Hennessy's Eighth SPAC HCICU Raises $241.5M in IPO

SPAC IPO Completion

Hennessy Capital Investment Corp. VIII (HCICU) has successfully closed its initial public offering, raising a total of $241.5 million. The offering consisted of 24.15 million units priced at $10.00 each, which included the full exercise of the underwriters’ over-allotment option.

Offering and Trading Details

The special purpose acquisition company commenced trading on the Nasdaq Global Market on February 5, 2026, under the ticker HCICU. Each unit is composed of one Class A ordinary share and one right to receive one-twelfth of a Class A share upon an initial business combination. The company did not issue warrants as part of this offering.

Strategic Focus and Leadership

The company, led by Chairman and CEO Daniel J. Hennessy, intends to target businesses in the industrial technology and energy transition sectors. The full proceeds from the IPO have been placed into a trust account. Barclays and Cohen & Company Capital Markets acted as lead joint book-running managers.

Summary and Next Steps

This IPO marks the eighth SPAC vehicle for Hennessy. Once separate trading is permitted, the Class A ordinary shares and Share Rights are expected to be listed under the symbols HCIC and HCICR, respectively. The company will now begin its search for an acquisition target.

FAQ

Q: How much did Hennessy Capital Investment Corp. VIII raise in its IPO?
A: The company raised a total of $241.5 million.

Q: What is the ticker symbol for the new SPAC?
A: The units trade on Nasdaq under the ticker symbol HCICU.

Source: Investing.com