Insight
Seven Oaks Acquisition Corp.'s IPO
Insight
Seven Oaks Acquisition Corp.'s IPO
December 17, 2020
Winston & Strawn LLP represented Seven Oaks Acquisition Corp. (the “Company”) in its upsized IPO of 22,500,000 units at a price of US$10.00 per unit. The units are listed on The NASDAQ Capital Market (“NASDAQ”) and began trading under the ticker symbol “SVOKU” on 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 US$11.50 per share. 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.