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Cybersecurity Agency ZeroFox Begins Buying and selling on Nasdaq by way of SPAC Deal

By Mike Lennon on August 04, 2022

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Social media risk safety agency ZeroFox will start buying and selling on the Nasdaq Inventory Market in the present day because of the beforehand introduced deal by particular objective acquisition firm (SPAC) L&F Acquisition Corp. that mixes ZeroFox with incident response companies agency IDX .

The mixed firm is now referred to as ZeroFox Holdings, Inc. and can commerce underneath the ticker image “ZFOX” for its frequent inventory and “ZFOXW” for its publicly traded warrants.

ZeroFox supplies an AI-powered platform that protects customers and types from social media-sourced threats. The platform analyzes tens of millions of items of publicly-accessible content material in platforms reminiscent of Microsoft 365, G Suite, LinkedIn, Fb, Slack, Instagram, and Apple and Google cell app shops — searching for potential threats reminiscent of account compromise, fraudulent profiles, enterprise e-mail compromise and spear-phishing on digital platforms. 

When the SPAC deal was first introduced in December 2021, the mixed firm was anticipated to have a professional forma fairness worth of roughly $1.four billion, assuming no redemptions, leading to over $250 million of money on the mixed firm’s steadiness sheet. 

ZeroFox, which has raised greater than $154 million in funding, was based in 2013 by Chris Cullison, Evan Blair, Hillary Herlehy (chief individuals officer), James Foster (CEO), and Robert Francis. 

ZeroFox Holdings has greater than 650 workers and serve practically 2,000 clients.

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