Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure solutions sectors, filed with the SEC on Monday to raise $250 million in an initial public offering.
The Wilson, WY-based company plans to raise $250 million by offering 25 million units at a price of $10. Insiders intend to purchase $33 million worth of units in the offering (13% of deal). At $10, Hennessy Capital Acquisition IV would command a market value of $313 million. Each unit consists of one share of common stock and three-quarters of one warrant to purchase a share of common stock at $11.50 per share.
Hennessy Capital Acquisition IV was founded in 2018 and plans to list on the Nasdaq under the symbol HCACU. Nomura Securities and Stifel are the joint bookrunners on the deal.
