HCM II Acquisition Corp. has successfully closed its initial public offering, raising $230 million by issuing 23 million units priced at $10 each. The offering included 3 million units issued through the full exercise of the underwriters’ over-allotment option. Trading commenced on August 16, 2024, on Nasdaq under the symbol HONDU. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with the whole warrants exercisable at $11.50 per share. Cantor Fitzgerald & Co., acting as the sole bookrunner, facilitated the IPO. Led by Chairman and CEO Shawn Matthews and President and CFO Steven Bischoff, HCM II Acquisition Corp. aims to engage in mergers or acquisitions with established growth-oriented businesses.
Investment, Capital Markets,United States
https://mergersacquisitions.einnews.com/pr_news/736624478/hcm-ii-acquisition-corp-announces-closing-of-230-000-000-initial-public-offering?ref=rss&ecode=Q1vNcweEggLWKz7L&utm_source=RSSNews&utm_medium=rss&utm_campaign=Mergers+%26+Acquisitions+News&utm_content=article