other material
confidence high
sentiment neutral
materiality 0.50
Hennessy Capital VIII closes $241.5M IPO and $6.71M private placement; trust funded
Hennessy Capital Investment Corp. VIII
- IPO of 24.15M units at $10/unit closed Feb 6, 2026; includes full overallotment exercise of 3.15M units.
- Private placement of 671,000 units to sponsor HC VIII Sponsor LLC at $10/unit, gross $6.71M.
- Net proceeds $241.5M deposited in trust; deferred underwriting fee $4.83M.
- Audited balance sheet: cash $1.25M, trust $241.5M, shareholders' deficit $3.97M (accumulated deficit).
- Company has 24 months from IPO to complete an initial business combination.