Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HVIIU”, Friday, January 17, 2025.
The new SPAC intends to seek out a business combination with a company in the industrial technology and energy transition sectors.
Hennessy VII’s sponsor team is led by Chairman and Chief Executive Officer Daniel J. Hennessy, President and Chief Operating Officer Thomas D. Hennessy and Executive Vice President, Chief Financial Officer and Secretary Nicholas Geeza. Grant R. Allen, Brian Bonner, Anna Brunelle, Javier Saade and Poonam Sharma will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 4. This offering is expected to close on Tuesday, January 21, 2025.
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. Sidley Austin LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Odyssey Trust Company is acting as trustee.
LightWave (NASDAQ:LWACU) has filed for a $150 million SPAC with a team of technology specialists and a Board that has advised many SPACs in the CF series. The new SPAC breaks a streak of seven straight new S-1s filed for vehicles with rights and no warrants in their units. LightWave’s units are to each contain...
SPACInsider contributor Henrique Santa Rosa this week compiled his three favorite potential SPAC targets among potential targets in Brazil. We look at why they are compelling and why each could be a fit for a blank-check merger. Brazil is both South America’s largest economy and most populous, making it a ripe target for SPACs. But,...
At the SPAC of Dawn Welsbach Technology Metals (OTC:WTMA) have given some extra reading material for shareholders ahead of its vote to approve its combination with Evolution Metals next month in the form of the duo’s first investor presentation for the deal. The presentation details Evolution’s plan to build up a rare earth processing facility...
At the SPAC of Dawn A busy week of Fed speaking engagements is set to follow this week after Moody’s late Friday downgrade of US debt, which has left markets in the red through the weekend. SPACs may dodge some of the early fallout from the from the switch from AAA to AA1, as none...
Terms Tracker for the Week Ending May 16, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was a very, very good week for SPAC IPO trading performances. The average performance for just this week alone clocked in at an average...