7 Acquisition Corp. (SVNAU) Prices $200M IPO


7 Acquisition Corp. (SVNAU) Prices $200M IPO

7 Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVNAU” Friday, November 5.

The new SPAC intends to focus its selection efforts on companies that provide environmental, business and/or infrastructure products and services that will contribute to a more sustainable future consistent with today’s “ESG” principles. 7 is led by CEO Craig Cogut, CEO Aren LeeKong, CFO Joel Haney, and General Counsel Brian Friedman.

Total SPAC deal count for 2021 year-to-date is now 526. This offering is expected to close on Tuesday, November 9.

Goldman Sachs & Co. LLC is acting as the sole book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel.  Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.