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SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Hennessy Capital Acquisition Corp. IV (HCAC)

·3 mins read

NEW YORK, Sept. 25, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Hennessy Capital Acquisition Corp. IV ("Hennessy" or the "Company") (HCAC) and its Board of Directors for potential securities laws violations and/or breaches of fiduciary duties in connection with the Business Combination Agreement with Canoo Holdings, Ltd. for its electric vehicle business (the "Business Combination Agreement"). Under the proposed terms, through a reverse merger HCAC will acquire Canoo with Canoo surviving as a publicly listed company (CNOO). The pro forma equity value of the deal is approximately $2.4 billion.

Monteverde & Associates PC Logo
Monteverde & Associates PC Logo

Click here for more information: https://www.monteverdelaw.com/case/hennessy-capital-acquisition-corp-iv. It is free and there is no cost or obligation to you.

The investigation focuses on whether Hennessy and/or its Board of Directors violated federal securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to properly value the Business Combination Agreement and 2) failing to disclose all material information in connection with the Business Combination Agreement.

About Monteverde & Associates PC

We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

If you own common stock in Hennessy Capital Acquisition Corp. IV and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2020 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

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SOURCE Monteverde & Associates PC