Namib Minerals has announced the successful closing of its business combination with Hennessy Capital Investment Corp. VI. This transaction marks a significant strategic milestone for the company, positioning it for enhanced growth and market visibility. The combined entity is set to begin trading on the Nasdaq Stock Exchange.
The company is expected to trade under the ticker symbol "NAMM" on Nasdaq on or about Friday, June 6, 2025. This listing establishes Namib Minerals as the largest African company to go public through a Special Purpose Acquisition Company (SPAC) transaction. The move is intended to strengthen Namib Minerals’ position as a leading gold and green minerals company in sub-Saharan Africa.
The completion of this business combination and the Nasdaq listing provide Namib Minerals with access to global capital markets. This access is crucial for funding its operational expansion and exploration initiatives across its African asset portfolio. The strategic move is expected to support the company's long-term objectives in the mining sector.
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