Churchill Capital Corp VII
CVII · NYSE
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from Churchill Sponsor VII LLC, listed on NYSE in February 2021.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 16 February 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK, NY, 10019
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Taragin Lee Jay (Chief Financial Officer) · Murphy Stephen Anthony (Director) · Snyderman David J.
- Listed securities
- CVII common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
4 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
Show the earlier 1 milestone
- 16 February 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsCVII is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Churchill Capital Corp VII was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker CVII. The company priced its initial public offering on February 16, 2021, as reflected in its 424B prospectus. Churchill Capital Corp VII subsequently liquidated, returning trust cash to shareholders, with the redemption of its Class A Common Stock, Units, and Warrants established by a Form 25 filed on August 19, 2024. The CVII ticker appears on the cover page of an 8-K filed on August 21, 2024. The company's SEC CIK is 0001828248 and its SIC industry code is 6770.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The prospectus covers 57,064,261 post-combination ordinary A1 shares and 27,600,000 further post-combination securities, and the sellers take cash as well as stock — the Closing Seller Cash Consideration is expected to be no greater than $256,000,000, money that leaves the combined company at closing rather than funding it. Convening a separate warrant holder meeting alongside the stockholder vote is unusual and means the warrant terms are themselves being amended as part of the deal.
At $611.9 million, this was one of the largest trusts still outstanding, and the $10.54 per share floor sat four cents above the $10.50 market price — redemption was worth more than selling. The $1,000,000 annual working-capital cap drawn only from interest protects the principal, which is why the per-share value held up. Churchill VII ultimately liquidated, so the CorpAcq deal never closed and that redemption right was the whole return.
At roughly $1.41 billion the trust is one of the largest ever put to an extension vote, and the $10.18 per-share floor sits five cents above the $10.13 market price, so redemption is a clean cash exit better than selling. The withdrawal restrictions genuinely protect that floor: working capital draws are capped at $1,000,000 a year and can only come from interest, so principal cannot be eroded by operating costs. Holders redeeming here take the deposited value; those who stay retain full redemption rights at the extended date.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
- What changed vs 2024-05-03trust $611.8M → $618.4M +1%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $611.8M$618.4M
- Combination deadline
- 2024-08-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $1.0M · unchanged
SpacBrain reads this as $6,578,582 was added to the trust between the two filings.
The clause …“assets 92,031 5,010,865 Cash and marketable securities held in Trust Account 618,365,971 611,993,102 TOTAL ASSETS $ 618,458,002 $ 617,003,967 LIABILITIES AND STOCKHOLDERS’ DEFICIT ”…
The clause …“as determined by the board of directors. The Company intends to complete a Business Combination by August 17, 2024. 8 Table of Contents CHURCHILL CAPITAL CORP VII NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2024 (UNAUDITED)”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern through one year from the date of these unaudited condensed financial statements”…
The clause “$ 1,000,000 and $ 250,000 , respectively. As of June 30, 2024, the Company has borrowed $ 1,000,000 and $ 94,000 against the Working Capital Promissory Notes, with $ 0 and $ 156,000 available for withdrawal, respectively. We intend to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
minimum cash condition1 moved
- Minimum cash condition
- $129.0M$350.0M
SpacBrain reads this as the min-cash condition now binds at $350,000,000, up $221,000,000.
The clause …“minus (ii) the Transaction Expenses (as defined in the Merger Agreement) is no less than $350,000,000 (the “ Minimum Cash Condition ”). Pursuant to the Merger Agreement and the Sponsor Agreement, the number of Founder Shares to be”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
minimum cash conditionnothing moved · 1 with no prior record of ours
- Minimum cash condition
- not previously extracted$350.0M
SpacBrain reads this as the min-cash condition binds at $350,000,000.
The clause …“minus (ii) the Transaction Expenses (as defined in the Merger Agreement) is no less than $350,000,000 (the “ Minimum Cash Condition ”). Pursuant to the Merger Agreement and the Sponsor Agreement, the number of Founder Shares to be”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
minimum cash conditionnothing moved · 1 with no prior record of ours
- Minimum cash condition
- $350.0M · unchanged
The clause …“minus (ii) the Transaction Expenses (as defined in the Merger Agreement) is no less than $350,000,000 (the “ Minimum Cash Condition ”). Pursuant to the Merger Agreement and the Sponsor Agreement, the number of Founder Shares to be”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Churchill Sponsor VII LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/5 · 100.0% of the $10 unit
from 424B4 0001104659-21-023032
Trading & liquidity
Company profile
Directors & officers
- Taragin Lee JayChief Financial Officer
- Murphy Stephen AnthonyDirector
- Snyderman David J.10% owner
- Schrager AlanDirector
- Frankle AndrewDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
10 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Churchill Sponsor VII LLCwith 2 other reporting persons on the same schedule20.0% · SC 13GFeb 14, 2022 stale
- METEORA CAPITAL, LLCwith 1 other reporting person on the same schedule9.6% · SC 13GFeb 14, 2024 stale
- Magnetar Financial LLCwith 3 other reporting persons on the same schedule8.0% · SC 13G/ASep 3, 2024 stale
- Westchester Capital Management, LLCwith 3 other reporting persons on the same schedule7.1% · SC 13GFeb 14, 2024 stale
- Blackstone Holdings I L.P.with 7 other reporting persons on the same schedule5.4% · SC 13G/AFeb 10, 2023 stale
- Empyrean Capital Partners, LPwith 2 other reporting persons on the same schedule4.4% · SC 13GMar 5, 2021 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 4 other reporting persons on the same schedule3.5% · SC 13G/AJan 19, 2022 stale
- BANK OF MONTREAL /CAN/1.4% · SC 13G/AFeb 6, 2023 stale
- JANE STREET GROUP, LLC0.3% · SC 13G/AFeb 12, 2024 stale
- COWEN AND COMPANY, LLC0.0% · SC 13G/ANov 13, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — CVII (Churchill Capital Corp VII)
vault-note · /vault/tickers/CVII
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001104659-21-023032 priced 2021-02-16; common ticker CVII off 8-K 0001104659-24-091362 (2024-08-21); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-24-000582 (2024-08-19) — Form 25 filed under 17 CFR 240.12d2-2(a)(1) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Class A Common Stock, Unit, Warrant). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Churchill Sponsor VII LLC" sourced from prospectus definition (10-K) acc 0001410578-22-000751.