7GC & Co. Holdings Inc. Announces Closing of Upsized $230,000,000 Initial Public Offering
SAN FRANCISCO, Dec. 28, 2020 (GLOBE NEWSWIRE) -- 7GC & Co. Holdings Inc. (NASDAQ: VIIAU) (the “Company”) announced today that it closed its upsized initial public offering of 23,000,000 units at
The Company’s units are listed on the Nasdaq Capital Market (“Nasdaq”) and commenced trading under the ticker symbol “VIIAU” on December 23, 2020. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or sector, it intends to concentrate its efforts in identifying businesses in the technology industry. The Company is led by its Chief Executive Officer, Jack Leeney, and its Chief Financial Officer, Christopher Walsh.
Cantor Fitzgerald & Co. acted as the sole book running manager for the offering.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants,
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com.
Registration statements relating to these securities have been filed with the Securities and Exchange Commission (the “SEC”) and were declared effective on December 22, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s final prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Jack Leeney
Chief Executive Officer
7GC & Co. Holdings Inc.
(628) 400-9284
Jack@7gc.co