HCM Acquisition Corp Announces Pricing of $250 Million Initial Public Offering
21 January 2022 - 10:17AM
HCM Acquisition Corp (the “Company”), a blank check company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses, announced today
that it has priced its initial public offering of 25,000,000 units
at $10.00 per unit. The units will be listed on the Nasdaq Global
Market ("Nasdaq") and will begin trading tomorrow, January 21,
2022, under the ticker symbol "HCMAU." Each unit consists of one
Class A ordinary share and one-half of one redeemable warrant. Each
whole warrant is exercisable to purchase one Class A ordinary share
of the Company at a price of $11.50 per share. Only whole warrants
are exercisable and will trade. Once the securities comprising the
units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on the Nasdaq under the symbols
“HCMA” and “HCMAW,” respectively.
Cantor Fitzgerald & Co. is acting as sole
bookrunner for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,750,000 units at the initial public offering price to cover
over-allotments, if any.
The Company intends to focus on identifying
businesses which provide disruptive technology or innovations
within the financial services industry. The Company’s efforts will
be focused on acquiring established businesses that it believes are
fundamentally sound, but in need of assistance to maximize their
potential value. The Company is led by Shawn Matthews, Chairman and
Chief Executive Officer; and James Bond, President and Chief
Financial Officer.
The public offering is being made only by means
of a prospectus. When available, copies of the prospectus relating
to the offering may be obtained from: Cantor Fitzgerald & Co.,
Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or
by e-mail at prospectus@cantor.com.
A registration statement relating to the
securities was filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on January 20, 2022.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements”. Forward-looking statements
are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the “Risk
Factors” section of the Company's registration statement filed with
the SEC and the preliminary prospectus included therein. Copies of
these documents are available on the SEC's website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
About HCM Acquisition Corp
HCM Acquisition Corp is a newly organized blank
check company formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses. The
Company intends to focus on identifying businesses which provide
disruptive technology or innovations within the financial services
industry. The Company’s efforts will be focused on acquiring
established businesses that it believes are fundamentally sound,
but in need of assistance to maximize their potential value.
Media Contact:James
Bondjbond@hondiuscapital.com
HCM Acquisition (NASDAQ:HCMA)
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