Hennessy Capital Investment Corp VI (HCVI) Pushes Extension Vote to Afternoon
by Nicholas Alan Clayton on 2023-09-29 at 7:03am

Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced overnight that it plans to adjourn today’s 9 am ET extension vote and reopen it at 3 pm ET this afternoon.

This does not technically change the redemption deadline for investors, but those wishing to withdraw their redemption requests may still do so by 2 pm ET today.

Earlier this month, the SPAC persuaded owners of 132,398 shares to stay in via a non-redemption agreement. The SPAC has not yet announced a definitive agreement and is seeking to extend its deadline to January 10, 2024 without contributing additional funds to its trust.

The Hennessy team has taken over both two (NYSE:TWOA) and Compass Digital (NASDAQ:CDAQ) in transactions for their existing sponsor economics this year, but Hennessy VI is a vehicle that the group launched on their own in 2021.

This SPAC is seeking to combine with a target valued at over $1 billion with a large addressable market and strong management.

 

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