Hennessy Capital Investment Corp VI (HCVI) Re-Schedules Extension with Non-Redemption Pact
by Nicholas Alan Clayton on 2023-09-20 at 9:50am

Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced in an 8-K filing this morning that it will push its September 27 extension vote to 9 am ET September 29.

Shareholders will now have until 5 pm ET September 27 to make their final redemption decisions and owners of 132,398 shares have decided to stay in as a part of a non-redemption agreement Hennessy VI also announced in the filing.

This third party investor will receive 9,735 promote shares in exchange for this commitment. 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.

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