HCM II Acquisition Prices $200 Million IPO-March 2024-www.financetom.com

HCM II Acquisition Prices $200 Million IPO

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HCM II Acquisition Prices $200 Million IPO

Aug 16, 2024 2:15 AM

04:47 AM EDT, 08/16/2024 (MT Newswires) -- HCM II Acquisition (HONDU) said late Thursday it priced a $200 million initial public offering of 20 million units.

Each unit consists of 1 class A common share and one-half of a redeemable warrant, with each whole warrant exercisable for 1 class A common share at $11.50, the company said. The underwriters have a 45-day option to purchase up to 3 million additional units to cover over-allotments.

The blank-check company expects to close the IPO on Aug. 19 and said the units are set to start trading on Nasdaq from Friday under the ticker "HONDU."

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