CF Finance Holdings II $12M Securities Settlement

If you held shares of CF Finance Acquisition Corp. II Class A common stock as of the close of the market on March 3, 2021, and did not redeem all or some of your shares, you may be eligible to claim a portion of a $12,000,000 settlement from a class action settlement.

CF Finance Holdings II LLC has agreed to pay $12,000,000 to settle a class action lawsuit for alleged breaches of fiduciary duty, aiding and abetting, and unjust enrichment.

Who are the Class Members?

Class members include individuals who held shares of CF II Class A common stock as of the Redemption Deadline on March 3, 2021, and did not redeem all or some of their shares. This also extends to their heirs, successors-in-interest, successors, transferees, and assigns.

To be eligible:

• You must have held shares as of the close of the market on March 3, 2021.
• You must not have redeemed all or some of your shares in connection with the merger.

How much can class members get?

The settlement amount of $12,000,000 will be distributed among eligible class members. The exact amount each member can receive will depend on the total number of valid claims submitted and the number of shares held.

The distribution will be calculated based on the Recognized Claim formula, which considers the number of shares held and the sale price of shares sold after the merger.

• Shares sold below $10.00: Recognized Claim = $10.00 - Sale Price + $0.10 per share
• Shares held as of November 13, 2023: Recognized Claim = $9.97 + $0.10 per share

The Net Settlement Fund will be distributed to Authorized Claimants on a pro rata basis based on the relative size of their Recognized Claims. If the sum total of Recognized Claims exceeds the Net Settlement Fund, each Authorized Claimant will receive their pro rata share.

How to claim an award

To claim an award, class members must complete and submit a Proof of Claim and Release form. This can be done online through the online claim form or by mailing the completed form to the Settlement Administrator.

CFII Stockholder Settlement

Settlement Administrator

c/o Gilardi & Co. LLC

P.O. Box 301171

Los Angeles, CA 90030-1171

Claimants need to provide proof of their holdings and transactions. This includes documentation such as stockbroker confirmation slips or statements that verify the number of shares held and the transaction details.

Claims must be submitted online or postmarked by December 17, 2024.

Claim instructions

1. Gather all necessary documentation, including proof of shares held and transaction records.
2. Complete the Proof of Claim and Release form, ensuring all sections are filled out accurately.
3. Submit the form online or mail it to the Settlement Administrator by the deadline.

$12,000,000 Settlement Fund

The settlement fund of $12,000,000 will cover payments to eligible class members, attorneys' fees, and other costs associated with the settlement. The exact distribution will depend on the number of valid claims submitted.

• Settlement Amount: $12,000,000
• Attorneys' Fees: Up to 20% of the Settlement Amount
• Service Awards: Up to $10,000 for each Plaintiff

Important dates

• Deadline to File a Claim: December 17, 2024
• Final Approval Hearing: December 6, 2024

When is the CF II Stockholder Settlement payout date?

Following the final approval hearing on December 6, 2024, the Court will decide whether to approve the settlement. If approved, the claims will be processed, and payments will be distributed to eligible class members.