HCIC director reports 25,000 founder shares
Hennessy Capital Investment Corp. VIII director Kyle Crowley reported beneficial ownership of 25,000 Class B ordinary shares.
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Rhea-AI Filing Summary
Hennessy Capital Investment Corp. VIII director Kyle Crowley reported beneficial ownership of 25,000 Class B ordinary shares. The filing shows these shares are held directly and reflects his initial ownership disclosure as a company insider.
The Class B ordinary shares automatically convert into Class A ordinary shares at the time of the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to adjustments, and they have no expiration date. The filing notes it was submitted late due to delays in obtaining Crowley’s EDGAR access codes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class B ordinary shares | -- | -- | -- |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 for Hennessy Capital Investment Corp. VIII (HCICU) disclose?
Was the Form 3 for HCICU filed on time?
What is Kyle Crowley’s role at Hennessy Capital Investment Corp. VIII (HCICU)?
AI-generated analysis. How Rhea-AI works. Not financial advice.