Home Analysis HCAC Stock Rises After Merger With EV Company Canoo. View detailed financial information, real-time news, videos, quotes and analysis on Hennessy Capital Acquisition Corp. IV Class A (NASDAQ:HCAC). Nothing new happened, no new SEC filing, no announcements, no nothing. Frequently the merger process can take 3 months or … What HCAC Stock and CNOO Stock Is Worth. What HCAC Stock and CNOO Stock Is Worth The slide presentation indicates 244.8 million shares will be outstanding by the close of the merger, on which shareholders will vote on Dec. 21. SMMC shareholders approve Billtrust merger, stock ticker changes to BTRS Hennessy Capital Acquisition (NASDAQ: HCAC) will close its merger deal with Canoo, an electric vehicle maker, on Dec. 21. According to the November conference meeting the merger is expected to be completed on time, by the end of December. Exploring Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) stock? In the mean time, get a free stock here! At $20 common - $11.50 strike price, your warrant is intrinsically worth $8.50 each. HCAC (EV producer, Canoo/CNOO will use this SPAC for reverse-merger) is the latest EV play in the market and with how is everything going on, we could see $20 in a week from now. With a vote on the Hennessy-Canoo reverse merger coming up soon, HCAC stock is worth considering today. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis. …and seems like I was right, once again. What is everyone’s opinion on this move? ... which raised $300 million in its IPO in March 2019 and is listed on the Nasdaq Stock Market (NASDAQ: HCACU). Sam is a trader and one of our lead stock analysts at AskTraders. Simple as that. Stick around and find out why! While the company hasn’t issued any major news, there’s good reason for the excitement surrounding HCAC stock. DKNG stock has risen to $35.59 from its pre-merger original $10 SPAC price. View real-time stock prices and stock quotes for a full financial overview. By the time it went public, the SPAC price had risen to between $17 and $19 per share. The slide presentation indicates 244.8 million shares will be outstanding by the close of the merger, on which shareholders will vote on Dec. 21. The higher target for the stock price is $27, from J.P. Morgan analyst Paul Coster. HCAC (EV producer, Canoo/CNOO will use this SPAC for reverse-merger) is the latest EV play in the market and with how is everything going on, we could see $20 in a week from now. View HCAC's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. Simple as that. Apologies if my format is … Canoo’s vehicles will definitely look different, but that’s not necessarily a bad thing. HCAC stock has risen … For financial reporting, their fiscal year ends on December 31st. Today after closing, SBE filed Form S-4: As many people expected, Dec 15, 2020 is the date. After Fisker, more EV-SPAC mergers are pending, although the dates of the shareholder votes haven’t been set. Hennessy Capital, LLC. This article will breakdown what you need to know about the HCAC merger and the outlook on Canoo moving into 2021. Open Demo Account Sam Boughedda traders. wool HCAC/GOEV go down after the merger Advice Request I’ve seen a lot of articles advising to sell before the merger date, but i’ve seen some people on here intending to hold way past the merger. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one and more businesses. The closer the merger date, the higher the price will go. Hennessy Capital Acquisition Corp IV Ltd. (NASDAQ: HCAC), a wholly owned subsidiary of Hennessy Capital LLC, has filed paperwork with the SEC to enter into a merger with the privately owned electronic vehicle maker Canoo. If you're thinking this is just another EV company, you're wrong. ... That gives HCAC stock … Keep a close eye on Canoo here. Therefore, at nearly $20 for HCAC stock, the pro forma market capitalization of the combined company is $4.74 billion. According to reports in August, Canoo were to go public through a SPAC merger with Hennessy Capital Acquisition Corp IV (NASDAQ: HCAC) at a $2.4 billion valuation by the end of 2020. You can sell it at market rate, or you can exercise for shares if you want to hold commons. Canoo Inc is primarely in the business of motor vehicle parts & accessories. The existing stock HCAC has announced a merger with CANOO, and will trade under CNOO. HCAC | Complete Hennessy Capital Acquisition Corp. IV Cl A stock news by MarketWatch. My question is are shares of HCAC converted to shares of CNOO 1:1 when the new stock goes public? The Hennessy Capital merger is expected to be completed in Q4 of 2020, hence driving bullish investor sentiment. The closer the merger date, the higher the price will go. Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) went up by 3.28% from its latest closing price compared to the recent 1-year high of $13.50. Mark on your calendar! The merger will see HCAC and Canoo Holdings Ltd. joined together with Canoo surviving the merger. Hennessy Capital Acquisition (NASDAQ: HCAC) will close its merger deal with Canoo, an electric vehicle maker, on Dec. 21. 102 votes, 80 comments. Keep a close eye on Canoo here. The merger takes off and by redemption date after merger, the common stock has risen to $20. Something is brewing in the Canoo basement. The company’s stock price has collected 4.69% of gains in the last five trading sessions. HCAC stock has risen more than 30% during AH on Friday and pre-market session on Monday. 3415 North Pines Way, Suite 204 Wilson, WY 83014 (307) 201-1903. Lastly, ahead of the Canoo SPAC merger, California-based Roth Capital set a $30 price target on Canoo and HCAC stock. That's 325% return on your initial investment! Recent announcements include electric vehicle company Canoo, which is scheduled to go public later in 2020 in a reverse merger with Hennessy Capital Acquisition Corp IV (NASDAQ: HCAC). DKNG stock has risen to $35.59 from its pre-merger original $10 SPAC price. Email Us Electric-vehicle-recharging network ChargePoint will go public via a $2.4 billion merger with a blank-check company, Switchback Energy. Pro forma equity value of the merger is approximately $2.4 billion . By the time it went public, the SPAC price had risen to between $17 and $19 per share. Canoo Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. 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