Seven Oaks Acquisition Corp. Announces Pricing of Upsized $225M IPO

Seven Oaks Acquisition Corp. (the “Company”) today announced the pricing of its upsized initial public offering of 22,500,000 units at a price of $10.00 per unit. The units will be listed on The NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “SVOKU” beginning December 18, 2020. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. 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 “SVOK” and “SVOKW,” respectively.

Seven Oaks Acquisition Corp., led by Chairman and CEO Gary Matthews, is a special purpose acquisition company formed for the purpose of entering into a business combination with one or more businesses. While the Company may pursue a business combination in any industry, the Company intends to focus its search on companies with strong Environmental, Social and Governance practices or the ability to materially improve such practices.

JonesTrading Institutional Services LLC (“JonesTrading”) is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD), is serving as lead manager for the offering. Academy Securities, Loop Capital Markets and Tigress Financial Partners are acting as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on December 22, 2020, subject to customary closing conditions.

Source: https://www.globenewswire.com/news-release/2020/12/18/2147505/0/en/Seven-Oaks-Acquisition-Corp-Announces-Pricing-of-Upsized-225-Million-Initial-Public-Offering.html

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