Thu, May 15, 11:05 AM (60 days ago)
**Hennessy Capital Investment Corp. VI (HCVI) Q1 2025 Financial Summary** **Company Overview:** - **Ticker:** HCVI - **Sector:** Financial Services - **Business Model:** Special Purpose Acquisition Company (SPAC) seeking a business combination. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** No revenue generated as the company has not yet completed a business combination. - **Net Loss:** $3,532,000 (Q1 2025) vs. $4,268,000 (Q1 2024) - **Loss from Operations:** $1,369,000 (Q1 2025) vs. $2,322,000 (Q1 2024) - **Other Income (Expense):** -$2,163,000 (Q1 2025) vs. -$1,946,000 (Q1 2024) - **Profit Margins:** Not applicable due to lack of revenue. - **Cash Flow:** - **Operating Cash Flow:** -$172,000 (Q1 2025) vs. -$1,036,000 (Q1 2024) - **Investing Cash Flow:** $40,000 (Q1 2025) vs. $215,920,000 (Q1 2024) - **Financing Cash Flow:** $134,000 (Q1 2025) vs. -$215,340,000 (Q1 2024) - **Earnings Changes:** Net loss decreased by $736,000 compared to Q1 2024. **Key Financial Metrics:** - **Cash and Cash Equivalents:** $891,000 (Q1 2025) vs. $889,000 (Q1 2024) - **Working Capital:** -$23,982,000 (Q1 2025) vs. -$21,640,000 (Q1 2024) - **Trust Account:** $35,747,000 (Q1 2025) vs. $35,476,000 (Q1 2024) **Quarterly Performance Discussion:** - **Operational Highlights:** Continued efforts to identify and complete a suitable business combination. - **Trends:** Decrease in net loss and improvement in operating cash flow. - **Uncertainties:** Delisting from Nasdaq, potential liquidation if a business combination is not completed by May 31, 2025. **Future Operations Impact:** - **Business Combination:** Pending with Greenstone Corporation, expected to close soon. - **Financial Health:** Requires additional working capital; seeking extensions and external financing. - **Market Conditions:** Adverse economic conditions and regulatory changes pose risks. **Conclusion:** HCVI continues to operate with significant losses and negative working capital, relying on the Trust Account and potential business combinations to sustain operations. The company faces uncertainties due to Nasdaq delisting and the need to complete a business combination by May 31, 2025.