There’s nothing dull about Hennessy Capital (NASDAQ:HCAC), though it takes a little bit of digging to see HCAC stock’s value since Hennessy is just a shell company. Now that you know what’s coming, you can position yourself accordingly and celebrate the completion of a potentially game-changing merger. We reported a few days back that Hennessy Capital shareholders would vote on the proposed merger agreement with Canoo during a special meeting on the 21st of December. Yet, there’s more to Canoo’s electric vehicle lineup than just looks. Copyright © 2021 InvestorPlace Media, LLC. The automaker plans to … December 14, 2020. Interestingly, HCAC stock taxied down the runway for many months before the big takeoff occurred. © 2021 NewAge ADS, LLC. Hennessy Capital Stock Offers an EV SPAC With a Difference, Louis Navellier and the InvestorPlace Research Staff, has planned a special shareholder meeting, “unique, self-contained, independently drivable rolling chassis”, the biggest tech revolution of this (or any) generation, 7 Mega-Cap Stocks With Solid Foundations, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? With that, hopefully the Canoo special purpose acquisition company (SPAC) merger will be finalized. Nasdaq As we’ll discover, Canoo isn’t just different; it’s disruptive, but in a good way. With hardly any warning, HCAC more than doubled in price, topping out at $22.43. Hennessy Capital Acquisition Corp. (NASDAQ: HCAC) has announced a reverse merger with electric vehicle maker Canoo Holdings. Moreover, in a departure from the industry norms, Canoo’s Lifestyle and Sport models will be available to the consumers via an innovative subscription business model. Frequently the merger process can take 3 months or longer, to finalize once a deal has been announced. 1125 N. Charles St, Baltimore, MD 21201. wool HCAC/GOEV go down after the merger Advice Request I’ve seen a lot of articles advising to sell before the merger date, but i’ve seen some people on here intending to hold way past the merger. The closer the merger date, the higher the price will go. HCAC (EV producer, Canoo/CNOO will use this SPAC for reverse-merger) is the latest EV play in the market and with how is everything going on, we could see $20 in a week from now. Clearly, the bulls are firmly in control of HCAC stock. - Special meeting of stockholders to approve proposed business combination with … Search for ticker symbols for Stocks, Mutual Funds, ETFs, Indices and Futures on Yahoo! As a refresher, Canoo’s star attraction is its highly flexible and modular skateboard platform that enables rapid development of electric vehicles – the entire process concludes in 18 to 24 months – at a substantially reduced cost. They’re also powerful and practical. Moreover, with its $600 million in capital raised, the effective market cap is about $1.514 million. Merger vote is done and 100% successful. All rights reserved. HCAC stock closed lower today despite a new vehicle unveiling from EV startup Canoo. Form 8-K will be filed now with SEC. The merger takes off and by redemption date after merger, the common stock has risen to $20. In the run-up to today’s vote, Hennessy Capital announced on the 18th of December that the combined company would have access to over $625 million in proceeds after the lapse of the pre-merger share redemption window. The Employee Stock Purchase Plan Proposal: To approve and adopt the employee stock purchase plan. The special meeting of shareholders for @Canoo $HCAC confirms all proposals were approved. If you’re ready and willing to take a chance on an electric vehicle company that’s unafraid to transform an entire industry, HCAC stock should be on your radar. Canoo is an unusual name, but then, these are unusual vehicles. Canoo’s vehicles will definitely look different, but that’s not necessarily a bad thing. On track to close the previously announced merger with Hennessy Capital Acquisition Corp. IV ("HCAC") (Nasdaq: HCAC) in the fourth quarter of 2020 News provided by Canoo With a vote on the Hennessy-Canoo reverse merger coming up soon, HCAC stock is worth considering today. The Adjournment Proposal: To adjourn the special meeting to a later date. Month after month, HCAC was magnetized to the $10 area. When Its Merger With EV Maker Canoo Closes, HCAC Stock Will Fly HCAC stock is worth 60% more when it merges By Mark R. Hake , CFA Dec 17, 2020, 7:10 am EST December 17, 2020 That’s the day when Hennessy Capital has planned a special shareholder meeting. LOS ANGELES, Oct. 20, 2020 /PRNewswire/ -- Canoo Holdings Ltd. ("Canoo"), a company developing breakthrough electric vehicles (EV) with a proprietary and highly versatile skateboard platform, announced today the appointment of Tony Aquila as Executive Chairman as it prepares for the closing of the announced merger with Hennessy Capital Acquisition Corp. IV … Upon completion of the merger, the expiration date of the warrant is reset to 5 years from the date … In particular, Hennessy is enacting a business combination with Canoo, which seeks to transform urban transportation as we know it. The company’s 52-week high price is 14.49, which means current price is +28.34% above from all time high which was touched on 11/30/20. If Canoo is an exciting company, then the price action of HCAC stock is equally exciting. NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC, HCACW, HCACU) (“HCAC”) today announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective its registration statement on Form S-4 (File No. The Election of Directors Proposal: To elect nine directors to serve on the board. This top-line metric, however, is expected to swell to $1.43 billion by 2024 and to a whopping $4.12 billion by 2026. Jan. 22, 2021, Don’t Buy CCIV Stock Now. There were quick price pops along the way, but those didn’t last too long. That gives HCAC stock a $914 million market cap on a “see-through” basis. