- Business
- CF Acquisition Corp. VII (CFFSW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations beyond pursuing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses, primarily in the financial services, healthcare, real estate services, technology, and software industries; it offers Class A common stock, redeemable warrants exercisable at $11.50 per share, and units comprising one share of Class A common stock and one-third of a warrant. The company, sponsored by Cantor Fitzgerald and led by Chairman and Chief Executive Officer Howard W. Lutnick, was incorporated in 2020 and maintains its headquarters at 110 East 59th Street in New York, New York. In a major recent development, CF Acquisition Corp. VII announced in December 2024 its decision to delist from Nasdaq, liquidate assets, redeem outstanding public shares at approximately $11.41 per share, and dissolve by December 31, 2024, following the failure to complete a business combination by the extended deadline of March 20, 2025 despite stockholder approval of extensions and monthly trust deposits; trading of its securities was suspended starting December 23, 2024, with warrants set to expire worthless and the company filing Form 15 to suspend SEC reporting obligations.