Hennessy Capital Investment Corp. V’s (OTCMKTS:HCICU) Quiet Period Will Expire Tomorrow

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 the company’s quiet period, insiders and underwriters 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 Stock Performance

Shares of HCICU opened at $10.00 on Monday. Hennessy Capital Investment Corp. V has a 1 year low of $9.98 and a 1 year high of $10.05. The business has a 50-day moving average of $10.03 and a 200-day moving average of $10.04.

Insider Buying and Selling

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

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.