October 26, 2016 12:42 AM ET


Company Overview of Hennessy Capital Acquisition Corp.

Company Overview

As of February 24, 2015, Hennessy Capital Acquisition Corp. was acquired by School Bus Holdings Inc., in a reverse merger transaction. Hennessy Capital Acquisition Corp. is a blank check company. The company was incorporated in 2013 and is based in Chicago, Illinois.

700 Louisiana Street

Suite 900

Houston, TX 77002

United States

Founded in 2013





Key Executives for Hennessy Capital Acquisition Corp.

Hennessy Capital Acquisition Corp. does not have any Key Executives recorded.

Hennessy Capital Acquisition Corp. Key Developments

Hennessy Capital Acquisition Corp.(NasdaqCM:HCAC) dropped from NASDAQ Composite Index

Hennessy Capital Acquisition Corp. will be removed from NASDAQ Composite Index.

Kevin Charlton Agrees to Resign from the Hennessy Capital Acquisition Corp.'s Board

Hennessy Capital Acquisition Corp. announced that it has reached an agreement in principle with Coliseum Capital Management, LLC, pursuant to which Coliseum would purchase $25 million in shares of common stock and $10 million in shares of preferred stock at or prior to the closing of the company's previously announced acquisition of School Bus Holdings Inc. Kevin Charlton, President and Chief Operating Officer of HCAC and a current HCAC director, has agreed to resign from the HCAC board effective as of the closing of the Business Combination in order to make a position available for Adam Gray.

Hennessy Capital Acquisition Receives Delisting Notice From NASDAQ

As previously reported on August 13, 2014, Hennessy Capital Acquisition Corp. (Company) received a written notice on August 7, 2014, from the staff of the Listing Qualifications Department of the NASDAQ Stock Market indicating that the Company was not in compliance with Listing Rule 5550(a)(3), which requires the Company to maintain a minimum of 300 public holders for continued listing on the NASDAQ Capital Market (Nasdaq). On September 22, 2014, the Company submitted a plan to Nasdaq to regain compliance with the Minimum Holders Rule and ensure compliance with Nasdaq’s initial listing requirements at closing. On September 30, 2014, the Staff granted the Company an extension until February 3, 2015 to obtain stockholder approval of its initial business combination with School Bus Holdings Inc. (“SBH”) which, through its subsidiaries, conducts its business under the “Blue Bird” name (the “Business Combination”), consummate the Business Combination and demonstrate compliance with Nasdaq’s initial listing requirements. On February 4, 2015, the Company received a letter from the Staff stating that the Company had failed to consummate the Business Combination by February 3, 2015, and that, accordingly, the Staff has determined to initiate procedures to delist the Company’s securities from Nasdaq, unless the Company appeals such determination on or before February 11, 2015. The Company intends to appeal the Staff’s delisting determination in front of a hearings panel and the Company’s securities will continue to trade on Nasdaq while such appeal is pending. There is no assurance that the Company will be successful in its appeal of the delisting determination.

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