U.S.-based Hennessy Capital Acquisition IV, a blank check company of Hennessy Capital LLC, has filed with the Securities and Exchange Commission to secure $250 million in an initial public offering (IPO).

Nomura Securities and Stifel are the joint bookrunners on the deal. Hennessy Capital Acquisition intends to raise the proceeds by offering 25 million units at a price of $10.

Insiders plan to buy $33 million worth of units in the offering that is 13 percent of the transaction. At $10, the company will command a market value of $313 million.

Each unit consists of one share of common stock and three-quarters of one warrant to purchase a share of common stock at $11.50 per share.