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Hennessy Capital Investment Corp. VI(HCVIU)
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Hennessy Capital Investment Corp. VI(HCVIU) - 2022 Q3 - Quarterly Report
2022-11-07 23:22
Financial Position - As of September 30, 2022, the company had cash of approximately $1,073,000 and working capital of approximately $592,000[114] - As of September 30, 2022, the company had approximately $1,073,000 in cash and $592,000 in working capital, raising concerns about its ability to continue operations beyond one year without completing a Business Combination[142] - The company has no long-term debt, capital lease obligations, or operating lease obligations as of September 30, 2022[132] Operational Performance - The company reported a loss from operations of approximately $580,000 and $1,736,000 for the three and nine months ended September 30, 2022, respectively[117] - The company has not generated any revenues to date and only incurs non-operating income from interest on cash and cash equivalents[115] - The company incurred approximately $19,741,000 in costs related to its initial public offering, including $18,750,000 in underwriters' discount[150] Business Combination Plans - The company expects to incur significant costs in pursuit of an initial Business Combination, which may increase substantially following the initial public offering[115] - The company plans to use substantially all funds in the Trust Account to complete its initial Business Combination[121] - If the company cannot complete a Business Combination before October 1, 2023, it may be forced to liquidate unless it receives an extension approval from shareholders[125] - The company plans to complete a Business Combination prior to October 1, 2023, to avoid liquidation of its operations[142] - The company has engaged in discussions with potential business combination partners but has not yet entered into a definitive agreement[111] Taxation - The Company recorded an income tax expense of approximately $300,000 for the three months ended September 30, 2022, compared to $0 for the same period in 2021[152] - The effective tax rate for the three and nine months ended September 30, 2022, was approximately 10% and 2%, respectively[152] - As of September 30, 2022, the Company has a deferred tax asset of approximately $440,000, primarily related to start-up costs[152] - Management has determined that a full valuation allowance of the deferred tax asset is appropriate at this time[152] - There were no unrecognized tax benefits as of September 30, 2022, or December 31, 2021[153] - The Company is subject to income tax examinations by major taxing authorities since inception[153] Shareholder and Financing Information - The net proceeds from the initial public offering were approximately $343,940,000, with about $340,930,000 deposited into the Trust Account[120] - The gross proceeds from the Public Offering amounted to $340,930,000, with shares of Class A common stock subject to redemption totaling $342,171,000 as of September 30, 2022[157] - The Company has 34,092,954 public shares that contain a redemption feature, which must not cause net tangible assets to fall below $5,000,001 upon closing a business combination[155] - The company may need to seek additional financing to complete its initial Business Combination if the cash portion of the purchase price exceeds the amount available from the Trust Account[129] Warrant and Stock Information - The estimated fair value of the Public Warrants was $0.26 per warrant as of September 30, 2022, compared to $0.84 per warrant at December 31, 2021[140] - The fair value of the Warrants is estimated using a binomial lattice simulation approach, with changes recognized as a non-cash gain or loss on the statements of operations[159] - The company has not considered the effect of the Warrants sold in its initial public offering in the calculation of diluted income per share, as their inclusion would be anti-dilutive[144] - Changes in the carrying amount of redeemable Class A common stock are affected by adjustments to additional paid-in capital[157] Compensation - The company has agreed to compensate its President and Chief Operating Officer, as well as its Chief Financial Officer, $29,000 per month prior to the consummation of the initial Business Combination[133]
Hennessy Capital Investment Corp. VI(HCVIU) - 2022 Q2 - Quarterly Report
2022-08-10 23:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40846 HENNESSY CAPITAL INVESTMENT CORP. VI (Exact name of registrant as specified in its charter) | Delaware | 86-162693 ...
Hennessy Capital Investment Corp. VI(HCVIU) - 2022 Q1 - Quarterly Report
2022-05-11 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40846 HENNESSY CAPITAL INVESTMENT CORP. VI (Exact name of registrant as specified in its charter) | Delaware | 86-16269 ...
Hennessy Capital Investment Corp. VI(HCVIU) - 2021 Q4 - Annual Report
2022-03-28 20:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40846 HENNESSY CAPITAL INVESTMENT CORP. VI (Exact name of registrant as specified in its charter) | Delaware | 86-1626937 | | --- | --- | | (State ...
Hennessy Capital Investment Corp. VI(HCVIU) - 2021 Q3 - Quarterly Report
2021-11-12 22:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Registrant's telephone number, including area code: (307) 201-1903 Not applicable (Former name or former address, if changed since last report) ...