7 Acquisition Corporation
SVNAU
NASDAQ Global Market10.48
USD
- -
- -
CIK
0001850699
CUSIP
G80694121
Return %
Stock
S&P500
1Y
3.87
19.99
3Y
3.97
69.40
5Y
3.97
72.03
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Aren C. LeeKong
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 750 East Main Street Stamford CT United States of America 06902
- CIK
- 0001850699
- Website
- 7acquisitioncorp.com
- Similar Companies
- Business
- 7 Acquisition Corporation (SVNAU) operates as a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities; it focuses its search primarily on companies aligned with Environmental, Social, and Governance (ESG) principles, emphasizing sustainable products, services, business processes, and practices that benefit the environment and communities. Incorporated in 2021 and headquartered in Stamford, Connecticut, the company completed its initial public offering in November 2021, raising $230 million through the issuance of 23 million units at $10.00 per unit on the Nasdaq Global Market under the ticker SVNAU, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share; units began separate trading of shares (SVNA) and warrants (SVNAW) in December 2021. The company maintains its cash proceeds primarily in trust for a potential de-SPAC transaction while targeting opportunities in industries promoting sustainability without current operations beyond the pursuit of such a combination. In May 2023, 7 Acquisition Corporation announced the redemption of all outstanding public shares and decided not to consummate an initial business combination, marking the liquidation of its units after failing to identify and complete a suitable merger within the required timeframe.