LF Capital Acquisition Corp. II Announces Letter of Intent for Business Combination

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Feb 15, 2023

LF Capital Acquisition Corp. II, a Delaware corporation (“LF II”) (NASDAQ:LFAC), announced today that it has entered into a letter of intent (the “LOI”) with a target company (the “Target Company”) for a potential initial business combination (the “Business Combination”). The LOI is non-binding with respect to all its material terms, except with respect to provisions regarding a limited period of exclusivity. The Target Company is a US-based manufacturer in the packaging industry with industry-leading profitability serving diversified end markets and with an established and highly attractive, blue-chip customer base that are subject to multi-year contracts.