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|8-KFeb 12, 4:05 PM ET

Hennessy Capital Investment Corp. VIII 8-K

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Hennessy Capital Investment Corp. VIII Completes IPO; $241.5M Placed in Trust

What Happened

  • Hennessy Capital Investment Corp. VIII (HCIC) filed an 8-K reporting that it closed its initial public offering (IPO) on February 6, 2026. The IPO sold 24.15 million units (including a 3.15 million-unit exercise of the underwriters’ over-allotment) at $10.00 per unit, raising gross proceeds of $241.5 million.
  • At the same time the company completed a private placement of 671,000 units to its sponsor, HC VIII Sponsor LLC, at $10.00 per unit, raising $6.71 million. A total of $241.5 million of the net proceeds (which includes up to $4.83 million of deferred underwriting discounts/commissions) was deposited into a U.S.-based segregated Trust Account held by Odyssey Transfer and Trust Company.

Key Details

  • IPO units: 24.15 million units sold at $10.00 each (3.15 million from over-allotment).
  • Private placement: 671,000 units to sponsor for $6.71 million.
  • Trust funding: $241.5 million deposited into a segregated trust; funds generally cannot be released except for limited interest use (taxes, working capital up to 5% of interest, and up to $100,000 for dissolution expenses).
  • Completion Window: The company has 24 months from the IPO closing (until Feb 6, 2028) to complete an initial business combination, otherwise public shares may be redeemed per the charter.

Why It Matters

  • For investors, the filing confirms the SPAC has raised and secured capital needed to pursue a merger or acquisition. The $241.5M in the Trust Account is the primary pool of capital that would be used to fund a future business combination and is protected by trust restrictions.
  • The 24-month completion window and redemption mechanics are important: if HCIC does not complete a qualifying business combination within that period, public shareholders will be entitled to redemption, which affects the SPAC’s ability to consummate deals and the timing of any transaction.
  • The audited balance sheet as of Feb 6, 2026 is included in the filing, providing verified financial detail on the IPO close.