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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.
