Hennessy Capital Investment VI, a blank check company formed by Hennessy Capital targeting US industrial technology, raised $300 million by offering 30 million units at $10.
Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. Anchor investors have indicated on buying most of the deal. The SPAC had originally filed to raise $200 million, before increasing the deal size earlier this month.
The company is led by CEO and Chairman Daniel Hennessy, who has led sponsor Hennessy Capital since founding the firm in 2013. He is joined by COO, President, and Director Greg Ethridge, the COO of Hennessy Capital, and CFO Nicholas Petruska, who also serves as CFO of Hennessy V.
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 plans to list on the Nasdaq under the symbol HCVIU. Citi and Barclays acted as joint bookrunners on the deal.
