LF Money Acquisition Corp. Announces Approval of Extension to Finish Small business Mix

NEW YORK, Dec. 23, 2020 (Globe NEWSWIRE) — LF Money Acquisition Corp. (NASDAQ: LFAC) (“LF Capital”) introduced now that it has acquired approval to extend the deadline to consummate the business enterprise blend with Landsea Households Integrated (the “Business Combination”) from December 22, 2020 to January 22, 2021 (the “Extension”).

LF Money carries on to anticipate that the Business enterprise Mix will shut in the initial 50 percent of January 2021.

Scott Reed, CEO and President of LF Cash commented:

“LF Cash is pleased to announce the effective approval of this extension. LF Capital’s management believes LF Money will be in a situation to complete the Business Mixture in the first 50 % of January 2021 and we appear forward to partnering with Landsea Homes to carry on the growth of primary sustainable homebuilding in the U.S.” 

Advisors

B. Riley Securities and Raymond James & Associates, Inc. are performing as fiscal advisors for LF Money. B. Riley Securities and Barclays are performing as placement agents for LF Cash. Dechert LLP is acting as lawful counsel for LF Cash.

Rothschild & Co is acting as distinctive financial advisor to Landsea Properties. Gibson, Dunn & Crutcher LLP is acting as lawful counsel for Landsea Properties. Barclays is performing as funds marketplaces advisor to Landsea Residences. Gateway Group is serving as communications advisor to Landsea Residences.

About LF Cash Acquisition Corp.

LF Cash Acquisition Corp. is a blank examine company that was fashioned in 2018 for the goal of effecting a merger, capital stock trade, asset acquisition, inventory purchase, reorganization, or comparable business mix with just one or more enterprises. For much more facts, make sure you visit  www.lfcapital.co.

About Landsea Households Incorporated

Landsea Residences types and builds greatest-in-class, high-effectiveness residences and sustainable grasp-planned communities in some of the most appealing marketplaces in the United States. The company has formulated households and communities in, Arizona and through California in Silicon Valley, Los Angeles and Orange County.

Generating motivated sites that replicate present day residing, Landsea Residences builds suburban, one-loved ones detached and hooked up households, mid- and significant-increase qualities and grasp-prepared communities to fulfill the various and at any time-transforming anticipations and existence of our homebuyers these days and tomorrow.

Led by a veteran staff of market experts who boast many years of all over the world experience and deep community know-how, Landsea Properties is committed to positively boosting the lives of our homebuyers, staff and stakeholders by generating an unparalleled life-style knowledge that is unmatched all over the place we develop.

Landsea Residences is at the moment a wholly owned U.S. subsidiary of Landsea Environmentally friendly Group, an intercontinental homebuilder that thinks globally but operates domestically. Working on 3 continents including Europe, Asia and North America, Landsea Green’s deep knowledge and expertise of creating and residing in various environments all more than the environment supply houses that embrace the local way of life in which they are designed. For extra details, be sure to visit landseahomes.com.

Important Information and facts About the Enterprise Blend and The place to Find It

In link with the Enterprise Mix, LF Money filed a definitive proxy assertion with the Securities and Exchange Fee (the “SEC”) on November 23, 2020 (the “Proxy Statement”). LF Funds mailed the Proxy Statement and other applicable paperwork to its stockholders commencing on or about November 27, 2020. LF Capital’s stockholders and other fascinated people are suggested to read the definitive proxy statement and any amendments thereto in connection with LF Capital’s solicitation of proxies for its specific assembly of stockholders to be held to approve, between other factors, the Enterprise Mix, for the reason that these files have critical info about LF Capital, Landsea Houses and the Business enterprise Mixture. LF Capital’s stockholders might also get a copy of the definitive proxy statement as effectively as other paperwork submitted with the SEC by LF Funds, without cost, at the SEC’s website found at www.sec.gov or by directing a ask for to: LF Money Acquisition Corp., 600 Madison Avenue, Suite 1802, New York, NY 10022. The information contained on, or that might be accessed by means of, the web-sites referenced in this push launch is not included by reference into, and is not a aspect of, this push launch.

Contributors in the Solicitation

LF Money and its directors, government officers, other members of administration, and workforce, below SEC policies, may be considered to be contributors in the solicitation of proxies of LF Capital’s stockholders in connection with the proposed merger and relevant transactions. Investors and protection holders could receive more in-depth data about the names and pursuits in the proposed transactions of LF Capital’s directors and officers in LF Capital’s filings with the SEC, like LF Capital’s Annual Report on Form 10-K for the fiscal calendar year ended December 31, 2019, which was submitted with the SEC on February 24, 2020 and such information and facts in the preliminary proxy statement and amendments thereto submitted with the SEC by LF Cash in link with the proposed merger and connected transactions.

Ahead Looking Statements

This push release features “forward searching statements” inside the indicating of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. When employed in this push release, the words and phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these phrases or very similar expressions (or the destructive versions of these terms or expressions) are intended to detect ahead-on the lookout statements.

These forward-searching statements are not guarantees of future efficiency, situations or effects, and require a selection of acknowledged and unfamiliar pitfalls, uncertainties, assumptions and other crucial aspects, many of which are outdoors LF Capital’s management’s control, that could induce real success or results to vary materially from individuals mentioned in the ahead-looking statements. Significant factors, among some others, that may possibly have an affect on genuine success or results incorporate: the ailments to the completion of the merger, like the needed acceptance by LF Capital’s stockholders, may possibly not be glad on the phrases envisioned or on the predicted program the parties’ potential to fulfill expectations with regards to the timing and completion of the merger the prevalence of any event, adjust or other circumstance that could give rise to the termination of the Merger Agreement the approval by LF Capital’s stockholders of an modification to LF Capital’s organizational files to extend the date by which LF Capital have to total its initial business enterprise combination in buy to have adequate time to shut the proposed transaction the final result of any authorized proceedings that could be instituted against the Corporation relevant to the merger or the Merger Arrangement and the sum of the costs, costs, expenses and other rates similar to the merger. LF Capital undertakes no obligation to update or revise any forward-wanting statements, no matter whether as a result of new information and facts, long term situations or if not, besides as demanded by regulation.

No Provide or Solicitation

This push release shall not represent a solicitation of a proxy, consent or authorization with regard to any securities or in respect of the proposed transaction. This press release shall also not constitute an give to offer or the solicitation of an offer to obtain any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer you, solicitation or sale would be unlawful prior to registration or qualification beneath the securities legislation of any this kind of jurisdiction. No offering of securities shall be built except by indicates of a prospectus conference the needs of segment 10 of the Securities Act of 1933, as amended.

LF Cash Make contact with:

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

Landsea Properties Contact:

John Ho
Main Government Officer
949-345-8080

Trader Relations Speak to:

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