7 Acquisition, a blank check company targeting environmental, business, and infrastructure products and services, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The Stamford, CT-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, 7 Acquisition would command a market value of $250 million.
The company is led by Chairman Craig Cogut, the founder and CEO of private alternative asset management firm Pegasus Capital Advisors, and CEO and Director Aren LeeKong, who most recently served as the Executive Chairman of Organix Recycling. The company plans to target businesses 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 Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol SVNAU. The company filed confidentially on April 5, 2021. Goldman Sachs is the sole bookrunner on the deal. .
