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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (2756)	12/18/2020 1:25:48 PM
From: Glenn Petersen	Respond to of 3862

The shareholders of Hennessy Capital Acquisition Corp. IV (stock symbol: HCAC) have approved the merger with Canoo. As soon as the transaction closes, Canoo's common stock and warrants will begin trading under the symbol's GOEV and GOEVW, respectively. The rollout of Canoo's initial product: Hennessy Capital Acquisition Corp. IV Announces Overwhelming Support for Its Announced Business Combination With Canoo; Cash Proceeds to Exceed $625 Million Following Transaction Closing Hennessy Capital Acquisition Corp. IV Fri, December 18, 2020, 8:00 AM CST - Over $625 million of proceeds raised in the transaction will support the production and launch of electric vehicles (EV) featuring Canoo's advanced EV platform technology - - 99.97% of Public Shareholders Elected to retain GOEV stock - - Shareholders Are Reminded to Vote in Favor of the Business Combination – NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC, HCACW, HCACU) (“HCAC”) today announced that, as of the deadline for redemption elections in connection with the pending business combination (the “Business Combination”) with Canoo Holdings Ltd. (“Canoo”), over 99.97% (or approximately $306 million) of funds will remain in HCAC’s trust account as of closing. As a result, over $625 million of proceeds will be available upon the closing of the Business Combination. Tony Aquila, Executive Chairman of Canoo commented, “We are grateful to investors for supporting our vision. With more than $625 million available to us upon close of the transaction, we have adequate resources to execute our go-to-market strategy. We will bring consumers and businesses what they need to enjoy the full benefits of our multi-purpose EV platform." Daniel J. Hennessy, Chairman and Chief Executive Officer of HCAC added, “This transaction has enabled Canoo to accelerate key initiatives, including its B2B (business to business) multi-purpose delivery vehicle which it revealed yesterday. This important B2B vehicle targets a huge addressable market and represents a compelling opportunity for investors in this category.” HCAC’s stockholders of record at the close of business on October 27, 2020 (the “Record Date”) are entitled to vote the shares of common stock of HCAC owned by them at the special meeting of HCAC stockholders on December 21, 2020 (the “Special Meeting”) to approve the Business Combination. In connection with the Business Combination, HCAC filed its registration statement on Form S-4 (File No. 333-248923) (as amended, the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”), which includes the definitive proxy statement/prospectus. The Registration Statement was declared effective by the SEC on December 4, 2020, and the definitive proxy statement/prospectus and proxy card were mailed shortly thereafter to HCAC’s stockholders of record as of the Record Date. If any of HCAC's stockholders have not received the Proxy Statement, such stockholder should confirm their proxy's status with their broker, or call HCAC’s proxy solicitor, Morrow Sodali LLC, at (800) 662-5200 for help (banks and brokers can call collect at (203) 658-9400). The Business Combination is expected to close as soon as practicable after the Special Meeting, subject to the satisfaction of the applicable closing conditions. Upon the closing of the Business Combination, the combined company will be renamed "Canoo Inc." and its common stock and warrants will trade on The Nasdaq Global Select Market (“Nasdaq”) under the ticker symbols "GOEV" and “GOEVW,” respectively. About Hennessy Capital Acquisition Corp. IV Hennessy Capital Acquisition Corp. IV is a special purpose acquisition company (or SPAC) which raised $300 million in its IPO in March 2019 and is listed on the Nasdaq Stock Market (NASDAQ: HCAC, HCACU, HCACW). HCAC was founded by Daniel J. Hennessy to pursue an initial business combination, with a specific focus on businesses in the industrial, technology and infrastructure sectors. For more information, please visit www.hennessycapllc.com. <snip> Story Link