Item 8.01. Other Events.
On December 28, 2020, 7GC & Co. Holdings Inc. (the "Company") consummated its
initial public offering (the "IPO") of 23,000,000 units (the "Units"), including
3,000,000 Units issued pursuant to the exercise of the underwriters'
over-allotment option in full. Each Unit consists of one share of Class A common
stock of the Company, par value $0.0001 per share ("Class A Common Stock"), and
one-half of one redeemable warrant of the Company ("Warrant"), with each whole
Warrant entitling the holder thereof to purchase one share of Class A Common
Stock for $11.50 per share. The Units were sold at a price of $10.00 per Unit,
generating gross proceeds to the Company of $230,000,000.
On December 28, 2020, simultaneously with the consummation of the IPO, the
Company completed the private sale (the "Private Placement") of an aggregate of
7,350,000 warrants (the "Private Placement Warrants") to 7GC & Co. Holdings LLC
(the "Sponsor") at a purchase price of $1.00 per Private Placement Warrant,
generating gross proceeds to the Company of $7,350,000.
A total of $230,000,000 of the proceeds from the IPO (which amount includes
$8,050,000 of the deferred underwriting commissions) and the sale of the Private
Placement Warrants, was placed in a U.S.-based trust account at J.P. Morgan
Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company,
acting as trustee.
An audited balance sheet as of December 28, 2020 reflecting receipt of the
proceeds upon consummation of the IPO and the Private Placement has been issued
by the Company and is included as Exhibit 99.1 to this Current Report on Form
8-K.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Audited Balance Sheet as of December 28, 2020.
1
© Edgar Online, source Glimpses