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Simple as that. At $20 common – $11.50 strike price, your warrant is intrinsically worth $8.50 each. If … The Charter Proposals: To increase the number of authorized common shares to 500 million and the number of authorized preferred shares to 10 million; to establish the 2/3rd majority as the threshold for altering, amending, or repealing the bylaws of Hennessy Capital as well as the articles V, VI, VII, and VIII of the charter; to approve and adopt the proposed charter. This is a stock that went from a real sleeper to a moon shot very quickly. For latest tech news in your inbox, once a day! The essential thing to know is that Canoo’s vehicles will offer drivers a smooth ride in a surprisingly roomy and robust next-generation electric vehicle. The smaller variant of the new van will offer a cargo space of 230 cubic feet and a maximum range of 230 miles, based on an 80-kWh battery pack. The merger will see HCAC and Canoo Holdings Ltd. joined together with Canoo surviving the merger. Hennessy Capital Acquisition Corp. IV stock is now 16.34% up from its year-to-date (YTD) trading value. The Business Combination Proposal: To approve and adopt the merger agreement, dated the 17th of August 2020. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Canoo, a company that is developing passenger and commercial electric vehicles (EVs) based on a highly versatile skateboard platform, is now all set to go public by merging with the Special Purpose Acquisition Company (SPAC), Hennessy Capital Acquisition Corp IV (NASDAQ:HCAC). At that meeting, shareholders will vote on its pending acquisition of Canoo. Once that occurs, the shares of the combined company will start to trade on the NASDAQ under the ticker symbol GOEV (NASDAQ: GOEV). quotes delayed at least 15 minutes, all others at least 20 minutes. The Stock Incentive Plan Proposal: To approve and adopt the equity incentive award plan. Hennessy Capital shareholders have now approved all tabled proposals, paving the way for the closure of the merger agreement with Canoo. Then came the explosion in November and December. But Pounce on the Lucid Motors Merger, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next, Lifestyle Vehicle: 250+ mile range, charge time of 20% to up to 80% in 28 minutes, top speed of 125 mph, Sport Vehicle: 300+ mile range, 4 or 5 passenger seat capacity, comparatively small footprint, Delivery Vehicle: 200+ mile range, total cargo volume ranging from 6.2 to 11 cubic meters, approximate vehicle weight of 2,600 kilograms. Some posts on Wccftech.com may contain affiliate links. That’s 325% return on your initial investment! HCAC Stock saw the intraday high of $12.10 and lowest of $11.17 per share. Today, Hennessy Capital announced a special shareholder meeting will take place Dec. 21. HCAC stock has since risen to $10.60 per share, up 6% from the company’s IPO. Finance. TRNE warrant price jumped 2.5x from $0.95 to $2.50. Other Events. Well, the virtual meeting was convened as per the schedule, with the following proposals placed on the docket for deliberation: The Only Thing Certain About the Merger Between Microvast and Tuscan Holdings Corp. (THCB) Is That Nothing Is Certain. …and seems like I … Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Item 8.01. Expected to start retailing in 2022 from $33,000 onward, this van is the second addition to the company’s product portfolio, following the announcement of a subscription-only van last year. Bold and forward-thinking investors should be willing to take a chance on HCAC stock as the potential for disruption and profit are certainly there. December 07, 2020 09:00 ET | Source: Hennessy Capital Acquisition Corp. IV. The electric vehicle market is red-hot right now, so I certainly would not recommend trying to short-sell HCAC. Shareholders will vote on Hennessy’s pending acquisition of Canoo at that meeting. Investors interested in owning QuantumScape can start buying KCAC stock before the merger closes. Copyright © — Kjetill Stjerne 🌿 (@KjetillStjerne) December 21, 2020. Article printed from InvestorPlace Media, https://investorplace.com/2020/12/hcac-stock-offers-an-electric-vehicle-spac-with-a-difference/. How different will Canoo’s debut lifestyle, sport and delivery vehicles be? HCAC (EV producer, Canoo/CNOO will use this SPAC for reverse-merger) is the latest EV play in the market and with how is everything going on, we could see $20 in a week from now. 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