공시 • Dec 16
Banzai International Inc.(NasdaqCM:VII) dropped from NASDAQ Composite Index 7GC & Co. Holdings Inc. has been removed from NASDAQ Composite Index . 공시 • Nov 15
7GC & Co. Holdings Inc. announced delayed 10-Q filing On 11/14/2023, 7GC & Co. Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Nov 15
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Chairman of the Board, CEO & President Jack Leeney is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Oct 05
7GC & Co. Holdings Inc. announced that it has received $0.5 million in funding from 7GC & Co. Holdings LLC 7GC & Co. Holdings Inc. announced that it has entered into a material definitive agreement for the private placement of an unsecured convertible promissory note at an issue price of $500,000 for gross proceeds of $500,000 on October 3, 2023. The transaction included participation from returning investor, 7GC & Co. Holdings LLC. The note does not bear interest and is repayable in full upon the earlier of the consummation of a business combination or the date the company liquidates the trust account established in connection with the company’s initial public offering upon the failure of the company to consummate a business combination within the requisite time period. The consummation of a business combination, the investor shall have the option, but not the obligation, to convert the principal balance of the note, in whole or in part, into that number of shares of class A common stock, $0.00010 par value per share, of the company, equal to the principal amount of the note so converted divided by $10.00. The note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. 공시 • Aug 17
7GC & Co. Holdings Inc. announced delayed 10-Q filing On 08/15/2023, 7GC & Co. Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Chairman of the Board, CEO & President Jack Leeney is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • May 17
7GC & Co. Holdings Inc. announced delayed 10-Q filing On 05/16/2023, 7GC & Co. Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Dec 31
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Chairman of the Board, CEO & President Jack Leeney is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Dec 10
Banzai International, Inc. entered into a definitive business combination agreement to acquire 7GC & Co. Holdings Inc. (NasdaqCM:VII) from 7GC & Co. Holdings LLC and others in a reverse merger transaction. Banzai International, Inc. entered into a definitive business combination agreement to acquire 7GC & Co. Holdings Inc. (NasdaqCM:VII) from 7GC & Co. Holdings LLC and others in a reverse merger transaction on December 8, 2022. As per the terms of the transaction, the consideration to be paid to security holders of Banzai is $293 million, subject to certain adjustments and Earn Out Shares of 5.85 million of 7GC New Class A Shares. The combined company is expected to have an estimated post-transaction enterprise value of $380 million, consisting of an estimated equity value of $580 million, $207 million in cash, and $7 million in debt, assuming no redemptions of VII public shares by VII public stockholders. Current Banzai management, employees and existing shareholders will roll 100% of the existing equity holdings into equity of the combined company. Existing Banzai security holders will receive approximately 50% of the pro forma equity of the combined company as part of the transaction, assuming no redemptions of VII’s public shares. In a related transaction, Banzai entered into a Purchase Agreement to acquire Hyros for approximately $110 million. Upon closing of the proposed transaction, the combined company will be named Banzai International, Inc. and is expected to trade on the Nasdaq Capital Market. The business combination has been approved by the boards of directors of both Banzai and VII and is subject to regulatory approval, approval of the 7GC Stockholder Matters by 7GC’s stockholders, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the Registration Statement/Proxy Statement having become effective, the 7GC New Class A Shares (including the Earn Out Shares) to be issued pursuant to the Merger Agreement having been approved for listing on NASDAQ, 7GC having at least $5,000,001 of net tangible assets, consummation of the acquisition by Banzai of Hyros and other customary closing conditions. The deal expected to close in the first half of 2023. The net proceeds raised from the proposed transaction will be used to support Banzai strategic growth. MKM Partners is serving as Capital Markets advisor and Joshua G. DuClos, Michael P. Heinz, Elizabeth R. Tabas Carson, Rachel D. Kleinberg, James W. Lowe, Edward W. Sharon, Corey Perry, Stacy Crosnicker, Eric Kauffman, Colleen Theresa Brown, Stephen M. Fronk and Matthew D. Stoker of Sidley Austin LLP is serving as legal advisor to VII. Roth Capital Partners LLC is serving as financial advisor and Perkins Coie LLP and Sonya Erickson of Cooley LLP is serving as legal advisors to Banzai. Gateway Group is serving as Investor Relations and Public Relations for the transaction. 공시 • Apr 03
7GC & Co. Holdings Inc. announced delayed annual 10-K filing On 04/01/2022, 7GC & Co. Holdings Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공시 • May 15
7GC & Co. Holdings Inc. announced delayed 10-Q filing On 05/14/2021, 7GC & Co. Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.