IDX, A Peloton Portfolio Company, Announces Closing Of Its Previously Announced Business Combination With L&F Acquisition Corp. and ZeroFox, Inc.
ZeroFox debuts as first external cybersecurity company to go public in 2022 with completion of business combination
WASHINGTON and NEW YORK – (Aug. 4, 2022) – 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 trades on the Nasdaq Stock Market 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.”
About ZeroFox
ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service leader in external cybersecurity, has redefined security outside the corporate perimeter on the internet, where businesses operate, and threat actors thrive. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust portfolio of breach, incident and takedown response capabilities to expose and disrupt phishing and fraud campaigns, botnet exposures, credential theft, impersonations, data breaches, and physical threats that target your brands, domains, people, and assets. Join thousands of customers, including some of the largest public sector organizations as well as finance, media, technology and retail companies to stay ahead of adversaries and address the entire lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the U.S. and other countries. Visit www.zerofox.com for more information.