7GC & Co. Holdings Inc. Announces Registration Statement on Form S-4 in Connection With Its Proposed Business Combination With Banzai Has Been Declared Effective

Special Meeting of Stockholders to Approve Proposed Business Combination to be Held on December 5, 2023

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.