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 is set to expire on Tuesday, March 17th. Hennessy Capital Investment Corp. V had issued 21,000,000 shares in its initial 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, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Hennessy Capital Investment Corp. V Price Performance

Shares of HCICU opened at $9.99 on Tuesday. Hennessy Capital Investment Corp. V has a 1 year low of $9.98 and a 1 year high of $10.05. The company’s fifty day moving average is $10.04 and its two-hundred day moving average is $10.05.

Insider Activity

In other news, major shareholder Hc Viii Sponsor Llc acquired 671,000 shares of Hennessy Capital Investment Corp. V stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $6,710,000.00. Following the completion of the transaction, the insider directly owned 671,000 shares in the company, valued at approximately $6,710,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas D. Hennessy acquired 671,000 shares of the stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $6,710,000.00. Following the acquisition, the president directly owned 671,000 shares in the company, valued at $6,710,000. This 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.