7 Acquisition priced its IPO of 20 million units at $10 each.
Units list on the Nasdaq and begin trading today under SVNAU. Each consists of a share and one-half of a warrant.
When the securities begin separate trading, shares and warrants are expected to list under SVNA and SVNAW.
The SPAC said in its initial filing with the SEC that it will target companies providing environmental, business and/or infrastructure products and services that will contribute to a more sustainable future.
Goldman Sachs is sole book-running manager for the offering. The underwriters’ over-allotment option covers the purchase of up to an additional 3 million units.
The offering is expected to close Nov. 9. Read more.
