Tag Archives: HCAC

Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …

Acquisition of special purpose, as company “blank check”, Hennessy Capital Acquisition Corp. HCAC, -80% has jumped on the bandwagon of electric cars as it announced a reverse merger with EV maker Canoo Holdings Ltd. The deal will provide $ 600 million in gross revenue to Canoo, which will be used …