Current Report Filing (8-k)
October 16 2020 - 3:01PM
Edgar (US Regulatory)
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
16, 2020 (October 10, 2020)
CF FINANCE ACQUISITION CORP. II
(Exact name of registrant as specified in
its charter)
Delaware
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001-39470
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84-3235065
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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, NY 10022
(Address of principal executive offices,
including zip code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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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 one-third of one redeemable warrant
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CFIIU
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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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CFII
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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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CFIIW
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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 þ
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.
Forfeiture of Founder Shares
As previously reported, on August 31, 2020,
CF Finance Acquisition Corp. II (the “Company”) consummated its initial public offering (the “IPO”)
of 50,000,000 units (the “Units”). Each Unit consists of one share of Class A common stock of the Company, par
value $0.0001 per share (“Class A Common Stock”), and one-third of one redeemable warrant of the Company (“Warrant”),
with each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share. The Units
were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $500,000,000. The Company also granted the
underwriters in the IPO a 45-day option to purchase up to an additional 7,500,000 units to cover over-allotments, if any. CF Finance
Holdings II, LLC, the Company’s sponsor (the “Sponsor”), owned an aggregate of 14,355,000 shares of Class
B common stock of the Company, par value $0.0001 per share (“Class B Common Stock”) at the consummation of the
IPO, up to 1,875,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment
option is exercised.
On October 10, 2020, upon the expiration
of the 45-day period and the underwriters not exercising the over-allotment option, 1,875,000 shares of Class B Common Stock were
forfeited by the Sponsor in order for it to maintain ownership of 20.0% of the issued and outstanding shares of common stock of
the Company (excluding private units held by the Sponsor). Such forfeited shares were cancelled by the Company.
Separate Trading of Units, Class A Common Stock and Warrants
On October 13, 2020, the Company issued
a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of
the Units may elect to separately trade shares of the Class A Common Stock and the Warrants comprising the Units commencing on
October 15, 2020. Those Units not separated will continue to trade on The Nasdaq Capital Market under the symbol “CFIIU,”
and the Class A Common Stock and Warrants that are separated will trade on The Nasdaq Capital Market under the symbols “CFII”
and “CFIIW,” respectively. No fractional warrants will be issued upon separation of the Units and only whole warrants
will trade. Holders of Units will need to instruct their brokers to contact Continental Stock Transfer & Trust Company, the
Company’s transfer agent, to separate their Units into shares of Class A Common Stock and Warrants.
Item 9.01 Financial Statements and Exhibits.
(d) 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.
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CF FINANCE ACQUISITION CORP. II
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By:
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/s/ Howard W. Lutnick
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Name: Howard W. Lutnick
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Title: Chief Executive Officer
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Dated: October 16, 2020
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