Seven Oaks Acquisition II in a letter to the SEC asked to withdraw an offering of 25 million units initially registered in February.
The SPAC had planned to target businesses aiming to make a positive social impact with a specific emphasis on good ESG (Environmental, Social and Governance) practices.
CEO, Chairman and Director Gary Matthews since December 2020 has served as a managing partner of Tamarix Equity Partners, a private equity fund, and Tamarix Capital Management. Matthews’ first Seven Oaks SPAC closed a merger with e-commerce bulk shopping platform Boxed in December 2021.
Jones Trading was set to be sole book-running manager of the Seven Oaks II offering, with the SPAC intending to list on the Nasdaq. Read more.
