Hennessy Capital Acquisition IV today announced that, as of the deadline for redemptions in connection with its pending business combination with Canoo Holdings, over 99.97% (approximately $306 million) of funds will remain in the SPAC’s trust account as of closing. As a result, over $625 million of proceeds will be available upon the closing of the merger.
A shareholder vote is set for Dec. 21.
Canoo designs and manufactures electric vehicles. Read more.
