NEW
YORK, June 12, 2023 /PRNewswire/ -- CF
Acquisition Corp. VII (NASDAQ: CFFS) (the "Company") today
announced that the special meeting of stockholders (the
"Meeting"), which was originally scheduled for June 14, 2023, is being postponed to 10 a.m. Eastern Time on June 16, 2023.
The Meeting is for stockholders to consider amending the
Company's amended and restated certificate of incorporation
("Extension Amendment") to extend the date by which the Company
must completing a business combination from June 20, 2023 to March 20,
2024 or such earlier date as determined by the board of
directors of the Company (the "Extension").
The record date for the Meeting to vote on the Extension remains
the close of business on May 1, 2023
(the "Record Date"). Stockholders who have previously submitted
their proxy 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 can continue to vote by internet or by calling the
Company's proxy solicitor, Morrow Sodali, LLC ("Morrow Sodali"), at
(800) 662-5200 (toll free). Votes will be accepted up to and
during the postponed meeting. If stockholders have any questions or
need assistance, please contact Morrow Sodali at (800) 662-5200
(toll free) or by email at CFFS.info@investor.morrowsodali.com.
In connection with the postponed Meeting date, the Company has
extended the deadline for holders of the Company's Class A
common stock issued in the Company's initial public offering to
submit their shares for redemption in connection with the Extension
to 5:00 p.m. Eastern Time on
June 14, 2023. Stockholders who wish
to withdraw their previously submitted redemption request may do so
prior to the rescheduled meeting by requesting that the transfer
agent return such shares.
If the Extension Amendment is approved and implemented, the
Sponsor has agreed to loan to the Company, which will be deposited
into the Company's trust account, $0.03 per month for each public share that is not
redeemed for each calendar month that is needed by the Company to
complete a business combination until March
20, 2024.
About CF Acquisition Corp. VII
CF Acquisition Corp. VII 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. VII 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
filed by the Company on May 19, 2023
(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 May 22, 2023,
mailed the Proxy Statement and other relevant documents to its
stockholders as of the May 1, 2023 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
CFFS.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.
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SOURCE CF Acquisition Corp. VII
