LF Capital Acquisition Corp. II (LFAC)

Company Profile

LF II is a blank check company incorporated on February 19, 2021, as a Delaware corporation for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. For more information, visit https://www.lfcapital.co/.

Company profile

Ticker

LFAC, LFACW

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

Pershing Square Tontine • Foley Trasimene Acquisition II • KKR Acquisition Holdings I • Austerlitz Acquisition Corp II • FTAC Hera Acquisition • Cohn Robbins • Polestar Automotive Holding UK • E.Merge Technology Acquisition • Slam • MSD Acquisition ...

SEC CIK

0001851266

Corporate docs

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

IRS number

862195674

LFAC stock data

1M 1Y 5Y

Latest filings (excl ownership)

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15-12G

Securities registration termination

LF Capital Acquisition Corp. I

10 Aug 23

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

19 Jul 23

8-K

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

28 Jun 23

8-K

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Latest ownership filings

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Change in insider ownership

29 Jun 23

Initial statement of insider ownership

Beryl Capital Management LLC

13 Feb 23

SC 13G/A

Beryl Capital Management LLC

Financial summary

Financial statements Chart LFAC financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	176.96 k	176.96 k	176.96 k	176.96 k	176.96 k	176.96 k
Cash burn (monthly)	(no burn)	11.23 k	(no burn)	(no burn)	35.76 k	293.54 k
Cash used (since last report)	n/a	59.66 k	n/a	n/a	190.08 k	1.56 mm
Cash remaining	n/a	117.29 k	n/a	n/a	-13.12 k	-1.38 mm
Runway (months of cash)	n/a	10.4	n/a	n/a	-0.4	-4.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

LFAC institutional ownership history Ownership history

81.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	59	59	–
Opened positions	2	59	-96.6%
Closed positions	2	0	NEW
Increased positions	5	0	NEW
Reduced positions	7	0	NEW

13F shares	Current	Prev Q	Change
Total value	1.63 bn	2.58 bn	-36.6%
Total shares	9.74 mm	11.02 mm	-11.7%
Total puts	714.86 k	0.00	NEW
Total calls	559.59 k	369.96 k	+51.3%
Total put/call ratio	1.3	–	–

Largest owners	Shares	Value	Change
JEF Jefferies Financial	1.29 mm	$71.16 mm	0.0%
Saba Capital Management	787.33 k	$44.21 mm	0.0%
EHP Funds	569.40 k	$31.32 mm	0.0%
BLK Blackrock	562.50 k	$30.94 mm	0.0%
Athos Capital	500.00 k	$5.34 mm	0.0%
Taconic Capital Advisors	420.00 k	$23.10 mm	0.0%
Periscope Capital	400.70 k	$22.04 mm	0.0%
Verition Fund Management	363.25 k	$19.98 mm	0.0%
Sculptor Capital	347.60 k	$19.52 mm	-0.1%
Davidson Kempner Capital Management	300.00 k	$16.50 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Shaolin Capital Management	0.00	-714.86 k	EXIT
Davidson Kempner Partners	0.00	-300.00 k	EXIT
Cowen And	75.59 k	-106.06 k	-58.4%
Hudson Bay Capital Management	125.46 k	-100.84 k	-44.6%
Balyasny Asset Management	0.00	-100.00 k	EXIT
Flow State Investments	55.00 k	+25.60 k	+87.1%
Crystalline Management	12.50 k	+12.50 k	NEW
Flow Traders U.s.	15.26 k	-4.28 k	-21.9%
Wolverine Asset Management	231.66 k	-1.00 k	-0.4%
CNH Partners	166.44 k	-946.00	-0.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LFAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Jun 23	Wolverine Asset Management	Class A Common Stock	Sell	Dispose S	Yes	No	10.68	100,000	1.07 mm	549,000
20 Jun 23	Saba Capital Management	Common Stock	Sell	Dispose S	Yes	No	10.67	381,278	4.07 mm	952,004
27 Feb 23	Saba Capital Management	Common Stock	Sale back to company	Dispose D	Yes	No	10.34	1,359,133	14.05 mm	1,333,282

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.