Filed by GCM Grosvenor Inc.
pursuant
to Rule 425 under the Securities Act of 1933
and
deemed filed pursuant to Rule 14a-12
under
the Securities Exchange Act of 1934
Subject
Company: CF Finance Acquisition Corp.
Commission
File No.: 001-38759
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): October 1, 2020
CF
FINANCE ACQUISITION CORP.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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001-38759
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47-3806343
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(State
or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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110
East 59th Street
New
York, New York
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10022
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (212) 938-5000
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
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☒
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on
which
registered
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Units,
each consisting of one share of Class A common stock and three-quarters of one redeemable warrant
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CFFAU
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The
Nasdaq Stock Market
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Class
A common stock, par value $0.0001 per share
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CFFA
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The
Nasdaq Stock Market
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Redeemable
warrants, exercisable for Class A common stock at an exercise price of $11.50 per share
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CFFAW
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The
Nasdaq Stock Market
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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
8.01. Other Events.
On
October 1, 2020, CF Finance Acquisition Corp. (the “Company” or “CFFA”) issued a press release
announcing that it has established Thursday, October 8, 2020 as the record date (the “Record Date”) for its
special meeting of stockholders (the “Special Meeting”) to be held with respect to the previously announced
business combination (the “Business Combination”) with GCM Grosvenor Inc. (“GCM PubCo”),
a Delaware corporation and a direct wholly owned subsidiary of Grosvenor Capital Management Holdings, LLLP (“Grosvenor
Capital”), an Illinois limited liability limited partnership, pursuant to that certain Transaction Agreement (the “Transaction
Agreement”) by and among CFFA, CF Finance Intermediate Acquisition, LLC, a Delaware limited liability company and direct
wholly owned subsidiary of CFFA, CF Finance Holdings, LLC, a Delaware limited liability company, Grosvenor Holdings, L.L.C., an
Illinois limited liability company, Grosvenor Capital, GCM Grosvenor Management, LLC, a Delaware limited liability company, Grosvenor
Holdings II, L.L.C., a Delaware limited liability company, GCMH GP, L.L.C., a Delaware limited liability company, GCM V, LLC,
a Delaware limited liability company, and GCM PubCo. The Company also announced that it will establish the date of the Special
Meeting at a later time closer to the completion by the U.S. Securities and Exchange Commission (“SEC”) of
its review of the registration statement on Form S-4 filed in connection with the Business Combination.
A
copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Forward-Looking
Statements
This
document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed
transactions (the “Transactions”) between GCM PubCo and CFFA, including statements regarding the anticipated
timing of the Transactions. These forward-looking statements generally are identified by the words “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would”
and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that
are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the forward-looking statements in this document, including but not limited
to: (i) the risk that the Transactions may not be completed in a timely manner or at all, which may adversely affect the price
of CFFA’s securities, (ii) the risk that the Transactions may not be completed by CFFA’s business combination deadline
and the potential failure to obtain an extension of the business combination deadline if sought by CFFA, (iii) the failure to
satisfy the conditions to the consummation of the Transactions, including the approval by the stockholders of CFFA, the satisfaction
of the minimum trust account amount following redemptions by CFFA’s public stockholders and the receipt of certain governmental
and regulatory approvals, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination
of the transaction, (v) the effect of the announcement or pendency of the Transactions on Grosvenor Capital’s business relationships,
performance, and business generally, (vi) risks that the Transactions disrupt current plans of Grosvenor Capital and potential
difficulties in Grosvenor Capital employee retention as a result of the Transactions, (vii) the outcome of any legal proceedings
that may be instituted against GCM PubCo or against CFFA related to the Transactions, (viii) the ability to maintain the listing
of GCM PubCo’s stock on the Nasdaq Stock Market, (ix) volatility in the price of CFFA’s securities, (ix) the ability
to implement business plans, forecasts, and other expectations after the completion of the Transactions, and identify and realize
additional opportunities, and (x) the risk of downturns in the highly competitive asset management industry. The foregoing list
of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of CFFA’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, the joint
registration statement/proxy statement on Form S-4 discussed below and other documents filed by CFFA from time to time with the
SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to
differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and GCM PubCo and CFFA assume no
obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future
events, or otherwise. Neither GCM PubCo nor CFFA gives any assurance that either GCM PubCo or CFFA will achieve its expectations.
Additional
Information and Where to Find It
This
document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities,
nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to
registration or qualification under the securities laws of any such jurisdiction. CFFA and GCM PubCo have filed a registration
statement on Form S-4 that includes a joint proxy statement/prospectus. The proxy statement/prospectus will be sent to all CFFA
stockholders. CFFA and GCM PubCo also will file other documents regarding the Transactions with the SEC. Before making any voting
decision, investors and security holders of CFFA are urged to read the registration statement, the proxy statement/prospectus
and all other relevant documents filed or that will be filed with the SEC in connection with the Transactions as they become available
because they will contain important information about the Transactions.
Investors
and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC by CFFA through the website maintained by the SEC at www.sec.gov.
Participants
in Solicitation
CFFA
and GCM PubCo and their respective directors and officers may be deemed to be participants in the solicitation of proxies from
CFFA’s stockholders in connection with the Transactions. Information about CFFA’s directors and executive officers
and their ownership of CFFA’s securities is set forth in the Form S-4 registration statement filed by GCM PubCo that includes
a joint proxy statement/prospectus. Additional information regarding the interests of those persons and other persons who may
be deemed participants in the Transactions may be obtained by reading the proxy statement/prospectus regarding the Transactions.
