Hennessy Capital Investment Corp. VII Announces Pricing of $175,000,000 Initial Public Offering
Hennessy Capital Investment Corp. VII has announced the pricing of its initial public offering (IPO) of 17,500,000 units at $10.00 per unit, totaling $175,000,000. The units will trade on Nasdaq under symbol HVIIU starting January 17, 2025.
Each unit comprises one Class A ordinary share and one right to receive one-twelfth of a Class A ordinary share upon business combination completion. After separate trading begins, shares and rights will trade under HVII and HVIIR respectively.
The SPAC, founded by Daniel J. Hennessy, aims to pursue merger opportunities in industrial technology and energy transition sectors. The offering is expected to close January 21, 2025, with underwriters having a 45-day option to purchase up to 2,625,000 additional units for over-allotments.
Hennessy Capital Investment Corp. VII ha annunciato la determinazione del prezzo della sua offerta pubblica iniziale (IPO) di 17.500.000 unità a 10,00 dollari per unità, per un totale di 175.000.000 dollari. Le unità saranno negoziate su Nasdaq con il simbolo HVIIU a partire dal 17 gennaio 2025.
Ogni unità comprende una azione ordinaria di Classe A e un diritto di ricevere un dodicesimo di una azione ordinaria di Classe A al termine della combinazione aziendale. Dopo l’inizio del trading separato, le azioni e i diritti saranno negoziabili con i simboli HVII e HVIIR rispettivamente.
La SPAC, fondata da Daniel J. Hennessy, mira a perseguire opportunità di fusione nei settori della tecnologia industriale e della transizione energetica. Si prevede che l'offerta si chiuda il 21 gennaio 2025, con i sottoscrittori che avranno un'opzione di 45 giorni per acquistare fino a 2.625.000 unità aggiuntive per sovrallocazioni.
Hennessy Capital Investment Corp. VII ha anunciado la fijación del precio de su oferta pública inicial (IPO) de 17,500,000 unidades a 10.00 dólares por unidad, totalizando 175,000,000 dólares. Las unidades se negociarán en Nasdaq bajo el símbolo HVIIU a partir del 17 de enero de 2025.
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 la combinación de negocios. Después del comienzo del comercio separado, las acciones y derechos se negociarán bajo HVII y HVIIR respectivamente.
La SPAC, fundada por Daniel J. Hennessy, tiene como objetivo perseguir oportunidades de fusión en los sectores de tecnología industrial y transición energética. Se espera que la oferta cierre el 21 de enero de 2025, con los suscriptores teniendo una opción de 45 días para comprar hasta 2,625,000 unidades adicionales por sobreasignaciones.
Hennessy Capital Investment Corp. VII는 상장 공모(IPO)의 가격을 17,500,000 단위에 대해 단위당 10.00 달러로 발표하였으며, 총 175,000,000 달러에 이릅니다. 이 단위는 2025년 1월 17일부터 나스닥에서 HVIIU라는 심볼로 거래될 것입니다.
각 단위는 클래스 A 보통주 1주와 사업 결합 완료 시 클래스 A 보통주의 1/12를 받을 수 있는 권리를 포함하고 있습니다. 별도의 거래가 시작된 후, 주식 및 권리는 각각 HVII와 HVIIR라는 심볼로 거래될 것입니다.
이 SPAC는 다니엘 J. 헨네시(Daniel J. Hennessy)가 설립했으며, 산업 기술 및 에너지 전환 분야에서 인수 기회를 추구하는 것을 목표로 하고 있습니다. 이 공모는 2025년 1월 21일에 마감될 것으로 예상되며, 언더라이터들에게 45일의 옵션이 있어 최대 2,625,000개의 추가 단위를 매입할 수 있습니다.
Hennessy Capital Investment Corp. VII a annoncé le prix de son offre publique initiale (IPO) de 17.500.000 unités à 10,00 USD par unité, totalisant 175.000.000 USD. Les unités seront négociées sur Nasdaq sous le symbole HVIIU à partir du 17 janvier 2025.
