Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure sectors, raised $261 million by offering 26.1 million units at $10. The company had originally planned to raise $250 million. BlackRock expressed an interest in purchasing $32.5 million of the IPO.
Each unit consists of one share of the Company’s Class A common stock and three-quarters of one redeemable warrant; whole warrants are redeemable at $11.50 per share.
Hennessy Capital Acquisition IV plans to list on the Nasdaq under the symbol HCACU. Nomura Securities and Stifel acted as lead managers on the deal.
