Hennessy Capital Investment Corp. V
HCICW
NASDAQ Capital Market0.00
USD
-0.01
- -
CIK
0001829455
ISIN
EGS69261C013
Return %
Stock
S&P500
1Y
-99.94
18.21
3Y
-99.98
64.38
5Y
-99.98
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Daniel Joseph Hennessy
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3415 North Pines Way Wilson WY United States of America
- IPO Date
- Mar 8, 2021
- CIK
- 0001829455
- Similar Companies
- Business
- Hennessy Capital Investment Corp. V (HCICW) operates as a special purpose acquisition company, or blank check company, whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, focusing on the sustainable industrial technology and infrastructure sectors; it offers redeemable units consisting of Class A common stock and warrants exercisable at $11.50 per share, private placement warrants to sponsors and anchor investors such as funds managed by BlackRock and D.E. Shaw, and expressions of interest for unit purchases from anchor investors targeting sustainable growth platforms in large addressable markets. The company, founded in October 2020 and headquartered in Wilson, Wyoming, targeted businesses with enterprise values of $1 billion or greater, scalable technologies in areas like advanced mobility, renewable energy, energy conservation, pollution control, water treatment, and grid modernization, and leveraged a management team led by Chairman and CEO Daniel J. Hennessy with a track record of prior SPAC combinations including Blue Bird Corporation, Daseke, Inc., NRC Group Holdings, and Canoo Inc. Geographically, it concentrated on U.S.-based opportunities, potentially with international operations, serving industrial clients transitioning to net-zero emissions and efficiency improvements. In 2021, it announced and later mutually terminated a merger agreement with Plus (formerly Plus.ai), a self-driving truck technology provider valued at $3.3 billion with up to $500 million in proceeds, due to regulatory changes outside the U.S.; unable to complete a business combination amid adverse market conditions including high SPAC redemptions, regulatory uncertainty, and PIPE market deterioration, it canceled its December 2022 stockholder meeting, redeemed public shares at approximately $10.06 per share, delisted from Nasdaq, terminated SEC registration, and liquidated effective December 21, 2022.