Hennessy Capital Acquisition, a blank check company focused on acquiring businesses in the industrial manufacturing and distribution sector, announced terms for its IPO on Friday. The Chicago, IL-based company plans to raise $100 million by offering 10 million shares at $10 per share. At the midpoint of the proposed range, Hennessy Capital Acquisition would command a fully diluted market value of $125 million.
Hennessy Capital Acquisition, which was founded in 2013, plans to list on the NASDAQ under the symbol HCACU. Hennessy Capital Acquisition initially filed confidentially on October 18, 2013. Deutsche Bank is the sole bookrunner on the deal.
