Hennessy Capital Investment Corp. V (HCICU) Prices Upsized $300M IPO

IPO

Hennessy Capital Investment Corp. V (HCICU) Prices Upsized $300M IPO

Hennessy Capital Investment Corp. V announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “HCICU” Friday, January 15.

The new company aims to combine with a sustainable industrial technology or infrastructure business such as an advanced mobility or renewable fuel developer. Hennessy V is led by Chairman and CEO Daniel J. Hennessy and President and COO Greg Ethridge alongside EVP, CFO and Secretary Nicholas Petruska.

Total SPAC deal count for 2021 year-to-date is now 51 with $13.5 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.


Citigroup Global Markets Inc. and Barclays Capital Inc. are serving as joint book-running managers for the offering and Roth Capital Partners, LLC and Loop Capital Markets LLC are serving as co-managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmtih+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

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