Hennessy Capital Investment VI, a blank check company formed by Hennessy Capital targeting US industrial technology, raised the proposed deal size for its upcoming IPO on Friday.
The Wilson, WY-based company now plans to raise $300 million by offering 30 million units at $10. The company had previously filed to offer 20 million units at the same price. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. Certain anchor investors have indicated an interest in purchasing up to $291 million worth of units in the offering (97% of the deal). At the revised deal size, Hennessy Capital Investment VI will raise 50% more in proceeds than previously anticipated.
The company is led by CEO and Chairman Daniel Hennessy, who has led sponsor Hennessy Capital since founding the firm in 2013. Hennessy Capital Investment VI intends to focus on industries that complement management's background, and to capitalize on their ability to identify and acquire a business, focusing on industrial technology in the US.
Hennessy Capital Investment VI was founded in 2021 and plans to list on the Nasdaq under the symbol HCVIU. Citi and Barclays are the joint bookrunners on the deal.
