Hennessy Capital Acquisition Corp. IV (HCAC) announced that over 99.97% of its public shareholders have opted to retain their shares in anticipation of a business combination with Canoo Holdings Ltd. The transaction is expected to yield over $625 million, a significant amount to fund Canoo's electric vehicle initiatives. The combined entity will be renamed Canoo Inc. and will trade under the ticker symbols GOEV and GOEVW. The special meeting for HCAC shareholders is set for December 21, 2020, to approve the business combination.
Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC, HCACW, HCACU) urges stockholders to participate in a vote for the proposed business combination with Canoo Holdings Ltd., scheduled for December 21, 2020, at 10:00 a.m. Eastern time. The meeting will be held virtually due to COVID-19. Stockholders must ensure their votes are cast to represent their shares. A definitive proxy statement was filed with the SEC on December 4, 2020, providing detailed information about the business combination. Stockholders are encouraged to review the proxy materials ahead of the meeting.
Hennessy Capital Acquisition Corp. IV (HCAC) has set a Special Meeting on December 21, 2020, for stockholders to vote on its proposed business combination with Canoo Holdings Ltd. The Record Date is October 27, 2020. Upon closure, Canoo will become a wholly-owned subsidiary, and HCAC will be renamed "Canoo Inc." with new trading symbols "GOEV" and "GOEVW." Canoo plans to unveil its Multi-Purpose Delivery Vehicle on December 17, 2020, as it accelerates growth and capital allocation strategies. The meeting will be entirely virtual due to COVID-19.
Hennessy Capital Acquisition Corp. IV (HCAC) announced stockholder approval for extending the deadline to complete a business combination with Canoo Holdings Ltd. from September 5, 2020, to December 31, 2020. This extension aims to finalize the Canoo Transaction in Q4 2020, contingent on stockholder approval and other customary conditions. HCAC raised $300 million in its IPO in March 2019 and is listed on NASDAQ under HCAC, HCACU, and HCACW.