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CF Acquisition Corp. VII (Nasdaq: CFFSU) announced that starting February 10, 2022, holders of its 18,250,000 units may trade shares of Class A common stock and warrants separately. The separated shares will trade under the symbols CFFS and CFFSW, while units not separated will continue trading as CFFSU. This initiative enables flexibility for investors and reflects the company's strategic movement in the market as it prepares for potential acquisitions.
CF Acquisition Corp. VII (Nasdaq: CFFSU) completed its initial public offering on December 20, 2021, raising $182,500,000 by offering 18,250,000 units at $10.00 each, including an over-allotment of 750,000 units. The units started trading on December 16, 2021. Each unit consists of a Class A common stock share and a third of a warrant, with whole warrants exercisable at $11.50 per share. Proceeds from the IPO are set to be placed in trust alongside a private placement and sponsor loan amounting to $186,150,000. The company aims to identify prospective target businesses across various industries.
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.
