• ZeroFox, an AI-based cybersecurity platform, commenced trading on the Nasdaq under the ticker “ZFOX”. Shares of ZeroFox Holdings closed their first day of trading at USD 14.60, 42% higher than its IPO price of USD 10.

• The combined entity “ZeroFox Holdings” will integrate IDX solutions such as breach response services, privacy protection, and advanced executive protection and privacy solutions into the ZeroFox platform to expand the ZeroFox Response offerings over the next several months.

• ZeroFox estimated that it will achieve USD 150 million in revenue by the end of 2022 and also expects to be acquired in the future.

<ul><li> Analyst QuickTake: ZeroFox Holdings was expected to have an pro forma equity value of USD 1.4 billion when the special purpose acquisition deal was first announced in December 2021 . ZeroFox went public after closing its merger with the SPAC, L&F Acquisition Corp (L&F), and acquiring the digital privacy and data breach response services company, ID Experts Holdings (IDX).</ul>