VIIAW - 7GC & Co. Holdings Inc. Announces Registration Statement on Form S-4 in Connection With Its Proposed Business Combination With Banzai Has Been Declared Effective | Benzinga
SAN FRANCISCO and SEATTLE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- 7GC & Co. Holdings Inc. (NASDAQ:VII) ("VII" or "7GC"), a publicly-traded special purpose acquisition company, and Banzai International, Inc. ("Banzai" or the "Company"), a leading marketing technology company that provides data-driven marketing and sales solutions, today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective the registration statement on Form S-4 (File No. 333-274278) (as amended, the "Registration Statement") in connection with the previously announced proposed business combination (the "Business Combination") between 7GC and Banzai. Additionally, 7GC announced that it has set a record date of October 27, 2023 (the "Record Date") and a meeting date of December 5, 2023, for its special meeting of stockholders (the "Special Meeting") to consider the Business Combination.
7GC's stockholders of record at the close of business on the Record Date are entitled to receive notice of the Special Meeting and to vote the shares of common stock of 7GC owned by them at the Special Meeting. In connection with the Special Meeting, 7GC's stockholders that wish to exercise their redemption rights must do so no later than 5:00 p.m. ET on December 1, 2023, by following the procedures specified in the definitive proxy statement/prospectus for the Special Meeting. There is no requirement that stockholders affirmatively vote for or against the Business Combination at the Special Meeting in order to redeem their shares for cash.
Subject to satisfaction or waiver of the closing conditions set forth in the merger agreement, upon closing of the proposed Business Combination, the combined company will be named Banzai International, Inc. and its Class A common stock and warrants are expected to trade on the Nasdaq Capital Market under the ticker symbols "BNZI" and "BNZIW," respectively.
About 7GC & Co. Holdings
7GC & Co Holdings is a special purpose acquisition company traded on the Nasdaq under the ticker: VII. The firm is a partnership between 7GC, a technology growth fund based in San Francisco, California and Berlin, Germany and Hennessy Capital, and a leading independent SPAC sponsor based in Wilson, Wyoming and Los Angeles, California. 7GC is led by its Chief Executive Officer, Jack Leeney, and its Chief Financial Officer, Christopher Walsh.
About Banzai
Banzai is a marketing technology company that provides data-driven marketing and sales solutions for businesses of all sizes. On a mission to help their customers accomplish their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io.
Important Information for Investors and Stockholders
In connection with the Business Combination, VII has filed the Registration Statement with the SEC, which includes the definitive proxy statement to be distributed to VII's stockholders in connection with VII's solicitation for proxies for the vote by VII's stockholders in connection with the Business Combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to VII's stockholders and certain of Banzai's equityholders in connection with the completion of the Business Combination. The Registration Statement was declared effective by the SEC on November 13, 2023 ...