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.
Terms Tracker for the Week Ending April 25, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Everybody’s back in the pool. Two more SPACs filed this week while four others priced their IPOs. Additionally five SPACs announced their combinations, breaking the...
At the SPAC of Dawn After a cheery string of good news indicators, futures remain green heading into the final trading session of the week. The final reading for consumer sentiments is to come at about 10 am, which will hopefully match the market’s recent mood. There is some time delay on this indicator, however,...
Inflection Point Acquisition Corp. III (NASDAQ:IPCXU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPCXU”, Friday, April 25, 2025. The new SPAC aims to combine with a disruptive technology company in North America or Europe that is customer-focused and adaptable to...
Crane Harbor Acquisition Corp. (NASDAQ:CHACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHACU”, Friday, April 25, 2025. The Company’s primary focus will be to identify companies in the technology, real assets, and energy sectors. Crane Harbor’s management team is led...
Flag Ship Acquisition Corporation (NASDAQ:FSHP) has entered into a definitive agreement to combine with Great Future under so far undisclosed terms. Transaction Overview Flag Ship has about $71.6 million in its current trust and has until September 20, 2025 to complete a business combination but may extend up to nine times for one month each...