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.