CF Acquisition Corp. VII Announces Pricing of $175 Million Initial Public Offering

Rhea-AI Summary

CF Acquisition Corp. VII (Nasdaq: CFFSU) has priced its initial public offering at $10.00 per unit, raising $175 million. The offering consists of 17,500,000 units, each including one share of Class A common stock and one-third of a warrant, with whole warrants exercisable at $11.50 per share. Trading is set to commence on December 16, 2021, with underwriters having a 45-day option for an additional 2,625,000 units. The offering's closure is anticipated on December 20, 2021.

Positive

• Successful pricing of IPO at $10.00 per unit.
• Raised $175 million in total proceeds.
• Underwriters have an option for an additional 2,625,000 units.

Negative

• None.

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- CF Acquisition Corp. VII (Nasdaq: CFFSU, the "Company") announced today that it priced its initial public offering of 17,500,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ("Nasdaq") and trade under the symbol "CFFSU" beginning Thursday, December 16, 2021. Each unit consists of one share of Class A common stock and one-third of one warrant. Each whole warrant is exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. 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 "CFFS" and "CFFSW," respectively.

The underwriters have been granted a 45-day option to purchase up to an additional 2,625,000 units offered by the Company to cover over-allotments, if any.

The offering is expected to close on December 20, 2021, subject to customary closing conditions.

Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering.

About CF Acquisition Corp. VII

CF Acquisition Corp. VII is a newly organized blank check company sponsored by Cantor Fitzgerald and led by Chairman and Chief Executive Officer Howard W. Lutnick. CF Acquisition Corp. VII was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, but the Company intends to focus on industries where its management team and founders' experience will provide the Company with a competitive advantage, including the financial services, healthcare, real estate services, technology and software industries.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 15, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or a 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.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

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SOURCE CF Acquisition Corp. VII

FAQ

What is the price of CF Acquisition Corp. VII's initial public offering?

CF Acquisition Corp. VII's IPO is priced at $10.00 per unit.

When will CF Acquisition Corp. VII start trading on Nasdaq?

CF Acquisition Corp. VII is expected to begin trading on December 16, 2021.

What is the total amount raised by CF Acquisition Corp. VII in its IPO?

The total amount raised is $175 million.

What options do underwriters have regarding CF Acquisition Corp. VII's IPO?

Underwriters have a 45-day option to purchase an additional 2,625,000 units.

What are the stock symbols related to CF Acquisition Corp. VII?

The stock will trade under the symbols CFFS for common stock, CFFSU for units, and CFFSW for warrants.