Hennessy Capital Investment Corp. V’s (OTCMKTS:HCICU) Quiet Period Will End on March 17th

Hennessy Capital Investment Corp. V’s (OTCMKTS:HCICU) quiet period will expire on Tuesday, March 17th. Hennessy Capital Investment Corp. V had issued 21,000,000 shares in its initial public offering on February 5th. The total size of the offering was $210,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Hennessy Capital Investment Corp. V Stock Down 0.2%

OTCMKTS:HCICU opened at $10.00 on Friday. Hennessy Capital Investment Corp. V has a 12 month low of $9.98 and a 12 month high of $10.05. The firm’s 50 day moving average is $10.03 and its 200 day moving average is $10.04.

Insider Buying and Selling at Hennessy Capital Investment Corp. V

In other news, President Thomas D. Hennessy bought 671,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average price of $10.00 per share, with a total value of $6,710,000.00. Following the acquisition, the president owned 671,000 shares of the company’s stock, valued at approximately $6,710,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Hc Viii Sponsor Llc purchased 671,000 shares of Hennessy Capital Investment Corp. V stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $10.00 per share, with a total value of $6,710,000.00. Following the completion of the transaction, the insider directly owned 671,000 shares in the company, valued at approximately $6,710,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

About Hennessy Capital Investment Corp. V

Hennessy Capital Investment Corp. V is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the OTC Markets under the ticker HCICU. As a blank-check vehicle, the company’s primary purpose is to raise capital through a public offering and then identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The firm was sponsored by Hennessy Capital LLC, a firm with experience in sponsoring multiple SPACs and advising on alternative asset strategies.

Since its formation, Hennessy Capital Investment Corp.