Appleby Advises Hennessy Capital Investment Corp. VIII in Its USD241.5M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to special purpose acquisition company Hennessy Capital Investment Corp. VIII (Hennessy Capital) in connection to the closing of its upsized initial public offering (“IPO”) of 24,150,000 units, which included 3,150,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option. The IPO was priced at $10.00 per unit, resulting in gross proceeds of $241,500,000.
The units are listed on The Nasdaq Global Market (Nasdaq) and commenced trading under the ticker symbol “HCICU” on Thursday, February 5, 2026. Each unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation of the Company’s initial business combination (Share Rights). There are no warrants issued publicly or privately in connection with the IPO. Once the securities comprising the units begin separate trading, the Company’s Class A ordinary shares and the Share Rights are expected to be listed on Nasdaq under the symbols “HCIC” and “HCICR,” respectively.
Appleby advised on all Cayman Islands legal aspects of the transaction, further strengthening its proven track record and consistently demonstrating deep expertise in IPOs and capital markets regulation.
The Appleby Capital Markets team was led by Partner Alexandra Low, with Partner Simon Raftopoulos, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
