LF Money Acquisition Corp. Announces Acceptance of Extension to Comprehensive Business enterprise Combination

NEW YORK, Dec. 23, 2020 (World NEWSWIRE) — LF Money Acquisition Corp. (NASDAQ:LFAC) (“LF Cash”) declared currently that it has gained approval to prolong the deadline to consummate the company mix with Landsea Houses Incorporated (the “Enterprise Mix”) from December 22, 2020 to January 22, 2021 (the “Extension”).

LF Cash carries on to anticipate that the Business enterprise Blend will near in the first 50 % of January 2021.

Scott Reed, CEO and President of LF Funds commented:

“LF Money is pleased to announce the effective approval of this extension. LF Capital’s management thinks LF Money will be in a place to full the Small business Mix in the initial 50 % of January 2021 and we appear ahead to partnering with Landsea Residences to continue on the progress of primary sustainable homebuilding in the U.S.” 

Advisors

B. Riley Securities and Raymond James & Associates, Inc. are acting as monetary advisors for LF Cash. B. Riley Securities and Barclays are performing as placement agents for LF Capital. Dechert LLP is acting as legal counsel for LF Funds.

Rothschild & Co is performing as exclusive economic advisor to Landsea Properties. Gibson, Dunn & Crutcher LLP is acting as legal counsel for Landsea Homes. Barclays is acting as funds marketplaces advisor to Landsea Homes. Gateway Team is serving as communications advisor to Landsea Residences.

About LF Money Acquisition Corp.

LF Funds Acquisition Corp. is a blank verify enterprise that was formed in 2018 for the reason of effecting a merger, capital stock exchange, asset acquisition, stock buy, reorganization, or identical organization blend with a person or far more businesses. For much more details, please visit www.lfcapital.co.

About Landsea Households Integrated

Landsea Residences styles and builds finest-in-course, significant-general performance households and sustainable learn-prepared communities in some of the most fascinating markets in the United States. The organization has developed properties and communities in, Arizona and during California in Silicon Valley, Los Angeles and Orange County.

Generating inspired destinations that reflect contemporary dwelling, Landsea Households builds suburban, solitary-relatives detached and connected houses, mid- and high-increase houses and master-planned communities to satisfy the various and ever-shifting anticipations and existence of our homebuyers currently and tomorrow.

Led by a veteran staff of sector specialists who boast a long time of all over the world practical experience and deep community know-how, Landsea Homes is committed to positively maximizing the lives of our homebuyers, personnel and stakeholders by building an unparalleled life style working experience that is unmatched everywhere we establish.

Landsea Residences is presently a wholly owned U.S. subsidiary of Landsea Environmentally friendly Group, an global homebuilder that thinks globally but operates locally. Running on three continents including Europe, Asia and North The us, Landsea Green’s deep know-how and knowledge of constructing and living in unique environments all in excess of the world deliver residences that embrace the regional way of life in which they are developed. For more information and facts, please stop by landseahomes.com.

Crucial Information and facts About the Company Mixture and Where to Discover It

In relationship with the Enterprise Combination, LF Cash submitted a definitive proxy statement with the Securities and Exchange Fee (the “SEC”) on November 23, 2020 (the “Proxy Statement”). LF Cash mailed the Proxy Statement and other related paperwork to its stockholders commencing on or about November 27, 2020. LF Capital’s stockholders and other interested people are encouraged to examine the definitive proxy statement and any amendments thereto in relationship with LF Capital’s solicitation of proxies for its special conference of stockholders to be held to approve, amid other items, the Organization Blend, simply because these paperwork comprise essential information about LF Funds, Landsea Houses and the Small business Combination. LF Capital’s stockholders may well also get a duplicate of the definitive proxy assertion as well as other files submitted with the SEC by LF Capital, devoid of demand, at the SEC’s site found at www.sec.gov or by directing a ask for to: LF Capital Acquisition Corp., 600 Madison Avenue, Suite 1802, New York, NY 10022. The details contained on, or that may be accessed as a result of, the web-sites referenced in this press launch is not integrated by reference into, and is not a portion of, this push launch.

Members in the Solicitation

LF Cash and its directors, government officers, other customers of administration, and staff members, under SEC principles, might be considered to be participants in the solicitation of proxies of LF Capital’s stockholders in relationship with the proposed merger and connected transactions. Investors and stability holders could get hold of more in depth information about the names and pursuits in the proposed transactions of LF Capital’s administrators and officers in LF Capital’s filings with the SEC, including LF Capital’s Once-a-year Report on Sort 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 24, 2020 and this sort of data in the preliminary proxy assertion and amendments thereto submitted with the SEC by LF Cash in connection with the proposed merger and connected transactions.

Forward Wanting Statements

This push release involves “forward wanting statements” within just the which means of the “safe and sound harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. When used in this push release, the words and phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “programs,” “intends,” “thinks,” “seeks,” “may perhaps,” “will,” “need to,” “long run,” “propose” and variations of these words and phrases or similar expressions (or the detrimental versions of these types of words or expressions) are intended to determine ahead-searching statements.

These forward-searching statements are not guarantees of upcoming overall performance, conditions or success, and contain a amount of identified and unknown hazards, uncertainties, assumptions and other essential variables, numerous of which are outside the house LF Capital’s management’s command, that could result in true success or results to differ materially from all those reviewed in the forward-searching statements. Significant variables, between other people, that may perhaps have an effect on real outcomes or results consist of: the circumstances to the completion of the merger, which includes the expected approval by LF Capital’s stockholders, may possibly not be pleased on the terms envisioned or on the anticipated agenda the parties’ capacity to satisfy anticipations pertaining to the timing and completion of the merger the prevalence of any celebration, transform or other circumstance that could give rise to the termination of the Merger Agreement the acceptance by LF Capital’s stockholders of an amendment to LF Capital’s organizational paperwork to extend the date by which LF Capital must full its first enterprise combination in purchase to have sufficient time to shut the proposed transaction the end result of any legal proceedings that may possibly be instituted from the Firm linked to the merger or the Merger Agreement and the volume of the fees, charges, charges and other rates linked to the merger. LF Cash undertakes no obligation to update or revise any forward-looking statements, whether as a end result of new info, long term activities or in any other case, other than as demanded by regulation.

No Offer or Solicitation

This press launch shall not constitute a solicitation of a proxy, consent or authorization with regard to any securities or in regard of the proposed transaction. This press release shall also not constitute an offer you to promote or the solicitation of an give to obtain any securities, nor shall there be any sale of securities in any states or jurisdictions in which these types of give, solicitation or sale would be unlawful prior to registration or qualification less than the securities regulations of any these jurisdiction. No presenting of securities shall be produced other than by signifies of a prospectus assembly the needs of area 10 of the Securities Act of 1933, as amended.

LF Money Get hold of:

Scott A. Reed
Main Executive Officer and President
214-740-6112

Landsea Households Contact:

John Ho
Main Executive Officer
949-345-8080

Trader Relations Contact:

Cody Slach
Gateway Trader Relations
949-574-3860
[email protected]