Hennessy Capital Investment Corp. VI Announces Closing of Over-Allotment Option in Connection with its IPO Bringing Total Proceeds to Approximately $341 Million
Hennessy Capital Investment Corp. VI (NASDAQ: HCVIU) announced the closing of an additional 4,092,954 units through the underwriters’ over-allotment option during its IPO, generating approximately $40.9 million in gross proceeds. This brings the total gross proceeds of the IPO to around $340.9 million. Additionally, 545,727 private placement warrants were sold, raising about $0.8 million. The Company, formed for business combination purposes, focuses on the industrial technology sector.
- Generated approximately $40.9 million in gross proceeds from the over-allotment units.
- Total gross proceeds from the IPO now stands at around $340.9 million.
- Completed the sale of 545,727 private placement warrants, raising an additional $0.8 million.
- None.
NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. VI (NASDAQ: HCVIU) (the “Company”) announced today that it closed the sale of an additional 4,092,954 units pursuant to the underwriters’ over-allotment option granted in connection with the Company’s initial public offering (“IPO”). Such over-allotment units were sold at an offering price of
A pro forma balance sheet of the Company reflecting receipt of the proceeds upon consummation of the sale of the Over-Allotment Units and additional private placement warrants will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (“SEC”).
The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “HCVIU” on September 29, 2021. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant, each whole warrant enabling the holder thereof to purchase one share of Class A common stock at a price of
The Company is a blank check company founded by Daniel J. Hennessy and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business, industry, sector or geographical location, it intends to focus its search on target businesses in the industrial technology sector.
A registration statement relating to these securities was declared effective by the SEC on September 28, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s final prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
CODY SLACH
Gateway IR
P: (949) 574-3860
E: HCVI@gatewayir.com
FAQ
What are the latest financial results for Hennessy Capital Investment Corp. VI (HCVIU)?
How many units were sold in the recent offering for HCVIU?
What is the purpose of Hennessy Capital Investment Corp. VI?
When did Hennessy Capital Investment Corp. VI go public?
What is the purchase price for the private placement warrants sold by HCVIU?
