04:51 PM EST, 02/13/2026 (MT Newswires) -- HCM IV Acquisition ( HACQU ) closed its $287.5 million initial public offering of 28.75 million units priced at $10 each.

The offering included 3.75 million units issued after the underwriter fully exercised its overallotment option, the blank-check company said Friday in a statement.

The units began trading Thursday on the Nasdaq Global Market.

Each unit consists of one Class A ordinary share and one-fourth of a redeemable warrant. Each whole warrant is exercisable to purchase one Class A ordinary share priced at $11.50. Only whole warrants will trade.

Once the securities trade separately, the shares are expected to list under the symbol HACQ, with HACQW as the ticker for the warrants.