Search for ticker symbols for Stocks, Mutual Funds, ETFs, Indices and Futures on Yahoo! Yet, there’s more to Canoo’s electric vehicle lineup than just looks. 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. The Nasdaq Proposal: To approve the issuance of 175 million Class A common shares, including a provision of an additional 15 million shares, to Canoo equity holders; to approve the issuance of 32.325 million Class A common shares to PIPE investors. 2021 InvestorPlace Media, LLC. 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. Of course, today’s development follows another milestone last week, when Canoo unveiled a new multipurpose electric vehicle aimed at last-mile deliveries and other small businesses. There’s nothing dull about Hennessy Capital (NASDAQ:HCAC), though it takes a little bit of digging to see HCAC stock’s value since Hennessy is just a shell company. Moreover, in a departure from the industry norms, Canoo’s Lifestyle and Sport models will be available to the consumers via an innovative subscription business model. 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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As far as financial projections are concerned, the company expects to earn a revenue of $120 million in 2021. Hennessy Capital Acquisition Corp. IV stock is now 16.34% up from its year-to-date (YTD) trading value. There were quick price pops along the way, but those didn’t last too long. Crucially, the company’s 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. Hennessy Capital shareholders have now approved all tabled proposals, paving the way for the closure of the merger agreement with Canoo. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Other Events. 333-248923) (as amended, the “Registration Statement”), which includes a definitive proxy … Aug. 18, 2020, … Electric-vehicle-recharging network ChargePoint said on Thursday that it will go public via a $2.4 billion merger with … 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. The automaker plans to … Then came the explosion in November and December. They’re also powerful and practical. The merger takes off and by redemption date after merger, the common stock has risen to $20. Investors interested in owning QuantumScape can start buying KCAC stock before the merger closes. 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. 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. But Pounce on the Lucid Motors Merger, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next, Lifestyle Vehicle: 250+ mile range, charge time of 20% to up to 80% in 28 minutes, top speed of 125 mph, Sport Vehicle: 300+ mile range, 4 or 5 passenger seat capacity, comparatively small footprint, Delivery Vehicle: 200+ mile range, total cargo volume ranging from 6.2 to 11 cubic meters, approximate vehicle weight of 2,600 kilograms. Clearly, the bulls are firmly in control of HCAC stock. Importantly, investors should prepare for Canoo to trade under a new ticker symbol, GOEV, on the Nasdaq Exchange. The Adjournment Proposal: To adjourn the special meeting to a later date. Interestingly, HCAC stock taxied down the runway for many months before the big takeoff occurred. With a vote on the Hennessy-Canoo reverse merger coming up soon, HCAC stock is worth considering today. Hennessy Capital Acquisition Corp. (NASDAQ: HCAC) has announced a reverse merger with electric vehicle maker Canoo Holdings. How different will Canoo’s debut lifestyle, sport and delivery vehicles be? If … 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. The Charter Proposals: To increase the number of authorized common shares to 500 million and the number of authorized preferred shares to 10 million; to establish the 2/3rd majority as the threshold for altering, amending, or repealing the bylaws of Hennessy Capital as well as the articles V, VI, VII, and VIII of the charter; to approve and adopt the proposed charter. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Canoo, the Los Angeles-based electric vehicle startup, has struck a deal to merge with special purpose acquisition company Hennessy Capital Acquisition Corp., with a … All rights reserved. Now that you know what’s coming, you can position yourself accordingly and celebrate the completion of a potentially game-changing merger. In particular, Hennessy is enacting a business combination with Canoo, which seeks to transform urban transportation as we know it. Item 8.01. Copyright © HCAC stock closed lower today despite a new vehicle unveiling from EV startup Canoo. © 2021 NewAge ADS, LLC. The Employee Stock Purchase Plan Proposal: To approve and adopt the employee stock purchase plan. On track to close the previously announced merger with Hennessy Capital Acquisition Corp. IV ("HCAC") (Nasdaq: HCAC) in the fourth quarter of 2020 News provided by Canoo Yet, that shell company is bringing a very exciting and unique electric vehicle company to the markets. That’s the day when Hennessy Capital has planned a special shareholder meeting. As of Dec. 11, HCAC shares were still trading in the $20 area. 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 In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. The merger will see HCAC and Canoo Holdings Ltd. joined together with Canoo surviving the merger. quotes delayed at least 15 minutes, all others at least 20 minutes. It’s fine if you didn’t understand every word of that description. 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