Lights Out at 7 Acquisition

7 Acquisition said today it will be unable to close a deal by its deadline and so will redeem and shit down May 10.

 The per-share redemption price is expected to be approximately $10.48.

7 Acquisition raised $230 million in a November 2021 . The SPAC said in its initial filing with the SEC that it would companies providing environmental, business and/or infrastructure products and services that will contribute to a more sustainable future.

7 Acquisition is led by Chairman Craig Cogut, who founded Pegasus Capital Advisors in 1996 and serves as chairman and CEO. Pegasus is a private alternative asset management firm. Read more.

Source: Lights Out at 7 Acquisition