Hennessy Capital Investment Corp. VII Announces Closing of $190,000,000 Initial Public Offering
Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU) has successfully completed its initial public offering (IPO) of 19,000,000 units at $10.00 per unit, raising $190 million in gross proceeds. The offering included 1,500,000 units from the partial exercise of the underwriters' over-allotment option.
Each unit comprises one Class A ordinary share and one right to receive one-twelfth of one Class A ordinary share upon completing an initial business combination. The units began trading on Nasdaq under 'HVIIU' on January 17, 2025, with the Class A shares and rights to later trade separately under 'HVII' and 'HVIIR' respectively.
The SPAC, led by Chairman and CEO Daniel J. Hennessy, aims to focus on merger opportunities in the industrial technology and energy transition sectors. Cohen & Company Capital Markets served as lead book-running manager, with Clear Street and Loop Capital Markets as co-book runners. The entire IPO proceeds of $190 million have been placed in trust.
Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU) ha completato con successo la sua offerta pubblica iniziale (IPO) di 19.000.000 unità a $10,00 per unità, raccogliendo $190 milioni di proventi lordi. L'offerta ha incluso 1.500.000 unità derivanti dall'esercizio parziale dell'opzione di sovrallocazione degli underwriter.
Ogni unità comprende una azione ordinaria di Classe A e un diritto di ricevere un dodicesimo di un'azione ordinaria di Classe A al completamento di una combinazione commerciale iniziale. Le unità hanno iniziato a essere scambiate su Nasdaq sotto 'HVIIU' il 17 gennaio 2025, con le azioni di Classe A e i diritti che saranno scambiati separatamente sotto 'HVII' e 'HVIIR' rispettivamente.
Il SPAC, guidato dal Presidente e CEO Daniel J. Hennessy, mira a concentrarsi su opportunità di fusione nei settori della tecnologia industriale e della transizione energetica. Cohen & Company Capital Markets ha servito come principale gestore book-running, con Clear Street e Loop Capital Markets come co-gestori book-running. L'intero prodotto dell'IPO di $190 milioni è stato collocato in un fondo fiduciario.
Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU) ha completado con éxito su oferta pública inicial (IPO) de 19,000,000 unidades a $10.00 por unidad, recaudando $190 millones en ingresos brutos. La oferta incluyó 1,500,000 unidades de la ejecución parcial de la opción de sobreasignación de los suscriptores.
Cada unidad comprende una acción ordinaria de Clase A y un derecho a recibir un doceavo de una acción ordinaria de Clase A al completar una combinación comercial inicial. Las unidades comenzaron a cotizar en Nasdaq bajo 'HVIIU' el 17 de enero de 2025, con las acciones de Clase A y los derechos que se negociarán por separado bajo 'HVII' y 'HVIIR' respectivamente.
El SPAC, dirigido por el Presidente y CEO Daniel J. Hennessy, tiene como objetivo centrarse en oportunidades de fusión en los sectores de tecnología industrial y transición energética. Cohen & Company Capital Markets actuó como gestor principal de libros, con Clear Street y Loop Capital Markets como co-gestores. La totalidad de los ingresos de la IPO de $190 millones se ha colocado en un fideicomiso.
Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU)는 19,000,000개의 유닛을 유닛당 $10.00에 공모하여 $190 백만의 총 수익을 올리며 성공적으로 초기 공모(IPO)를 완료했습니다. 이번 공모에는 인수인들이 부분적으로 초과배정 옵션을 행사한 1,500,000개의 유닛이 포함되었습니다.
각 유닛은 하나의 A 클래스 보통주와 초기 사업 결합이 완료되면 A 클래스 보통주의 1/12를 받을 권리를 포함합니다. 유닛은 2025년 1월 17일에 'HVIIU'라는 이름으로 나스닥에서 거래를 시작했으며, A 클래스 주식과 나중에 거래할 권리는 각각 'HVII'와 'HVIIR'로 별도로 거래됩니다.
이 SPAC는 회장 겸 CEO인 Daniel J. Hennessy가 이끌고 있으며, 산업 기술 및 에너지 전환 부문의 합병 기회에 집중할 계획입니다. Cohen & Company Capital Markets는 주간사로 활동하고, Clear Street와 Loop Capital Markets는 공동 주간사로 참여했습니다. IPO로 발생한 1억 9천만 달러의 전체 수익금은 신탁에 예치되었습니다.
Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU) a terminé avec succès son introduction en bourse (IPO) de 19 000 000 d'unités à 10,00 $ par unité, levant 190 millions $ de produits bruts. L'offre a inclus 1 500 000 d'unités provenant de l'exercice partiel de l'option de surallocation des souscripteurs.
Chaque unité comprend une action ordinaire de Classe A et un droit de recevoir un douzième d'une action ordinaire de Classe A lors de la réalisation d'une combinaison d'affaires initiale. Les unités ont débuté leur cotation sur Nasdaq sous 'HVIIU' le 17 janvier 2025, les actions de Classe A et les droits étant ensuite négociés séparément sous 'HVII' et 'HVIIR' respectivement.
