NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) – Seven Oaks Acquisition Corp. (the “Company”) today priced the first increased public offering of 22.5 million units at a price of $ 10.00 per unit. The units will be listed on the NASDAQ Capital Markets (“NASDAQ”) and will trade under the ticker symbol “SVOKU” commencing on 18 December 2020. Each unit consists of one division of the Company’s Class A common stock and one-half redemption warranties with each full warrant workable to purchase one share of Class A common stock at a price of $ 11.50 per share. Once the securities in the separate trading units begin, it is expected that Class A stock and general securities will 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 construction company created to engage in a business fusion with one or more businesses. While the Company may pursue a business mix in any industry, the Company intends to focus its research on companies with strong Environmental, Social and Regulatory practices or the ability to substantially develop those practices.
JonesTrading Institutional Services LLC (“JonesTrading”) acts as the sole book running manager for the offer. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM: NHLD), serves as the principal manager for the offer. Securities Academy, Loop Capital Markets and Tigress Financial Partners are acting as joint managers for the offer. The Company has given subscribers a 45-day option to purchase up to 3,375,000 additional units at the first public offering price to cover excess lots, if any. The offer is expected to close on 22 December 2020, subject to normal closing conditions.
The offer is made only by brochure. When available, copies of the guide can be obtained from JonesTrading by emailing [email protected].
A registration statement related to the securities was effectively announced by the U.S. Securities and Exchange Commission (“SEC”) on December 17, 2020. This press release will not constitute an offer to sell or bid to buy, and will not the sale of such securities would be in any state or jurisdiction in which such offer, claim or sale would be unlawful prior to registration or certification under the laws of any state security or jurisdiction.
Warning note for forward-looking statements
This press release contains statements that make up “forward-looking statements,” including the initial public offering and the discovery of an original business mix. No guarantee can be given that the offer discussed above will be completed in accordance with the conditions described, or at all, or that the result of the offer will be used as indicated. Forward-looking statements are subject to a number of conditions, many of which are beyond the Company’s control, including those described in the risk factors section of a registration statement. of the Company for the first public offering registered with the SEC. Copies are available on the SEC website, www.sec.gov. The Company assumes no responsibility to update these statements for revisions or alterations after the date of this press release, except as required by law.