{"id":402519,"date":"2020-12-17T21:58:31","date_gmt":"2020-12-18T02:58:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402519"},"modified":"2020-12-17T21:58:31","modified_gmt":"2020-12-18T02:58:31","slug":"seven-oaks-acquisition-corp-announces-pricing-of-upsized-225-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seven-oaks-acquisition-corp-announces-pricing-of-upsized-225-million-initial-public-offering\/","title":{"rendered":"Seven Oaks Acquisition Corp. Announces Pricing of Upsized $225 Million Initial Public Offering"},"content":{"rendered":"
\n

NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — Seven Oaks Acquisition Corp. (the \u201cCompany\u201d) today announced the pricing of its upsized initial public offering of 22,500,000 units at a price of $10.00 per unit. The units will be listed on The NASDAQ Capital Market (\u201cNASDAQ\u201d) and trade under the ticker symbol \u201cSVOKU\u201d beginning December 18, 2020. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ under the symbols \u201cSVOK\u201d and \u201cSVOKW,\u201d respectively.<\/p>\n

Seven Oaks Acquisition Corp., led by Chairman and CEO Gary Matthews, is a special purpose acquisition company formed for the purpose of entering into a business combination with one or more businesses. While the Company may pursue a business combination in any industry, the Company intends to focus its search on companies with strong Environmental, Social and Governance practices or the ability to materially improve such practices.<\/p>\n

JonesTrading Institutional Services LLC (\u201cJonesTrading\u201d) is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD), is serving as lead manager for the offering. Academy Securities, Loop Capital Markets and Tigress Financial Partners are acting as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on December 22, 2020, subject to customary closing conditions.<\/p>\n

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from JonesTrading by e-mailing syndicate@jonestrading.com.<\/p>\n

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on December 17, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

Cautionary Note Concerning Forward-Looking Statements<\/p>\n

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n


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\n \n <\/div>\n

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Contact:\r\nDrew Pearson\r\ndrew@sevenoaksacquisition.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — Seven Oaks Acquisition Corp. (the \u201cCompany\u201d) today announced the pricing of its upsized initial public offering of 22,500,000 units at a price of $10.00 per unit. The units will be listed on The NASDAQ Capital Market (\u201cNASDAQ\u201d) and trade under the ticker symbol \u201cSVOKU\u201d beginning December 18, 2020. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ … <\/p>\n
Continue reading “Seven Oaks Acquisition Corp. Announces Pricing of Upsized $225 Million Initial Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402519","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSeven Oaks Acquisition Corp. 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