CF Acquisition Corp. IV Announces Special Meeting of Stockholders to be held at 4:00 p.m. on December 22, 2022 and That Trust Account Will Bear Interest and Will Not Be Decreased Due to Excise Tax
December 21 2022 - 9:27AM
CF Acquisition Corp. IV (NASDAQ: CFIV) (the “Company”) today
announced that its special meeting in lieu of an annual meeting of
the stockholders (the “Meeting”) will be postponed from 10:00 a.m.
to 4:00 p.m. Eastern Time on December 22, 2022. The record date for
determining the Company stockholders entitled to receive notice of
and to vote at the Meeting remains the close of business on
November 17, 2022 (the “Record Date”). Stockholders who have
previously submitted their proxies or otherwise voted and who do
not want to change their vote need not take any action.
Stockholders as of the Record Date can vote, even if they have
subsequently sold their shares. Stockholders who wish to withdraw
their previously submitted redemption request may do so prior to
the rescheduled meeting by requesting that the Company’s transfer
agent return such shares by 3:00 p.m. Eastern Time on December 22,
2022.
Additionally, to mitigate the current uncertainty surrounding
the implementation of the Inflation Reduction Act of 2022, in the
event that the extension (the “Extension”) of the time period the
Company has to complete an initial business combination (the
“Business Combination”) is implemented, as described in the
Company’s definitive proxy statement (the “Proxy Statement”), CF
Acquisition Corp. IV LLC (the “Sponsor”), the sponsor of the
Company, or a designee, will indemnify the Company against any
excise tax liabilities with respect to any future redemption
opportunities that are provided after December 31, 2022 and prior
to or in connection with a Business Combination or liquidation of
the Company. Additionally, if the Extension is implemented, the
Company plans to maintain the remaining amount in its trust account
(the “Trust Account”) in an interest-bearing demand deposit account
at a bank.
If the Extension is implemented, the Sponsor has agreed to
deposit into the Trust Account: (i) the lesser of (x) $500,000 per
month or (y) $0.045 per month for each public share that is not
redeemed (the “Monthly Amount”) plus (ii) if the Business
Combination is not consummated by January 28, 2023, the Monthly
Amount for each calendar month that is needed by the Company to
complete the Business Combination until June 28, 2023.
About CF Acquisition Corp. IV
CF Acquisition Corp. IV is a special purpose acquisition company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. The
Company’s efforts to identify a prospective target business is not
limited to a particular industry or geographic region, but the
Company intends to focus on industries where its management team
and founders have experience, including the financial services,
healthcare, real estate services, technology and software
industries. CF Acquisition Corp. IV is led by Chairman and Chief
Executive Officer Howard W. Lutnick.
Participants in the Solicitation
The Company and its directors and executive officers and other
persons may be deemed to be participants in the solicitation of
proxies from the Company’s stockholders in respect of the
Extension. Information regarding the Company’s directors and
executive officers is available in its annual report on Form 10-K
filed with the SEC. Additional information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests are contained in the Proxy
Statement.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
Additional Information
The Company has filed the Proxy Statement with the Securities
and Exchange Commission (the “SEC”) in connection with the Meeting
and, beginning on December 2, 2022, mailed the Proxy Statement and
other relevant documents to its stockholders as of the
November 17, 2022 record date for the Meeting. The
Company’s stockholders and other interested persons are advised to
read the Proxy Statement and any other relevant documents that have
been or will be filed with the SEC in connection with the Company’s
solicitation of proxies for the Meeting because these documents
will contain important information about the Company, the Extension
and related matters. Stockholders may also obtain a free copy of
the Proxy Statement, as well as other relevant documents that have
been or will be filed with the SEC, without charge, at the SEC’s
website located at www.sec.gov or by directing a request
to Morrow Sodali LLC at (800) 662-5200 (toll free) or by email
at CFIV.info@investor.morrowsodali.com.
Forward-Looking Statements
This press release and oral statements made from time to time by
representatives of the Company may include “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. All 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 the Company or its management team,
identify forward-looking statements. Such forward-looking
statements are based on the beliefs of the Company’s 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 registration statement and prospectus for the Company’s
initial public offering filed with the SEC. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Contacts:
Karen Laureano-Rikardsenklrikardsen@cantor.com +1
212-829-4975
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