Hennessy Capital VIII (HCICU) director discloses 30,000 Class B founder shares
Rhea-AI Filing Summary
Hennessy Capital Investment Corp. VIII director Elizabeth Suzanne Williams filed an initial ownership report showing beneficial ownership of 30,000 Class B ordinary shares. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination or earlier at the holder’s option and have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Elizabeth Suzanne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 30,000 shares (Direct)
Footnotes (1)
- F1. As described in the registrant's Registration Statement on Form S-1 (File No. 333-291924) under the heading "Description of Securities-Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the registrant's initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
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FAQ
What does Elizabeth Suzanne Williams report owning in HCICU on this Form 3?
She reports beneficial ownership of 30,000 Class B ordinary shares. These holdings are reported as directly owned. The filing is an initial ownership statement, establishing her starting equity position as a director of Hennessy Capital Investment Corp. VIII.
Does the HCICU Class B stock reported by Williams have an expiration date?
The Class B ordinary shares reported have no expiration date. The footnote explains that these founder shares remain outstanding until they automatically convert into Class A ordinary shares in connection with the initial business combination or an earlier elective conversion.
Is this HCICU Form 3 a buy or sell transaction by Elizabeth Williams?
The Form 3 is an initial ownership report, not a buy or sell. It records that she beneficially owns 30,000 Class B ordinary shares as of the reporting date, establishing her position as a director rather than disclosing a new purchase or sale.
What role does Elizabeth Suzanne Williams have at Hennessy Capital Investment Corp. VIII (HCICU)?
She is identified as a director of Hennessy Capital Investment Corp. VIII. The Form 3 checks the director box and provides her initial beneficial ownership details, linking her governance role directly to the 30,000 Class B ordinary shares reported.