Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HVIIU”, Friday, January 17, 2025.
The new SPAC intends to seek out a business combination with a company in the industrial technology and energy transition sectors.
Hennessy VII’s sponsor team is led by Chairman and Chief Executive Officer Daniel J. Hennessy, President and Chief Operating Officer Thomas D. Hennessy and Executive Vice President, Chief Financial Officer and Secretary Nicholas Geeza. Grant R. Allen, Brian Bonner, Anna Brunelle, Javier Saade and Poonam Sharma will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 4. This offering is expected to close on Tuesday, January 21, 2025.
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. Sidley Austin LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Odyssey Trust Company is acting as trustee.
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