Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced overnight that it plans to adjourn today’s 9 am ET extension vote and reopen it at 3 pm ET this afternoon.
This does not technically change the redemption deadline for investors, but those wishing to withdraw their redemption requests may still do so by 2 pm ET today.
Earlier this month, the SPAC persuaded owners of 132,398 shares to stay in via a non-redemption agreement. The SPAC has not yet announced a definitive agreement and is seeking to extend its deadline to January 10, 2024 without contributing additional funds to its trust.
The Hennessy team has taken over both two (NYSE:TWOA) and Compass Digital (NASDAQ:CDAQ) in transactions for their existing sponsor economics this year, but Hennessy VI is a vehicle that the group launched on their own in 2021.
This SPAC is seeking to combine with a target valued at over $1 billion with a large addressable market and strong management.
TechyBird Acquisition Corp. (NASDAQ:TKBD) filed for a $60 million IPO today, putting it in line to become the second 2023 IPO from an underwriter that is relatively new to the SPAC space. That underwriter, Spartan Capital Securities, brought Aimei Health Technology (NASDAQ:AFJK) to market last week with similar terms as this new member to its...
Blue Room Acquisition Corp. (NASDAQ:IBLUU) submitted its S-1 filing this morning for a $200 million IPO. The new SPAC has set its sights on targets in the financial sector, ranging in market value between $250 million and $500 million, and primarily situated in the U.S. Its primary objective is to identify an innovative company leveraging...
Perception Capital Corp IV (NYSE:RCFA) has entered into a definitive agreement to combine with mining firm Blue Gold for $114.5 million in equity consideration. London-based Blue Gold has been developed as a platform to acquire gold mining assets in Ghana. The combined company is expected to trade on the NYSE once the deal is completed...
Zalatoris II Acquisition Corp.(NASDAQ: ZLS) has entered into a definitive agreement to combine with modular construction company Eco Modular at an enterprise value of $600 million. Dublin, Ireland-based Eco Modular uses modular construction techniques that allows it to build ecologically clean and sustainable buildings while saving energy and time. The combined company is expected to trade...
This week, we speak with iLearningEngine’s CEO Harish Chidambaran and Matt Safaii, Chairman and CEO of Arrowroot Acquisition Corp. (Nasdaq: ARRW). The two announced a $1.4 billion deal in April. AI may be the major buzzword of 2023, but iLearningEngines has been working on AI tools since 2010. Now, it hopes to use a SPAC transaction as its next step....