Seven Oaks Acquisition Corp. Prices Upsized $225M IPO


Seven Oaks Acquisition Corp. Prices Upsized $225M IPO

Seven Oaks Acquisition Corp. announced the pricing of its upsized $225 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SVOKU” tomorrow, Friday, December 18.

The new company aims to combine with a business that aligns with strong ESG principles and has a committed and talented management team. Seven Oaks is led by Chairman and CEO Gary Matthews alongside CFO Andrew C. Pearson, COO David S. Harris and Chief ESG Officer Randolph K. Tucker.

Total SPAC deal count for 2020 year-to-date is now 242 with $81.04 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 22.

JonesTrading Institutional Services LLC (“JonesTrading”) is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD), is serving as lead manager for the offering. Academy Securities, Loop Capital Markets and Tigress Financial Partners are acting as co-managers for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.