IPOs
By The Online Investor Staff, updated Mon., Jan. 20, 5:34 PM
| This Slide: #1 of 15 |
Slide #1. Hennessy Capital Investment Corp. VII — Initial Public Offering
Company:
Hennessy Capital Investment Corp. VII
Proposed Symbol:
HVII
Shares Offered:
17,500,000
Price Per Share:
$10.00
Over-Allotment:
2,625,000
Description:
Hennessy Capital Investment Corp. VII (the "Company"), a special purpose acquisition company, announced today the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "HVIIU" beginning tomorrow, Friday, January 17, 2025. Each unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12) of a Class A ordinary share upon the consummation of the Company's initial business combination ("Share Right"). Once the securities comprising the units begin separate trading, the Company's Class A ordinary shares and the Share Rights are expected to be listed on Nasdaq under the symbols "HVII" and "HVIIR," respectively. The offering is expected to close on January 21, 2025, subject to customary closing conditions. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is the lead book running manager, and Clear Street LLC and Loop Capital Markets LLC are acting as co-book running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any.
