Established gold mining company Namib Minerals and special purpose acquisition company Hennessy Capital Investment Corp. VI (Nasdaq: HCVI) entered into a definitive business combination agreement, whereby the proposed business combination has at an enterprise value of $800 million, (including an additional potential earnout) and subject to the completion of certain operational milestones.
The proposed business combination is expected to be completed in the fourth quarter of 2024, subject to closing conditions. The combined public company is expected to be named “Namib Minerals” and to list its securities on the Nasdaq, subject to approval of its listing application.
The Appleby M&A team comprised of Simon Raftopoulos, Alexandra Low, Criona Gannon and Lindsey Ashton.
