Hennessy Capital Investment Corp. VI Granted Extension by Nasdaq Panel

Hennessy Capital Investment Corp. VI (NASDAQ: HCVIU) recently faced a critical juncture as it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC on October 1, 2024. The notice highlighted the company’s non-compliance with Nasdaq Listing Rule IM-5101-2, which mandates special purpose acquisition companies to finalize one or more business combinations within 36 months of the effectiveness of their initial public offering registration statement.

To contest this determination, Hennessy Capital Investment Corp. VI requested a hearing before the Nasdaq Hearings Panel, which took place on November 19, 2024. Following the hearing, on December 19, 2024, the company received a notification from Nasdaq regarding the Panel’s decision. The Panel granted the company’s appeal, enabling Hennessy Capital Investment Corp. VI to sustain its listing on The Nasdaq Stock Market until March 31, 2025. This extension is contingent on the company abiding by the terms delineated in the notification.

Hennessy Capital Investment Corp. VI is an emerging growth company, denoting its status per Rule 405 of the Securities Act of 1933. The company’s compliance with the extended listing period requirements will be vital to maintaining its position and operations moving forward.

The report was signed on December 20, 2024, by Nicholas Geeza, the Executive Vice President, Chief Financial Officer, and Secretary at Hennessy Capital Investment Corp. VI. The company will aim to meet the conditions outlined by Nasdaq as it moves into the extended listing period.

This announcement marks a significant development for Hennessy Capital Investment Corp. VI, providing a pathway for continued operations and compliance within the Nasdaq guidelines.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hennessy Capital Investment Corp. VI’s 8K filing here.

Hennessy Capital Investment Corp. VI Company Profile

Hennessy Capital Investment Corp. VI does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses its search for a target business in the industrial technology sector.