7GC & Co. Holdings Inc. (VIIU) Prices Upsized $200M IPO

SPAC pricing

7GC & Co. Holdings Inc. (VIIU) Prices Upsized $200M IPO

7GC & Co. Holdings Inc. announced the pricing of its upsized $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VIIAU” Wednesday, December 23.

The new company aims to combine with a scalable technology business valued at $500 million to $1.5 billion. 7GC is led by Chairman, CEO and President Jack Leeney alongside CFO, COO and Secretary Christopher Walsh.

Total SPAC deal count for 2020 year-to-date is now 244 with $81.7 billion in gross proceeds raised. This offering is expected to close on Monday, December 28.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.