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7GC & Co. Holdings, a SPAC formed by 7GC and Hennessy Capital, prices upsized $200 million IPO at $10

December 23, 2020

7GC & Co. Holdings, a blank check company formed by 7GC and Hennessy Capital targeting a tech business, raised $200 million by offering 20 million units at $10. The company offered 2.5 million more units than anticipated. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Jack Leeney, who is a Founding Partner of 7GC and previously served as Head of US Investing for Telefonica Ventures. He is joined by CFO and COO Christopher Walsh, who is currently a VP at 7GC and previously was a founding member at Empros Capital. Hennessy Capital Managing Partners Thomas Hennessy and Joseph Beck, who most recently served as Co-CEOs of recent IPO PropTech Investment II (PTICU), will serve as Directors.

7GC & Co. Holdings seeks to leverage the extensive SPAC experience and technology relationships of its officers, directors, and advisors with founders, venture capitalists, and growth equity managers to identify and partner with a high growth, cutting-edge technology business.

7GC & Co. Holdings plans to list on the Nasdaq under the symbol VIIAU. Cantor Fitzgerald acted as a lead manager on the deal.