Chaque unité se compose d'une action ordinaire de Classe A et d'un droit de recevoir un douzième d'une action ordinaire de Classe A lors de la conclusion de la combinaison d'affaires. Après le début du commerce séparé, les actions et les droits seront négociés sous HVII et HVIIR respectivement.
La SPAC, fondée par Daniel J. Hennessy, vise à poursuivre des opportunités de fusion dans les secteurs de la technologie industrielle et de la transition énergétique. La clôture de l'offre est prévue pour le 21 janvier 2025, les souscripteurs ayant une option de 45 jours pour acheter jusqu'à 2.625.000 unités supplémentaires pour des allocations excédentaires.
Hennessy Capital Investment Corp. VII hat die Preisgestaltung seines börslichen Angebots (IPO) von 17.500.000 Einheiten zu einem Preis von 10,00 USD pro Einheit bekannt gegeben, was insgesamt 175.000.000 USD entspricht. Die Einheiten werden ab dem 17. Januar 2025 an der Nasdaq unter dem Symbol HVIIU gehandelt.
Jede Einheit besteht aus einer Klasse A Stammaktie und einem Recht, bei Abschluss einer Unternehmenszusammenarbeit ein Zwölftel einer Klasse A Stammaktie zu erhalten. Nach Beginn des getrennten Handels werden Aktien und Rechte unter HVII und HVIIR gehandelt.
Die SPAC, die von Daniel J. Hennessy gegründet wurde, hat zum Ziel, Fusionsmöglichkeiten im Bereich der industriellen Technologie und des Energiewandels zu verfolgen. Der Abschluss des Angebots wird für den 21. Januar 2025 erwartet, wobei die Underwriter eine 45-tägige Option zur Erhöhung des Angebots um bis zu 2.625.000 zusätzliche Einheiten haben.
- IPO raises $175 million at $10.00 per unit
- Listing on major exchange (Nasdaq)
- Potential additional capital of $26.25 million from over-allotment option
- Focused investment strategy in growing sectors (industrial technology and energy transition)
- No specific acquisition target identified yet
- Shareholder dilution through Share Rights (1/12 additional share per unit)
- time to complete business combination as typical with SPACs
Insights
This IPO launch represents a notable SPAC offering in the current market environment. The $175 million raise, with potential to reach $201.25 million if over-allotment is exercised, positions Hennessy Capital Investment Corp. VII as a mid-sized SPAC targeting industrial technology and energy transition sectors.
The unit structure offering one Share Right per unit (1/12 of a share upon business combination) is relatively standard but provides an interesting incentive mechanism for investors who hold through merger completion. At
Daniel J. Hennessy's track record in the SPAC space adds credibility - this being their seventh SPAC vehicle suggests established expertise in identifying and executing business combinations. The focus on industrial technology and energy transition sectors is strategically timed, as these sectors are experiencing significant innovation and capital needs, particularly around decarbonization and automation trends.
For market participants, this SPAC presents an opportunity to gain exposure to potential deals in rapidly evolving industrial tech and energy transition spaces, with the standard
The timing and structure of this SPAC IPO reflects current market dynamics and investor sentiment. With
The participation of Cohen & Company Capital Markets as lead book-runner, alongside Clear Street and Loop Capital Markets, indicates strong institutional distribution capabilities. The 45-day over-allotment option of 2.625 million additional units provides flexibility to accommodate excess demand while maintaining price stability.
Trading under 'HVIIU' initially, with separate trading of shares (HVII) and rights (HVIIR) to follow, offers investors various ways to express their views on both the SPAC sponsor's execution capabilities and eventual target company potential. The 1/12 share right structure provides a balanced incentive for long-term holders without excessive dilution.
New York, NY, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. VII (the “Company”), a special purpose acquisition company, announced today the pricing of its initial public offering of 17,500,000 units at a price of
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, is the lead book running manager, and Clear Street LLC and Loop Capital Markets LLC are acting as co-book running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering 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 U.S. Securities and Exchange Commission (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 initial public offering, the anticipated closing date and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms or timing described, or at all, or 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 registration statement and preliminary prospectus for the Company’s initial public offering 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: hvii@hennessycapitalgroup.com
Website: www.hennessycapitalgroup.com
FAQ
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