HCM II Acquisition Corp. announced the successful completion of its initial public offering (IPO) on August 19, 2024. The company sold 23,000,000 units at $10.00 each, including 3,000,000 units from the underwriter's over-allotment option, raising $230,000,000. Each unit comprises one Class A ordinary share and half of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share. Concurrently with the IPO, the company sold 6,850,000 private placement warrants to the Sponsor and the Underwriter at $1.00 per warrant, totaling $6,850,000. Proceeds from the IPO and the private placement warrants were placed in a U.S. trust account.
The company also entered several agreements, including an Underwriting Agreement with Cantor Fitzgerald & Co., a Warrant Agreement and Investment Management Trust Agreement with Continental Stock Transfer & Trust Company, a Registration Rights Agreement and a Private Placement Warrants Purchase Agreement with the Sponsor and the Underwriter, a Letter Agreement, and an Administrative Support Agreement with its sponsor, HCM Investor Holdings II, LLC.
Additionally, the company's Amended and Restated Memorandum and Articles of Association were approved on August 15, 2024, with a description included in the Prospectus under "Description of Securities."
Names Listed: - HCM II Acquisition Corp. - Cantor Fitzgerald & Co. - Continental Stock Transfer & Trust Company - HCM Investor Holdings II, LLC (the Sponsor) - NASDAQ (Exchange where securities are registered: Units - HONDU; Class A Ordinary Shares - HOND; Redeemable Warrants - HONDW)