Hennessy Capital Investment Corp. VIII Raises $241.5 Million in Upsized IPO
Hennessy Capital Investment Corp. VIII completed an upsized IPO of 24,150,000 units at $10.00 each, including 3,150,000 units from overallotment, generating $241.5 million in gross proceeds. The units began trading on Nasdaq under HCICU and will separate into Class A shares (HCIC) and share rights (HCICR) upon completion of its initial business combination search in the industrial technology and energy transition sectors.
1. IPO Closing and Proceeds
Hennessy Capital Investment Corp. VIII sold 24,150,000 units at $10.00 per unit in its initial public offering, including the full exercise of a 3,150,000‐unit overallotment, resulting in $241.5 million in gross proceeds. All funds were placed into a trust account pending the SPAC’s business combination, with an audited balance sheet to be filed on Form 8-K.
2. Trading Structure and Future Listings
Units commenced trading on Nasdaq under the ticker HCICU on February 5, 2026. Upon separation, Class A ordinary shares will trade under HCIC and share rights entitling holders to one-twelfth of a share upon combination will trade under HCICR, with no public warrants issued.
3. Acquisition Focus
The SPAC, founded by Daniel J. Hennessy, will seek an initial business combination in industrial technology and energy transition industries. The blank check company has the flexibility to pursue mergers, asset acquisitions or reorganizations with one or more target businesses in these sectors.