Director in Hennessy Capital VIII (HCICU) reports 25,000 founder shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Crowley Kyle Bradford
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 25,000 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 the Form 3 for Hennessy Capital Investment Corp. VIII (HCICU) disclose?
The Form 3 discloses that director Kyle Crowley beneficially owns 25,000 Class B ordinary shares. This is his initial insider ownership statement, confirming his direct stake and how these founder shares convert into Class A ordinary shares in the future.
Was the Form 3 for HCICU filed on time?
The Form 3 was filed late, with the explanation that there were unanticipated delays in obtaining the reporting person’s EDGAR codes. The delay was attributed to a high volume of EDGAR access code applications at that time, according to the disclosure.
What is Kyle Crowley’s role at Hennessy Capital Investment Corp. VIII (HCICU)?
Kyle Crowley is identified as a director of Hennessy Capital Investment Corp. VIII. His Form 3 filing reflects his status as an insider and provides details on his direct beneficial ownership of 25,000 Class B ordinary shares in the company.