Hennessy Capital Acquisition Corp. III Announces Pricing of $225 Million Initial Public Offering
22 Junio 2017 - 3:41PM
Business Wire
Hennessy Capital Acquisition Corp. III (the “Company”) announced
today that it priced its initial public offering of 22,500,000
units at $10.00 per unit, for gross proceeds of $225,000,000.
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 entitles its holder to purchase one share of the
Company’s common stock at a price of $11.50 per share. In
connection with this offering, the Company has granted the
underwriters a 45-day option to purchase up to an additional
3,375,000 units to cover any over-allotments in the offering.
The units are expected to begin trading on Friday, June 23, 2017
on the NYSE MKT under the symbol “HCAC.U”. Once the securities
comprising the units begin separate trading, the common stock and
warrants are expected to be listed on the NYSE 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. The
Company has not selected any specific business combination target
and it has not, nor has anyone on its behalf, initiated any
substantive discussions, directly or indirectly, with any business
combination target.
Credit Suisse Securities (USA) LLC and Stifel, Nicolaus &
Company, Incorporated are acting as joint book-runners for the
offering. The offering is 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.
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.
Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
“Risk Factors” section of the Company's registration statement and
preliminary prospectus for the offering filed with the Securities
and Exchange Commission (“SEC”). Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170622006192/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
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