Investment Thesis
Hennessy Capital Acquisition Corp. IV (HCACU) is the fourth SPAC sponsored and managed by Hennessy Capital LLC following the success of the previous three acquisition vehicles, i.e. Hennessy Capital Acquisition Corp. I, II, and III.
Besides the obvious advantages of having an experienced management team and a solid track record, HCACU is also well structured with several unique terms such as an equity forward purchase agreement and a warrant crescent term, which will provide an additional margin of safety and increased odds of a successful merger.
HCACU's business combination deadline is September 5,