Hennessy Capital Investment Corp. VII Rings the Nasdaq Stock Market Closing Bell
Hennessy Capital Investment Corp. (Nasdaq: HVIIU), a newly incorporated blank check company founded by Daniel J. Hennessy, visits the Nasdaq MarketSite in Times Square. In honor of the occasion, Daniel Hennessy, Chairman & CEO, rings the Closing Bell.
08:21Well. Good afternoon.
08:23Is everybody excited to be here?
08:25Yeah. Let's go.
08:29So I'm David Wicks,
08:31vice president of listings here at Nasdaq.
08:33And it's truly my great pleasure to officially welcome back
08:37Hennessy Capital Group and Dan Hennessy chairman and CEO.
08:41I'd also like to extend a very warm welcome to the employees,
08:44advisors and all our distinguished guests to Nasdaq.
08:48We're excited that you could all join us right here from
08:51the crossroads of the world in Times Square, New York.
08:53As we get set to ring today's closing bell.
08:56Now, there's a lot to celebrate.
08:59And let me start with Hennessy Capital Investment Corp
09:02seven listing on Nasdaq under the symbol Hvy.
09:05I, you and Dan.
09:08Nasdaq is honored to have partnered with you over the last ten years,
09:12and I'm not really sure where that time has gone,
09:15but we couldn't be more proud to welcome you again to
09:19our family of the world's most innovative and growth oriented companies.
09:23And I think that deserves another big round of applause.
09:25Congratulations.
09:33Founded in 2013,
09:36Hennessy Capital Group is an alternative investment manager serving as
09:41a strategic capital and growth partner for
09:44innovative technology companies within the industrial,
09:47climate, infrastructure and real estate sectors.
09:51Hennessy capital is also leading independent Spac sponsor,
09:55having raised or acquired 17 SPACs since inception,
09:59totaling approximately $4 billion of Spac equity.
10:03It also has successfully closed or announced 13 Spac business combinations,
10:08with an aggregate total enterprise value of around $7.6 billion.
10:13In connection with the successful Spac business combinations,
10:17Hennessy Capital has raised almost 1 billion in total pipe Capital,
10:22so congratulations on all of that.
10:24Dan, today is truly a testament to the hard work of everyone at
10:28Hennessy Capital Group and for your passion to lead and innovate.
10:32We truly value our partnership and are excited about the promising opportunities ahead.
10:38And without further ado,
10:39please join me in welcoming Dan for his remarks. Welcome.
10:47Thank you.
10:49Good afternoon, and thank you, David,
10:52for your kind words and for hosting us here at Nasdaq for the closing bell ceremony.
10:58We are most are most appreciative of our decade long relationship with
11:01Nasdaq and your enthusiasm for us and the Spac asset class.
11:06In fact, it was 11 years ago,
11:08in January of 2014,
11:10when I first came to Nasdaq for the IPO of Hennessy Capital Acquisition Corp.,
11:15our first Spac, which subsequently merged with Bluebird Corporation,
11:20the school bus company now recognized as one of
11:23the most successful Spac mergers of the last decade.
11:27We're very proud of our Spac franchise and excited to pursue
11:31our mission to seek out category winners to bring to the public markets,
11:36just as we did with Logistic Properties of the Americas and in venture,
11:40two of the top performing Spac mergers of 2024,
11:44which were overseen and orchestrated by our team.
11:48Turning now to Hennessy Capital seven,
11:50we are pleased to report that with your unwavering support and dedication,
11:55we have created a best in class,
11:57next generation Spac vehicle.
11:59First, I'd like to thank our underwriters at
12:02Cohen Loop and Clear Street for your confidence,
12:05placing us in front of the right investors at
12:09exactly the right time to achieve an upsized and oversubscribed offering on our terms.
12:15I'd like to recognize our long time advisors at Sidley and Witham,
12:19who have helped us successfully navigate
12:21a shifting regulatory and compliance landscape
12:25to consistently achieve successful outcomes.
12:28We want to acknowledge our new Spac advisory cohort,
12:32including Calabrese Consulting, Lockton,
12:34Odyssey, Appleby, Wintrust and Jet Capital.
12:39We're most grateful for all your efforts to enable us,
12:42as I like to say,
12:43to build a better Spac.
12:46Finally, I am grateful to have the opportunity to work alongside my son Tom,
12:51Nick Giza, Megan Kai,
12:53Andy Hong and Josh Richardson.
12:56I am proud to call you all my partners.
12:58One final point.
13:00I know you are all wondering why are we here?
13:03To ring the closing bell in a couple of minutes.
13:06Yes, but what is our purpose?
13:08Do we have a higher calling?
13:10You'll be glad to know. The answer is yes.
13:13Undeniably. Without hesitation or doubt.
13:17Yes. We all of us are here to make SPACs great again.
13:27Thank you. That's awesome.
13:31Dan, it is so great to see you.
13:33And I know when I say this,
13:35we are going to celebrate again in the future.
13:38But this afternoon very proud to present you and
13:40your team with our Nasdaq closing bell crystal.
13:42Great. Thank you so much.
13:44Thank you David. You're welcome.
13:51Thank you.
15:25Clapping and cheering.
15:27Oh.
15:37000.
15:47Oh.
16:00Oh.
16:03Oh. 000.
16:24Oh! Congratulations, everyone. We are all.
