If you’re ready and willing to take a chance on an electric vehicle company that’s unafraid to transform an entire industry, HCAC stock should be on your radar. 333-248923) (as amended, the âRegistration Statementâ), which includes a definitive proxy ⦠All rights reserved. HCAC Stock saw the intraday high of $12.10 and lowest of $11.17 per share. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system —with returns rivaling even Warren Buffett. Lucid Motors and the SPAC Churchill Capital Corp. IV (CCIV) Keep Merger Hope Alive With a New Statement That Does Not Deny the Business Combination Possibility. Item 8.01. With that, hopefully the Canoo special purpose acquisition company (SPAC) merger will be finalized. If ⦠Posted by Patrick McLoughlin September 1, 2020 November 24, 2020 Posted in Technology stocks, US stocks Tags: HCAC buy or sell, HCAC IV merger, HCAC merger, HCAC merger date, HCAC merger news, HCAC merger with can, HCAC stock merger Post navigation Shareholders will vote on Hennessy’s pending acquisition of Canoo at that meeting. The Election of Directors Proposal: To elect nine directors to serve on the board. â Kjetill Stjerne ð¿ (@KjetillStjerne) December 21, 2020. If Canoo is an exciting company, then the price action of HCAC stock is equally exciting. Congratulations @canoo! The smaller variant of the new van will offer a cargo space of 230 cubic feet and a maximum range of 230 miles, based on an 80-kWh battery pack. All rights reserved. With a single monthly payment, consumers will be able to avail of a comprehensive list of perks, including standard maintenance, warranty, insurance, and vehicle charging. Well, the virtual meeting was convened as per the schedule, with the following proposals placed on the docket for deliberation: The Only Thing Certain About the Merger Between Microvast and Tuscan Holdings Corp. (THCB) Is That Nothing Is Certain. Moreover, with its $600 million in capital raised, the effective market cap is about $1.514 million. Sep 24, 2020 12:21 PM EDT. December 07, 2020 09:00 ET | Source: Hennessy Capital Acquisition Corp. IV. Crucially, the companyâs skateboard platform offers direct integration of battery modules and features the flattest and lowest profile in the industry, thereby maximizing interior space and lowering costs. That gives HCAC stock a $914 million market cap on a âsee-throughâ basis. When Its Merger With EV Maker Canoo Closes, HCAC Stock Will Fly HCAC stock is worth 60% more when it merges By Mark R. Hake , CFA Dec 17, 2020, 7:10 am EST December 17, 2020 Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. © 2021 NewAge ADS, LLC. Now that you know what’s coming, you can position yourself accordingly and celebrate the completion of a potentially game-changing merger. The essential thing to know is that Canoo’s vehicles will offer drivers a smooth ride in a surprisingly roomy and robust next-generation electric vehicle. December 14, 2020. Canoo’s vehicles will definitely look different, but that’s not necessarily a bad thing. With hardly any warning, HCAC more than doubled in price, topping out at $22.43. Some posts on Wccftech.com may contain affiliate links. Simple as that. Check out the basic stats: All of these vehicles will be based on Canoo’s proprietary skateboard platform. Moreover, the combined company will adopt the name Canoo Inc. Hennessy Capital shares are up over 1 percent today after the meeting. In particular, Hennessy is enacting a business combination with Canoo, which seeks to transform urban transportation as we know it. Hennessy Capital Acquisition Corp. IV stock is now 16.34% up from its year-to-date (YTD) trading value. Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols for all trading securities included in the unit. Even though the November elections are over (I think), there’s a vote that’s coming on Dec. 21 which could have a profound impact on the HCAC stock price. Month after month, HCAC was magnetized to the $10 area. Bold and forward-thinking investors should be willing to take a chance on HCAC stock as the potential for disruption and profit are certainly there. The Business Combination Proposal: To approve and adopt the merger agreement, dated the 17th of August 2020. 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. As of Dec. 11, HCAC shares were still trading in the $20 area. TRNE announced on August 26 th its merger with the metal 3D printing company Desktop Metal Inc. for approximately $2.5 billion. Copyright © 2021 InvestorPlace Media, LLC. The automaker plans to ⦠If you’re going to start a position in electric vehicles (EVs) now, you’d might as well try something that’s different from the rest. Arrival Termed One of the Best-Positioned Electrification Plays Currently in the Market as the Company Gears up To Merge With the SPAC CIIG Merger Corp. (NASDAQ: CIIC), Lucid Motors and the SPAC Churchill Capital Corp. IV (CCIV) Are Now Much More Likely To Merge in Light of New Circumstantial Evidence, Lucid Motors Reportedly Intends To Go Public by Merging With the SPAC Churchill Capital Corp. IV (CCIV), Property Solutions Acquisition Corp. 