Le SPAC, dirigé par le Président et PDG Daniel J. Hennessy, vise à se concentrer sur les opportunités de fusion dans les secteurs de la technologie industrielle et de la transition énergétique. Cohen & Company Capital Markets a servi de gestionnaire principal des livres, avec Clear Street et Loop Capital Markets comme co-gestionnaires. L'ensemble des produits de l'IPO de 190 millions $ a été placé en fiducie.
Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU) hat erfolgreich seinen Börsengang (IPO) mit 19.000.000 Einheiten zu je 10,00 $ abgeschlossen und dabei 190 Millionen $ an Bruttoerlösen erzielt. Bei dem Angebot waren 1.500.000 Einheiten aus der partiellen Ausübung der Überbelegung der Underwriter enthalten.
Jede Einheit besteht aus einer Klasse A Stammaktie und einem Recht, ein Zwölftel einer Klasse A Stammaktie nach Abschluss einer ersten Unternehmenszusammenführung zu erhalten. Die Einheiten begannen am 17. Januar 2025 an der Nasdaq unter 'HVIIU' zu handeln, während die Klasse A Aktien und die Rechte später getrennt unter 'HVII' und 'HVIIR' gehandelt werden.
Das SPAC, das von Chairman und CEO Daniel J. Hennessy geleitet wird, hat zum Ziel, sich auf Fusionsmöglichkeiten in den Bereichen industrielle Technologie und Energiewende zu konzentrieren. Cohen & Company Capital Markets fungierte als Hauptbuchführer, während Clear Street und Loop Capital Markets als Co-Buchführer agierten. Der gesamte Erlös aus dem IPO in Höhe von 190 Millionen $ wurde in einem Treuhandfonds angelegt.
- Successful raise of $190 million through IPO
- Full placement of proceeds in trust account
- No warrant dilution in the IPO structure
- Overallotment option partially exercised, indicating strong demand
- Standard SPAC risks with no identified acquisition target
- Potential 1/12 share dilution upon business combination from rights
Insights
This $190M SPAC IPO represents a notable development in the evolving SPAC market, with several distinctive features worth analyzing. The absence of warrants in the structure is particularly significant - it's a departure from traditional SPAC offerings and suggests a more shareholder-friendly approach by reducing potential dilution. This structure could make the SPAC more attractive for high-quality target companies concerned about post-merger share dilution.
The 1/12 share right structure, while less dilutive than typical warrant offerings, still provides investors with some upside participation. This balanced approach reflects the current market's preference for reduced dilution while maintaining investor incentives.
Hennessy Capital's seventh SPAC launch demonstrates their established track record in the space, with previous deals including Blue Bird and Canoo. Their focus on industrial technology and energy transition sectors is well-timed, given the surge in clean energy investments and industrial automation trends.
The $10 per unit trust account provides standard investor protection, while the successful raise in current market conditions - where SPAC enthusiasm has cooled significantly compared to 2021-2022 - suggests continued institutional confidence in the Hennessy team's ability to execute.
The targeting of industrial technology and energy transition sectors positions this SPAC competitively, as these sectors are experiencing significant innovation and transformation, potentially offering attractive merger candidates seeking public market access.
New York, NY, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. VII (NASDAQ: HVIIU) (the “Company”), a special purpose acquisition company, announced today the closing of its initial public offering (“IPO”) of 19,000,000 units, which included 1,500,000 units sold pursuant to the partial exercise of the underwriters’ over-allotment option. The IPO was priced at
Daniel J. Hennessy, Chairman and CEO, commented “We are pleased to announce the successful completion of our initial public offering and the launch of our seventh flagship SPAC. This milestone positions us as the preferred partner for a category-winning company seeking a NASDAQ listing. We are grateful for the trust of our investors and look forward to delivering long term value to our shareholders.”
The Company is a newly incorporated blank check company founded by Daniel J. Hennessy and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Although the Company reserves the right to pursue an acquisition opportunity in any business or industry, the Company intends to focus its search for a target business in the industrial technology and energy transition sectors.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, served as the lead book running manager for the IPO, and Clear Street LLC and Loop Capital Markets LLC served as co-book running managers.
Of the proceeds received upon the consummation of the IPO and simultaneous private placements of units,
The IPO was made only by means of a prospectus. Copies of the prospectus relating to the IPO may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
A registration statement relating to these securities has been filed with the SEC and was declared effective on January 16, 2025. 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 an 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 IPO and search for an initial business combination. No assurance can be given that the Company will ultimately complete a business combination transaction. 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 Company’s IPO filed with the SEC. Copies of these documents are available on the SEC’s website at 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:
Nicholas Geeza
Hennessy Capital Investment Corp. VII
Email: info@hennessycapitalgroup.com
Website: https://www.hennessycapital7.com/
FAQ
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