Churchill Capital VII in an amended S-1 filing more than tripled its deal size to $1 billion — up from the initial filing last month to raise $300 million. Churchill VII now plans to offer 100 million units at $10 each.
The SPAC is led by CEO and Chairman Michael Klein, founder and managing partner of strategic advisory firm M. Klein and Company. His last SPAC, Churchill VI, filed for a $400 million raise last month. Churchill V raised $450 million in December. In unconfirmed news reports, Churchill IV is in merger talks with electric vehicle maker Lucid Motors.
The SPAC plans a Nasdaq listing under CVII.U. Read more.
