Brief: 7GC & Holdings Signs Non-Binding Term Sheet For Standby Equity Purchase Agreement With Yorkville Advisors Global, LP

Parabolic Technologies

13/12/2023 18:41

Dec 13 (Reuters) - 7GC & Holdings Co Inc  VII.O :
    * 7GC & HOLDINGS CO -  ON DEC 12, SIGNED NON-BINDING TERM
SHEET
FOR A STANDBY EQUITY PURCHASE AGREEMENT WITH YORKVILLE ADVISORS
GLOBAL, LP
    * 7GC & HOLDINGS CO-  SEPA TO BE ENTERED INTO PRIOR TO
CLOSING OF
7GC'S PREVIOUSLY ANNOUNCED PROPOSED BUSINESS COMBINATION WITH
BANZAI INTERNATIONAL
    * 7GC & HOLDINGS CO- PURSUANT TO SEPA, CO HAVE OPTION, TO
SELL TO
YORKVILLE, AGGREGATE AMOUNT OF UP TO $100 MILLION OF CO'S SHARES
OF CLASS A COMMON STOCK

Source text for Eikon:  ID: 
Further company coverage:  VII.O