05:11 PM EDT, 08/19/2024 (MT Newswires) -- HCM II Acquisition ( HONDU ) said late Monday it closed its initial public offering of 23 million units at $10 each.

The blank-check company said the IPO included 3 million units issued pursuant to the full exercise of the underwriter of its overallotment option. Each unit comprises one class A ordinary share and one-half of one redeemable warrant, with each warrant exercisable at $11.50 per share.

The units started trading on the Nasdaq Global Market Friday under the HONDU symbol.