EV Startup Canoo Is Said to Be In Talks for Hennessy SPAC Deal
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Hennessy Capital Acquisition Corp. IV is in advanced talks to merge with Canoo, a company that intends to offer electric vehicles on a subscription basis, according to people with knowledge of the matter.
The special purpose acquisition company, or SPAC, is in talks with investors to raise about $300 million in new equity for the deal, which would take Canoo public and value the combined entity at more than $2 billion, said the people, who asked not to be identified because the talks are private.