdown Request must state the amount to be drawn down, which shall not be an amount less than Ten Thousand Dollars ($10,000), unless otherwise agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns outstanding under this Note at any time may not exceed Two Million Seven Hundred Twelve Thousand One Hundred Dollars and Fifty-Six Cents ($2,712,100.56). No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

**3. Interest.** No interest shall accrue on the unpaid principal balance of this Note.

**4. Application of Payments.** All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney's fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note.

**5. Events of Default.** The following shall constitute an event of default ("**Event of Default**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** <u>Failure to Make Required Payments.</u> Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** <u>Voluntary Bankruptcy, Etc.</u> The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** <u>Involuntary Bankruptcy, Etc.</u> The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

**6. Remedies.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c) hereof, the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

**7. Waivers.** Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

**8. Unconditional Liability.** Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker's liability hereunder.

**9. Notices.** All notices, statements or other documents which are required or contemplated by this Note shall be: (i) in writing and delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing or (ii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

**10. Construction.** THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

**11. Severability.** Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

**12. Trust Waiver.** Notwithstanding anything herein to the contrary, Payee hereby waives any and all right, title, interest or claim of any kind ("**Claim**") in or to any distribution of or from the trust account to be established in which the proceeds of the IPO to be conducted by Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur prior to the closing of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

**13. Amendment; Waiver.** Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of Maker and Payee.

**14. Assignment.** No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

**[*Signature page follows*]**

**IN WITNESS WHEREOF,** Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

---

| | |
|:---|:---|
| **LF Capital Acquisition Corp. II** | **LF Capital Acquisition Corp. II** |
| By: | /s/ Scott Reed |
| Name: | Scott Reed |
| Title: | President, Chief Executive Officer |

---

[Signature Page to Promissory Note]

## Exhibit 99.1

Date: February 22, 2023

**EXHIBIT 99.1**

**PRESS RELEASE**

**LF Capital Acquisition Corp. II Announces Approval of Proposal and Amendment to Charter**

**New York, New York, February 22, 2023** -- On February 17, 2023, LF Capital Acquisition Corp. II, a Delaware corporation (the "Company") convened a special meeting of stockholders (the "Special Meeting") to propose an amendment (the "Charter Amendment Proposal") to the Company's Amended & Restated Certificate of Incorporation (the "Charter"). The Charter Amendment Proposal would increase 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. The Charter Amendment Proposal is described in more detail 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.

A total of 28,147,775 shares of Common Stock, representing approximately 87.027% of the outstanding shares of Common Stock entitled to vote at the Special Meeting, were present in person or by proxy, constituting a quorum. The stockholders voted upon and approved the Charter Amendment Proposal, with 26,716,242 votes in favor, 1,431,533 votes against, and with no abstentions. Accordingly, the Company amended its Charter to increase the monthly extension payment and filed the amendment with the Secretary of State of the State of Delaware on February 17, 2023.

**Redemption of Shares of Common Stock**

In connection with the approval and amendment of the Company's Charter pursuant to the Charter Amendment Proposal, the Company was required to permit its public shareholders to redeem their shares of Common Stock. Of the 25,875,000 shares of Common Stock outstanding with redemption rights, the holders of 14,574,581 shares of Common Stock elected to redeem their shares at a per share redemption price of approximately $10.35. As a result, approximately $150,846,913 will be removed from the Company's trust account to pay such holders.

**Issuance of Promissory Note**

On February 21, 2023, 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 (the "Trust Account") for each share of Class A common stock of the Company that was not redeemed in connection with increase of the redemption price set forth in the Charter Amendment Proposal (as defined below). On February 21, 2023, the Company drew down $452,016.76 under the Note to fund the first extension payment.

**Forward-Looking Statements** 

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding the estimated per share redemption price and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q and initial public offering prospectus. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

**About Level Field Capital**

Level Field is a leading global SPAC sponsor. In November 2021, Level Field built on the achievements of its previous SPAC, LF Capital Acquisition Corp., (which completed its de-SPAC merger with Landsea Homes Corporation (NASDAQ: LSEA) in January 2021) and successfully launched its second SPAC opportunity, LF Capital Acquisition Corp. II. From its initial public offering, LFAC II received aggregate gross proceeds totaling $258,750,000, before deducting underwriting discounts and commissions and other offering expenses payable by it.

LFAC II intends to focus its search on finding a business to merge with in secular growth industries, particularly targeting companies undergoing high-growth, including within the financial technology or services, digital asset, technology or disruptive consumer sectors, though it may pursue a business combination target in any business or industry.