Hennessy Capital Investment Corp. VIII (NASDAQ: HCICU) closed an upsized initial public offering of 24,150,000 units at $10.00 per unit, generating $241,500,000 in gross proceeds, including full exercise of a 3,150,000-unit over-allotment option.
Each unit comprises one Class A ordinary share and one right to receive one-twelfth of a Class A share upon consummation of an initial business combination. Proceeds were placed in a trust account; no warrants were issued.
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Positive
Upsized IPO raised $241,500,000 in gross proceeds
Full exercise of over-allotment: 3,150,000 units
Proceeds placed in trust account at $10.00 per unit
Units listed and commenced trading on Nasdaq under HCICU
Negative
Company is a newly incorporated blank check company with no operating history
No warrants were issued publicly or privately, reducing potential investor sweeteners
Key Figures
IPO gross proceeds:$241,500,000Units sold:24,150,000 unitsOver-allotment units:3,150,000 units+3 more
6 metrics
IPO gross proceeds$241,500,000Upsized initial public offering of units
Units sold24,150,000 unitsTotal units in IPO, including over-allotment
Over-allotment units3,150,000 unitsUnits from full exercise of underwriters’ over-allotment option
IPO price$10.00 per unitPublic offering price for each unit
Trust funding$241,500,000Placed in trust account at $10.00 per IPO unit
Share Right ratio1/12 Class A shareEach unit’s right upon initial business combination
Market Reality Check
Vol:Reported volume is 0 vs a...
normal vol
VolumeReported volume is 0 vs a 20-day average of 212,474, so trading activity data is not yet informative relative to this IPO news.normal
TechnicalPre-news price was indicated as trading above the 200-day MA at 9.87, suggesting the stock had been holding near its longer-term reference level into the IPO-related developments.
Market Pulse Summary
This announcement confirms the closing of an upsized SPAC IPO raising $241,500,000 at $10.00 per uni...
Analysis
This announcement confirms the closing of an upsized SPAC IPO raising $241,500,000 at $10.00 per unit, with funds placed in a trust account while management searches for a business combination in industrial technology and energy transition. With no prior news history provided, there is limited trajectory context. Key factors to monitor include target selection, deal structure, share-right mechanics, and subsequent SEC filings such as the Form 8-K balance sheet.
Key Terms
special purpose acquisition company, initial public offering, over-allotment option, trust account, +3 more
7 terms
special purpose acquisition companyfinancial
"Hennessy Capital Investment Corp. VIII ..., a special purpose acquisition company, announced today..."
A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.
initial public offeringfinancial
"...announced today the closing of its upsized initial public offering (“IPO”) of 24,150,000 units..."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
over-allotment optionfinancial
"...which included 3,150,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option."
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
trust accountfinancial
"...$241,500,000 (or $10.00 per unit sold in the IPO) was placed in the Company’s trust account."
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
Current Report on Form 8-Kregulatory
"...will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company..."
A current report on Form 8-K is a document that publicly traded companies file to promptly share important news or events that could affect their financial position or stock price, such as major business changes or legal issues. It helps investors stay informed about timely developments, allowing them to make better decisions about buying or selling shares.
registration statementregulatory
"A registration statement relating to these securities has been filed with the SEC..."
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
prospectusregulatory
"The IPO was made only by means of a prospectus. Copies of the prospectus relating to the IPO may be obtained..."
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
AI-generated analysis. Not financial advice.
New York, NY, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. VIII (NASDAQ: HCICU) (the “Company”), a special purpose acquisition company, announced today the closing of its upsized initial public offering (“IPO”) of 24,150,000 units, which included 3,150,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option. The IPO was priced at $10.00 per unit, resulting in gross proceeds of $241,500,000. The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “HCICU” on Thursday, February 5, 2026. Each unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation of the Company’s initial business combination (“Share Right”). There are no warrants issued publicly or privately in connection with the IPO. Once the securities comprising the units begin separate trading, the Company’s Class A ordinary shares and the Share Rights are expected to be listed on Nasdaq under the symbols “HCIC” and “HCICR,” respectively.
Daniel J. Hennessy, Chairman and CEO, commented “We are pleased to announce the successful completion of our initial public offering and the launch of our eighth flagship SPAC. This milestone positions us as the preferred partner for a category-winning company seeking a NASDAQ listing. We are grateful for the trust of our investors and look forward to delivering long term value to our shareholders.”
The Company is a newly incorporated blank check company founded by Daniel J. Hennessy and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Although the Company reserves the right to pursue an acquisition opportunity in any business or industry, the Company intends to focus its search for a target business in the industrial technology and energy transition sectors.
Barclays Capital Inc. and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, served as the lead joint book-running managers for the IPO, and Academy Securities, Inc. served as co-book running manager for the offering.
Of the proceeds received upon the consummation of the IPO and simultaneous private placements of units, $241,500,000 (or $10.00 per unit sold in the IPO) was placed in the Company’s trust account. An audited balance sheet of the Company as of February 6, 2026, reflecting receipt of the proceeds upon consummation of the IPO and the private placement, will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (“SEC”).
The IPO was made only by means of a prospectus. Copies of the prospectus relating to the IPO may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at Barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been filed with the SEC and was declared effective on February 4, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKINGSTATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s final prospectus for the Company’s IPO filed with the SEC. Copies of these documents are available on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
How much did Hennessy Capital Investment Corp. VIII (HCICU) raise in its IPO on February 5, 2026?
The IPO raised $241,500,000 in gross proceeds through 24,150,000 units at $10.00 each. According to the company, this total includes the full exercise of a 3,150,000-unit over-allotment option.
What does each unit of HCICU include and what happens at the business combination?
Each unit contains one Class A ordinary share and one right to receive one-twelfth of a Class A share. According to the company, the Share Rights convert upon consummation of the initial business combination.
When did HCICU begin trading on Nasdaq and under what ticker symbol?
Trading commenced on Nasdaq on February 5, 2026 under the ticker HCICU. According to the company, separate trading of shares and rights is expected under HCIC and HCICR, respectively.
Were any warrants issued in the HCICU IPO and how might that affect investors?
No warrants were issued publicly or privately in connection with the IPO. According to the company, the offering consisted solely of units composed of shares and Share Rights, without warrant incentives.
What industries will Hennessy Capital Investment Corp. VIII target for its initial business combination?
The company intends to focus its search on industrial technology and energy transition sectors. According to the company, it may pursue a merger, share exchange, asset acquisition, or similar combination with one or more targets.
