Hennessy Capital Acquisition Corporation IV (NASDAQ:HCAC) announced it has completed its combination with EV company Canoo after securing shareholder approval earlier today.
The parties did not share redemption figures in the announcement, but it is unlikely they were significant as Hennessy opened at $19.20 this morning ahead of the vote.
The combined entity’s shares and warrants will trade on the Nasdaq under the ticker symbols “GOEV” and “GOEVW,” respectively, beginning tomorrow, December 22.
Hennessy initially announced its $1.8 billion combination with Canoo on September 18. Canoo has developed a skateboard-style battery and drivetrain and plans to offer both branded vehicles on a subscription basis and co-develop designs with carmakers Hyundai and Kia.
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...