Hennessy Capital Investment V announced today that it has canceled a stockholders meeting that was previously scheduled for Dec. 21 and will instead dissolve, being unable to close a deal by deadline.
The per-share redemption price is expected to be approximately $10.06.
The SPAC raised $300 million in a January 2021 IPO, with plans at the time to target a US company involved in sustainable industrial technology and or infrastructure, with an aggregate enterprise value of $1 billion or greater.
Hennessy V in November 2021 terminated a merger agreement with Plus, a global provider of self-driving truck technology. Read more.
