Hennessy Capital Investment Corp. V’s (OTCMKTS:HCICU) Quiet Period Set To End on March 17th

Hennessy Capital Investment Corp. V’s (OTCMKTS:HCICU) quiet period will expire on Tuesday, March 17th. Hennessy Capital Investment Corp. V had issued 21,000,000 shares in its public offering on February 5th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. During Hennessy Capital Investment Corp. V’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Hennessy Capital Investment Corp. V Price Performance

HCICU stock opened at $9.99 on Tuesday. The business has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $10.05. Hennessy Capital Investment Corp. V has a twelve month low of $9.98 and a twelve month high of $10.05.

Insider Buying and Selling at Hennessy Capital Investment Corp. V

In other Hennessy Capital Investment Corp. V news, President Thomas D. Hennessy acquired 671,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $6,710,000.00. Following the completion of the purchase, the president owned 671,000 shares in the company, valued at $6,710,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Hc Viii Sponsor Llc acquired 671,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $6,710,000.00. Following the completion of the purchase, the insider owned 671,000 shares of the company’s stock, valued at $6,710,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Hennessy Capital Investment Corp. V Company Profile

Hennessy Capital Investment Corp. V is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the OTC Markets under the ticker HCICU. As a blank-check vehicle, the company’s primary purpose is to raise capital through a public offering and then identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The firm was sponsored by Hennessy Capital LLC, a firm with experience in sponsoring multiple SPACs and advising on alternative asset strategies.

Since its formation, Hennessy Capital Investment Corp.