Vine Hill Capital Investment, a blank check company targeting the industrial and services industries, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The Fort Lauderdale, FL-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Vine Hill Capital Investment would command a market value of $267 million.
The company is led by CEO and Director Nicholas Petruska, who has served in a variety of capacities with other SPACs and currently serves as CFO of Hennessy Capital's Hennessy Capital Investment VI (HCVI; +6% from $10 offer price), which has a pending merger agreement with gold miner Namib Minerals. Vine Hill Capital Investment plans to target the industrial and services industries, focusing on businesses with enterprise values between $500 million and $1 billion.
Vine Hill Capital Investment was founded in 2024 and plans to list on the Nasdaq under the symbol VCICU. The company filed confidentially on June 11, 2024. Stifel is the sole bookrunner on the deal.
