ZeroFox Begins Trading on Nasdaq Under Symbol "ZFOX"
WASHINGTON and NEW YORK, Aug. 04, 2022 (GLOBE NEWSWIRE) -- ZeroFox, Inc., an enterprise software-as-a-service leader in external cybersecurity, today reported the closing of its previously announced business combination with L&F Acquisition Corp. (“L&F”), a special purpose acquisition company, and ID Experts Holdings, Inc. (“IDX”). L&F shareholders approved the transaction at L&F’s extraordinary general meeting held on Aug. 2, 2022, and the transaction was completed on Aug. 3, 2022.
The combined company is now called ZeroFox Holdings, Inc. and will begin trading on the Nasdaq Stock Market at market open today, Aug. 4, 2022, under the ticker symbol “ZFOX” for its common stock and “ZFOXW” for its publicly traded warrants.
“We were attracted to ZeroFox for its proven business model, strong leadership and exceptional products, and together with IDX, the company will provide a holistic offering to meet the growing demand for external threat protection and breach response services,” said Adam Gerchen, CEO of L&F. “I look forward to continuing my collaboration with Foster and the management team, helping ZeroFox to capture a significant share of the external cybersecurity and digital protection market.”
“We are pleased to complete our business combination with L&F and IDX. We now begin our next chapter as a public company and I want to thank all of our early customers, investors, innovators and Foxes around the world,” said James C. Foster, co-founder, chairman, and CEO of ZeroFox. “As I stated at the beginning of this process, we have a bold vision for ZeroFox, to make the internet a safer place, eradicate cybercrime and enable digital prosperity. We recognized early on that digital transformation would change how people conduct business and how humans interact; and that malicious actors would exploit these new technologies and advances, thus exposing organizations to new types of risk. We are looking forward to the future and believe ZeroFox is positioned to capitalize on significant growth opportunities and generate substantial value for all stakeholders.”
ZeroFox will ring the closing bell at Nasdaq Marketsite today, Aug. 4 at 4 p.m. ET. A livestream of the closing bell ceremony will be available here.
Additional information concerning these, and other risks, is described under “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations of ZeroFox” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations of IDX” in the definitive proxy statement/prospectus of L&F Acquisition Corp. filed with the SEC on July 14, 2022. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.