Hennessy Capital Acquisition Corp. III Announces Closing of Over-Allotment Option in Connection with its Initial Public Offer...
19 Juillet 2017 - 10:00PM
Business Wire
Hennessy Capital Acquisition Corp. III (NYSE MKT: HCAC.U) (the
“Company”) announced today that the underwriters of its initial
public offering have exercised their over-allotment option to
purchase 3,165,000 units (the “Over-Allotment Units”) and that the
Company has closed the sale of such Over-Allotment Units. The
Over-Allotment Units were sold at an offering price of $10.00 per
unit, generating additional gross proceeds of approximately $31.7
million to the Company and bringing the total gross proceeds of the
initial public offering to approximately $256.7 million.
A pro forma balance sheet of the Company reflecting receipt of
the proceeds upon consummation of the over-allotment option will be
included as an exhibit to a Current Report on Form 8-K to be filed
by the Company with the Securities and Exchange Commission.
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 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/20170719006245/en/
Hennessy Capital Acquisition Corp. IIIDaniel J. Hennessy,
307-734-4849Chairman and CEOdhennessy@hennessycapllc.comorNicholas
A. Petruska, 330-550-9074Executive Vice President and
CFOnpetruska@hennessycapllc.comorMedia Contacts:Halliburton
Investor RelationsGlen Orr or Geralyn DeBusk,
972-458-8000HCAC@halliburtonir.com
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