DKNG stock has risen to $35.59 from its pre-merger original $10 SPAC price. The existing stock HCAC has announced a merger with CANOO, and will trade under CNOO. Email Us For financial reporting, their fiscal year ends on December 31st. View HCAC's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. The Hennessy Capital merger is expected to be completed in Q4 of 2020, hence driving bullish investor sentiment. My question is are shares of HCAC converted to shares of CNOO 1:1 when the new stock goes public? The closer the merger date, the higher the price will go. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. Recent announcements include electric vehicle company Canoo, which is scheduled to go public later in 2020 in a reverse merger with Hennessy Capital Acquisition Corp IV (NASDAQ: HCAC). By the time it went public, the SPAC price had risen to between $17 and $19 per share. That's 325% return on your initial investment! The slide presentation indicates 244.8 million shares will be outstanding by the close of the merger, on which shareholders will vote on Dec. 21. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis. According to the November conference meeting the merger is expected to be completed on time, by the end of December. Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) went up by 3.28% from its latest closing price compared to the recent 1-year high of $13.50. In the mean time, get a free stock here! 3415 North Pines Way, Suite 204 Wilson, WY 83014 (307) 201-1903. Today after closing, SBE filed Form S-4: As many people expected, Dec 15, 2020 is the date. After Fisker, more EV-SPAC mergers are pending, although the dates of the shareholder votes haven’t been set. You can sell it at market rate, or you can exercise for shares if you want to hold commons. Stick around and find out why! What HCAC Stock and CNOO Stock Is Worth. Lastly, ahead of the Canoo SPAC merger, California-based Roth Capital set a $30 price target on Canoo and HCAC stock. Mark on your calendar! 102 votes, 80 comments. 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. Nothing new happened, no new SEC filing, no announcements, no nothing. Apologies if my format is … The merger takes off and by redemption date after merger, the common stock has risen to $20. Canoo Inc. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. SMMC shareholders approve Billtrust merger, stock ticker changes to BTRS Hennessy Capital Acquisition (NASDAQ: HCAC) will close its merger deal with Canoo, an electric vehicle maker, on Dec. 21. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one and more businesses. The higher target for the stock price is $27, from J.P. Morgan analyst Paul Coster. What is everyone’s opinion on this move? What HCAC Stock and CNOO Stock Is Worth The slide presentation indicates 244.8 million shares will be outstanding by the close of the merger, on which shareholders will vote on Dec. 21. Hennessy Capital, LLC. This article will breakdown what you need to know about the HCAC merger and the outlook on Canoo moving into 2021. Simple as that. Exploring Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) stock? …and seems like I was right, once again. DKNG stock has risen to $35.59 from its pre-merger original $10 SPAC price. HCAC shares being the best opportunity at this point. Open Demo Account Sam Boughedda traders. If you're thinking this is just another EV company, you're wrong. At $20 common - $11.50 strike price, your warrant is intrinsically worth $8.50 each. ... which raised $300 million in its IPO in March 2019 and is listed on the Nasdaq Stock Market (NASDAQ: HCACU). Therefore, at nearly $20 for HCAC stock, the pro forma market capitalization of the combined company is $4.74 billion. Hennessy Capital Acquisition Corp IV Ltd. (NASDAQ: HCAC), a wholly owned subsidiary of Hennessy Capital LLC, has filed paperwork with the SEC to enter into a merger with the privately owned electronic vehicle maker Canoo. Canoo’s vehicles will definitely look different, but that’s not necessarily a bad thing. The merger will see HCAC and Canoo Holdings Ltd. joined together with Canoo surviving the merger. While the company hasn’t issued any major news, there’s good reason for the excitement surrounding HCAC stock. Frequently the merger process can take 3 months or … HCAC | Complete Hennessy Capital Acquisition Corp. IV Cl A stock news by MarketWatch. According to reports in August, Canoo were to go public through a SPAC merger with Hennessy Capital Acquisition Corp IV (NASDAQ: HCAC) at a $2.4 billion valuation by the end of 2020. Keep a close eye on Canoo here. By the time it went public, the SPAC price had risen to between $17 and $19 per share. Home Analysis HCAC Stock Rises After Merger With EV Company Canoo. Simple as that. Keep a close eye on Canoo here. wool HCAC/GOEV go down after the merger Advice Request I’ve seen a lot of articles advising to sell before the merger date, but i’ve seen some people on here intending to hold way past the merger. View real-time stock prices and stock quotes for a full financial overview. Sam is a trader and one of our lead stock analysts at AskTraders. Electric-vehicle-recharging network ChargePoint will go public via a $2.4 billion merger with a blank-check company, Switchback Energy. The closer the merger date, the higher the price will go. Canoo Inc is primarely in the business of motor vehicle parts & accessories. Something is brewing in the Canoo basement. With a vote on the Hennessy-Canoo reverse merger coming up soon, HCAC stock is worth considering today. View detailed financial information, real-time news, videos, quotes and analysis on Hennessy Capital Acquisition Corp. IV Class A (NASDAQ:HCAC). 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. HCAC stock has risen … The company’s stock price has collected 4.69% of gains in the last five trading sessions. ... 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