Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Hennessy Capital Acquisition Corp. IV Announces Overwhelming Support for Its Announced Business ...
Hennessy Capital Acquisition Corp. IVDecember 18, 2020 GMT
- Over $625 million of proceeds raised in the transaction will support the production and launch of electric vehicles (EV) featuring Canoo’s advanced EV platform technology -
- 99.97% of Public Shareholders Elected to retain GOEV stock -
- Shareholders Are Reminded to Vote in Favor of the Business Combination –
NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC, HCACW, HCACU) (“HCAC”) today announced that, as of the deadline for redemption elections in connection with the pending business combination (the “Business Combination”) with Canoo Holdings Ltd. (“Canoo”), over 99.97% (or approximately $306 million) of funds will remain in HCAC’s trust account as of closing. As a result, over $625 million of proceeds will be available upon the closing of the Business Combination.