You may obtain free copies of these documents as described in the preceding paragraph.
Item
9.01. Financial Statements and Exhibits.
SIGNATURE
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.
Dated:
October 1, 2020
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CF FINANCE ACQUISITION CORP.
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By:
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/s/
Howard W. Lutnick
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Name:
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Howard W. Lutnick
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Title:
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Chairman and Chief Executive Officer
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CF
Finance Acquisition Corp. Announces Record Date for Special Meeting to Approve Proposed Business Combination with GCM Grosvenor
Inc.
NEW
YORK, October 1, 2020 – CF Finance Acquisition Corp. (“CFAC” or the “Company”) (NASDAQ:
CFFA) announced today that it has established Thursday, October 8, 2020 as the record date (the “Record Date”) for
its special meeting of stockholders (the “Special Meeting”) to be held to, among other things, approve the proposed
business combination (the “Business Combination”) between CFAC and GCM Grosvenor Inc. (“GCM Grosvenor”).
Stockholders of record as of the close of business on the Record Date will be entitled to vote their shares at the Special Meeting.
The Company also announced that it will establish the date of the special meeting at a later time closer to the completion by
the U.S. Securities and Exchange Commission (the “SEC”) of its review of the registration statement on Form S-4 filed
in connection with the Business Combination. The closing of the Business Combination is subject to approval by CFAC’s stockholders
and the satisfaction of other customary closing conditions, which is expected to occur in the fourth quarter of 2020.
About
CF Finance Acquisition Corp.
CF
Finance Acquisition Corp. is a public investment vehicle 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. CFAC is led by
its Chairman and Chief Executive Officer, Howard W. Lutnick, who is also the Chairman and Chief Executive Officer of Cantor Fitzgerald.
CFAC’s securities are traded on the Nasdaq Capital Market under the ticker symbols CFFA, CFFAW and CFFAU.
Forward-Looking
Statements
This
press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the
proposed transaction between GCM Grosvenor and CFAC, including statements regarding the anticipated timing of the transaction.
These forward-looking statements generally are identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,”
“plan,” “may,” “should,” “will,” “would” and similar expressions.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations
and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ
materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transaction
may not be completed in a timely manner or at all, which may adversely affect the price of CFAC’s securities, (ii) the risk
that the transaction may not be completed by CFAC’s business combination deadline and the potential failure to obtain an
extension of the business combination deadline if sought by CFAC, (iii) the failure to satisfy the conditions to the consummation
of the transaction, including the approval by the stockholders of CFAC, the satisfaction of the minimum trust account amount following
redemptions by CFAC’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the occurrence
of any event, change or other circumstance that could give rise to the termination of the transaction, (v) the effect of the announcement
or pendency of the transaction on GCM Grosvenor’s business relationships, performance, and business generally, (vi) risks
that the transaction disrupts current plans of GCM Grosvenor and potential difficulties in GCM Grosvenor employee retention as
a result of the transaction, (vii) the outcome of any legal proceedings that may be instituted against GCM Grosvenor or against
CFAC related to the transaction, (viii) the ability to satisfy the listing requirements on the Nasdaq Stock Market, (ix) volatility
in the price of CFAC’s securities, (x) the ability to implement business plans, forecasts, and other expectations after
the completion of the transaction, and identify and realize additional opportunities, and (xi) the risk of downturns in the highly
competitive asset management industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the “Risk Factors” section of CFAC’s Annual Reports
on Form 10-K, Quarterly Reports on Form 10-Q, the joint registration statement/proxy statement on Form S-4 discussed below and
other documents filed by CFAC from time to time with the SEC. These filings identify and address other important risks and uncertainties
that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements,
and GCM Grosvenor and CFAC assume no obligation and do not intend to update or revise these forward-looking statements, whether
as a result of new information, future events, or otherwise. Neither GCM Grosvenor nor CFAC gives any assurance that either GCM
Grosvenor or CFAC will achieve its expectations.
Additional
Information and Where to Find It
This
press release relates to the proposed transaction between GCM Grosvenor and CFAC. This press release does not constitute an offer
to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. CFAC and GCM Grosvenor have filed a registration statement on Form S-4 that includes a joint proxy
statement/prospectus. The proxy statement/prospectus will be sent to all CFAC stockholders. CFAC and GCM Grosvenor also will file
other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders
of CFAC are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or
that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain
important information about the proposed transaction.
Investors
and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC by CFAC through the website maintained by the SEC at www.sec.gov.
Participants
in Solicitation
CFAC
and GCM Grosvenor and their respective directors and executive officers may be deemed to be participants in the solicitation of
proxies from CFAC’s stockholders in connection with the proposed transaction between CFAC and GCM Grosvenor. Information
about CFAC’s directors and executive officers and their ownership of CFAC’s securities is set forth in the Form S-4
registration statement filed by GCM Grosvenor Inc. that includes a joint proxy statement/prospectus. Additional information regarding
the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by
reading the proxy statement/prospectus regarding the proposed transaction. You may obtain free copies of these documents as described
in the preceding paragraph.
MEDIA
CONTACT:
Karen
Laureano-Rikardsen
klrikardsen@cantor.com
212-829-4975
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