WILSON, Wyo., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. V (the “Company”) (Nasdaq: HCIC), announced today that it has canceled its special meeting of stockholders that was previously scheduled for 3:00 PM Eastern time on December 21, 2022, and that, due to its inability to complete an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate, effective as of the close of business on December 21, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.06 (after taking into account the removal of a portion of the accrued interest in the trust account to pay taxes and $100,000 for dissolution expenses).
Related tickers: HCIC, HCICW, HCICU.
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