Hennessy Capital Investment Corp. VIII Announces Closing of Upsized $241,500,000 Initial Public Offering

Core Viewpoint - Hennessy Capital Investment Corp. VIII successfully completed its upsized initial public offering, raising gross proceeds of $241.5 million through the sale of 24,150,000 units priced at $10.00 per unit, with trading commencing on Nasdaq under the ticker symbol "HCICU" [1][2]. Group 1: IPO Details - The IPO included 3,150,000 units sold due to the full exercise of the underwriters' over-allotment option [1]. - Each unit consists of one Class A ordinary share and one right to receive one-twelfth of one Class A ordinary share upon the consummation of the Company's initial business combination [1]. - The proceeds from the IPO, amounting to $241.5 million, were placed in the Company's trust account [4]. Group 2: Company Background - The Company is a newly incorporated blank check company founded by Daniel J. Hennessy, aimed at effecting a merger, share exchange, asset acquisition, or similar business combination [2]. - The Company intends to focus its search for a target business in the industrial technology and energy transition sectors [2]. Group 3: Management and Underwriters - Daniel J. Hennessy, Chairman and CEO, expressed gratitude for investor trust and emphasized the Company's commitment to delivering long-term value [2]. - Barclays Capital Inc. and Cohen & Company Capital Markets served as the lead joint book-running managers for the IPO, with Academy Securities, Inc. as a co-book running manager [3].