CF Acquisition Corp. IV Announces Special Meeting Of Stockholders To Be Held At 4:00 p.m. On December 22, 2022 And That Trust Account Will Bear Interest And Will Not Be Decreased Due To Excise Tax

CF Acquisition Corp. IV (NASDAQ:CFIV) (the "Company") today announced that its special meeting in lieu of an annual meeting of the stockholders (the "Meeting") will be postponed from 10:00 a.m. to 4:00 p.m. Eastern Time on December 22, 2022. The record date for determining the Company stockholders entitled to receive notice of and to vote at the Meeting remains the close of business on November 17, 2022 (the "Record Date"). Stockholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Stockholders as of the Record Date can vote, even if they have subsequently sold their shares. Stockholders who wish to withdraw their previously submitted redemption request may do so prior to the rescheduled meeting by requesting that the Company's transfer agent return such shares by 3:00 p.m. Eastern Time on December 22, 2022.

Additionally, to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, in the event that the extension (the "Extension") of the time period the Company has to complete an initial business combination (the "Business Combination") is implemented, as described in the Company's definitive proxy statement (the "Proxy Statement"), CF Acquisition Corp. IV LLC (the "Sponsor"), the sponsor of the Company, or a designee, will indemnify the Company against any excise tax liabilities with respect to any future redemption opportunities that are provided after December 31, 2022 and prior to or in connection with a Business Combination or liquidation of the Company. Additionally, if the Extension is implemented, the Company plans to maintain the remaining amount in its trust account (the "Trust Account") in an interest-bearing demand deposit account at a bank.

If the Extension is implemented, the Sponsor has agreed to deposit into the Trust Account: (i) the lesser of (x) $500,000 per month or (y) $0.045 per month for each public share that is not redeemed (the "Monthly Amount") plus (ii) if the Business Combination is not consummated by January 28, 2023, the Monthly Amount for each calendar month that is needed by the Company to complete the Business Combination until June 28, 2023.