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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At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...