Hennessy Capital Acquisition Corp. III Completes $225 Million Initial Public Offering
June 28 2017 - 3:15PM
Business Wire
Hennessy Capital Acquisition Corp. III (NYSE MKT: HCAC.U) (the
“Company”) announced today the closing of its initial public
offering of 22,500,000 units at an initial public offering price
of $10.00 per unit, with the offering raising gross
proceeds of $225 million. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,375,000 units to cover over-allotments, if any, in the offering.
The Company’s units are listed on the NYSE MKT under the trading
symbol “HCAC.U”. Each unit issued in the offering consists of one
share of the Company's common stock and three-quarters of one
warrant, each whole warrant to purchase one share of common stock
at an exercise price of $11.50 per share. Credit Suisse Securities
(USA) LLC and Stifel, Nicolaus & Company, Incorporated acted as
joint book-runners for the offering. Once the securities comprising
the units begin separate trading, the common stock and warrants are
expected to be listed on the NYSE MKT under the symbols “HCAC” and
“HCAC WS”, respectively.
Hennessy Capital Acquisition Corp. III is a newly organized
blank check company founded by Daniel J. Hennessy and formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. The Company's acquisition
and value creation strategy will be to identify, acquire, and,
after its initial business combination, build an industrial
manufacturing, distribution or services business.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
June 22, 2017. This press release shall not constitute an offer to
sell nor the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The offering was being made only by means of a prospectus,
copies of which may be obtained from: Credit Suisse Securities
(USA) LLC, Attention: Prospectus Department, One Madison Avenue,
New York, NY 10010, or by telephone at (800) 221-1037, or by email
at newyork.prospectus@credit-suisse.com, and Stifel, Nicolaus &
Company, Incorporated, Attention: Syndicate, One Montgomery Street,
Suite 3700, San Francisco, CA 94104, or by telephone at (415)
364-2720, or by email at syndprospectus@stifel.com.
Note Concerning Forward-Looking Statements
This news release may include “forward-looking statements.” All
statements, other than statements of historical facts, included in
this news release that address activities, events or developments
that the Company expects or anticipates will or may occur in the
future are forward-looking statements. These statements are based
on certain assumptions and analyses made by the Company in light of
its experience and its perception of historical trends, current
conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However,
whether actual results and developments will conform with the
Company's expectations and predictions is subject to a number of
risks and uncertainties, including, but not limited to the
following: changes in general economic, market or business
conditions; the opportunities (or lack thereof) that may be
presented to and pursued by the Company; changes in laws or
regulations; and other factors, many of which are beyond the
control of the Company. Information concerning these and other
factors can be found in the Company's filings with the Securities
and Exchange Commission. Consequently, all of the forward-looking
statements made in this news release are qualified by these
cautionary statements and there can be no assurances that the
actual results or developments anticipated by the Company will be
realized, or even if realized, that they will have the expected
consequences to or effects on the Company, its business or
operations. We have no intention, and disclaim any obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future results or otherwise, except as
required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170628006321/en/
Hennessy Capital Acquisition Corp. IIIDaniel J. Hennessy,
307-734-4849Chairman and CEOdhennessy@hennessycapllc.comorNicholas
A. Petruska, 312-262-5665Executive Vice President and
CFOnpetruska@hennessycapllc.comorHalliburton Investor RelationsGlen
Orr or Geralyn DeBusk, 972-458-8000HCAC@halliburtonir.com
Hennessy Capital Acquisition Corp. Iii (AMEX:HCACU)
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