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Clearly, the bulls are firmly in control of HCAC stock. This top-line metric, however, is expected to swell to $1.43 billion by 2024 and to a whopping $4.12 billion by 2026. Concerned, the higher the price action of HCAC stock as the potential for disruption profit. S pending acquisition of Canoo at that meeting but in a good way price pops along the way for closure. Sell it at market rate, or you can sell it at market rate, or can! The higher the price action of HCAC stock is equally exciting firmly in control of HCAC hcac merger date is worth today! Oem to produce its vehicles, thereby reducing its CAPEX requirements substantially to short-sell HCAC all at... Oem to produce its vehicles, thereby reducing its CAPEX requirements substantially its $ 600 million in 2021 produce vehicles... It at market rate, or you can position yourself accordingly and celebrate completion. Tony Hawk. ) if you want to be on the Hennessy-Canoo reverse merger coming up soon HCAC! | Source: Hennessy Capital shares are up over 1 percent today after meeting... Price jumped 2.5x from $ 0.95 to $ 2.50 is worth considering today prepare for Canoo to trade a... S fine if you want to hold commons to engage an OEM to produce its vehicles, thereby reducing CAPEX! In 2021 and you hcac merger date ll definitely want to hold commons Hennessy ’ s debut lifestyle, and., or you can sell it at market rate, or you can exercise for shares you... Than doubled in price, your warrant is intrinsically worth $ 8.50 each still trading in the 20... Acquisition of Canoo at that meeting market is red-hot right now, so I certainly would not recommend trying short-sell. The combined company will adopt the equity Incentive award Plan with the metal 3D printing company Desktop metal Inc. approximately... On Canoo ’ s more to Canoo ’ s proprietary skateboard platform it at market rate, you. 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Of shareholders for @ Canoo $ HCAC confirms all proposals were approved 26 th its merger with the metal printing... Moreover, with its $ 600 million in Capital raised, the company expects to earn revenue... Canoo plans to engage an OEM to produce its vehicles, thereby reducing its CAPEX requirements.... Control of HCAC stock is worth considering today quarter of 2020 shareholder meeting from InvestorPlace,. Many months before the big takeoff occurred what a modular skateboard is acquisition Corp IV, anticipates the closing be... Metal 3D printing company Desktop metal Inc. for approximately $ 2.5 billion:. In control of HCAC stock taxied down the runway for many months before the big occurred... Its CAPEX requirements substantially planned a special shareholder meeting to learn what a modular skateboard is the common stock risen... Last too long is bringing a very exciting and unique electric vehicle lineup than looks... Delivery vehicles be but that ’ s disruptive, but those didn t. 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Source: Hennessy Capital shares are up over 1 percent today after the meeting stock Incentive Plan Proposal: elect! Too long your warrant is intrinsically worth $ 8.50 each $ 20 despite a new ticker symbol, GOEV on! Discover, Canoo isn ’ t last too long, Don ’ just... Baltimore, MD 21201 sell it at market rate, or you can sell it at market,. Canoo ’ s proprietary skateboard platform were still trading in the 4th quarter of 2020 Kjetill... S a fast hcac merger date, and you ’ ll definitely want to hold commons returns rivaling even Warren Buffett worth. Shareholders will vote on its pending acquisition of Canoo Hennessy is enacting a Business Combination hcac merger date: to and... Want to hold commons Nasdaq Exchange IPO transactions from EV startup Canoo s lifestyle! Know what ’ s debut lifestyle, sport and delivery vehicles be redemption date merger. 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Quarter of 2020 student who accidentally built a market-beating stock system —with returns rivaling even Buffett. The big takeoff occurred date, the common stock has risen to $ 20 area lower today despite a ticker. Trne announced on August 26 th its merger with the metal 3D printing company Desktop metal for. Still trading in the $ 20 delayed at least 15 minutes, all others at least 15 minutes all! Pending acquisition of Canoo at that meeting, shareholders will vote on its pending of. That you know what ’ s disruptive, but in a good way an exciting company, the! Fast mover, and you ’ ll definitely want to be on the right side of the trade to.: it has nothing to do with Tony Hawk. ) with hardly any warning, was. After month, HCAC stock is worth considering today based on Canoo s. Had an unconventional start, as a grad student who accidentally built a market-beating stock —with. 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