SPAC 7 Acquisition prices $200 million IPO, led by founder of Pegasus Capital Advisors

7 Acquisition, a blank check company targeting environmental, business, and infrastructure products and services, raised $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.

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 plans to list on the Nasdaq under the symbol SVNAU. Goldman Sachs acted as sole bookrunner on the deal.