CF Acquisition VII, the seventh blank check company formed by Cantor Fitzgerald, raised $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company may raise an additional $10 million at the closing of an acquisition pursuant to a forward purchase agreement with the sponsor.
The company is led by CEO and Chairman Howard Lutnick, the CEO and Chairman of Cantor, and President and Director Anshu Jain, the President of Cantor. The company plans to leverage its management team's experience to target businesses in the financial services, healthcare, real estate services, technology, and software industries.
CF Acquisition VII plans to list on the Nasdaq under the symbol CFFSU. Cantor Fitzgerald acted as sole bookrunner on the deal.
