Hennessy Capital Investment VI said it has postponed a Sept. 27 shareholders meeting until Sept. 29 to consider a termination extension. If approved, that would extend the SPAC’s runway to Jan. 10, 2024 from the current Oct. 1 deadline. The proposal does not include additional contributions to the trust.
Hennessy VI also entered into a non-redemption agreement with an unaffiliated third-party investor who will hold onto 132,398 shares through the extension vote. In return, the SPAC will give the participating investor 9,735 shares of Class B stock, according to an 8-K filed today.
The SPAC raised $300 million in a September 2021 IPO to focus on US-based industrial technology companies with an enterprise value of $1 billion or greater.
At June 30 the SPAC held slightly more than $350 million in trust, according to a 10Q. Read more.
