hennessy capital Investment V announced today that it has canceled a stockholders meeting that was previously scheduled for Dec. 21 and will instead dissolve, being unable to deal a deal by deadline.

The per-share redemption price is expected to be approximately $10.06.

The SPAC raised $300 million in a January 2021 ipo, with plans at the time to target a US company involved in sustainable industrial technology and or infrastructure, with an aggregate enterprise value of $1 billion or greater.

Hennessy V in November 2021 terminated a merger agreement with plus, a global provider of self-driving truck technology. Read more.

Source: Hennessy Capital Investment V Cancels Shareholder Meeting, Will Liquidate Wednesday