Pro forma equity value of the merger is approximately $2.4 billion . Frequently the merger process can take 3 months or … According to the November conference meeting the merger is expected to be completed on time, by the end of December. 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. If you're thinking this is just another EV company, you're wrong. Canoo Inc is primarely in the business of motor vehicle parts & accessories. View detailed financial information, real-time news, videos, quotes and analysis on Hennessy Capital Acquisition Corp. IV Class A (NASDAQ:HCAC). Simple as that. Hennessy Capital, LLC. Mark on your calendar! Hennessy Capital Acquisition (NASDAQ: HCAC) will close its merger deal with Canoo, an electric vehicle maker, on Dec. 21. With a vote on the Hennessy-Canoo reverse merger coming up soon, HCAC stock is worth considering today. What is everyone’s opinion on this move? Lastly, ahead of the Canoo SPAC merger, California-based Roth Capital set a $30 price target on Canoo and HCAC stock. The closer the merger date, the higher the price will go. My question is are shares of HCAC converted to shares of CNOO 1:1 when the new stock goes public? In the mean time, get a free stock here! View real-time stock prices and stock quotes for a full financial overview. Home Analysis HCAC Stock Rises After Merger With EV Company Canoo. Something is brewing in the Canoo basement. That's 325% return on your initial investment! 102 votes, 80 comments. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The higher target for the stock price is $27, from J.P. Morgan analyst Paul Coster. Email Us Nothing new happened, no new SEC filing, no announcements, no nothing. For financial reporting, their fiscal year ends on December 31st. You can sell it at market rate, or you can exercise for shares if you want to hold commons. Therefore, at nearly $20 for HCAC stock, the pro forma market capitalization of the combined company is $4.74 billion. DKNG stock has risen to $35.59 from its pre-merger original $10 SPAC price. Keep a close eye on Canoo here. The company’s stock price has collected 4.69% of gains in the last five trading sessions. Simple as that. The merger will see HCAC and Canoo Holdings Ltd. joined together with Canoo surviving the merger. After Fisker, more EV-SPAC mergers are pending, although the dates of the shareholder votes haven’t been set. DKNG stock has risen to $35.59 from its pre-merger original $10 SPAC price. While the company hasn’t issued any major news, there’s good reason for the excitement surrounding HCAC stock. View HCAC's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. 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. This article will breakdown what you need to know about the HCAC merger and the outlook on Canoo moving into 2021. By the time it went public, the SPAC price had risen to between $17 and $19 per share. Today after closing, SBE filed Form S-4: As many people expected, Dec 15, 2020 is the date. 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. ... That gives HCAC stock … The merger takes off and by redemption date after merger, the common stock has risen to $20. 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. Stick around and find out why! Electric-vehicle-recharging network ChargePoint will go public via a $2.4 billion merger with a blank-check company, Switchback Energy. 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). 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. HCAC | Complete Hennessy Capital Acquisition Corp. IV Cl A stock news by MarketWatch. HCAC shares being the best opportunity at this point. Sam is a trader and one of our lead stock analysts at AskTraders. 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. HCAC stock has risen … The closer the merger date, the higher the price will go. Keep a close eye on Canoo here. ... which raised $300 million in its IPO in March 2019 and is listed on the Nasdaq Stock Market (NASDAQ: HCACU). Apologies if my format is … Canoo’s vehicles will definitely look different, but that’s not necessarily a bad thing. 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. Canoo Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. 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. The Hennessy Capital merger is expected to be completed in Q4 of 2020, hence driving bullish investor sentiment. …and seems like I was right, once again. The existing stock HCAC has announced a merger with CANOO, and will trade under CNOO. What HCAC Stock and CNOO Stock Is Worth. 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. At $20 common - $11.50 strike price, your warrant is intrinsically worth $8.50 each. Exploring Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) stock? 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. By the time it went public, the SPAC price had risen to between $17 and $19 per share. 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