Hennessy Capital Acquisition Corporation IV (HCAC) Completes Canoo Deal

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Hennessy Capital Acquisition Corporation IV (HCAC) Completes Canoo Deal

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.

 

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