HCM IV Acquisition Corp. completed an initial public offering in which it sold 28,750,000 units at $10.00 apiece, generating $287.5 million in gross proceeds. The offering incorporated the underwriter’s full exercise of its over-allotment option for 3,750,000 units.
The newly issued units began trading on February 12, 2026 on the NASDAQ Global Market under the ticker HACQU. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. When combined into whole warrants, the warrants are exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share.
The company said that, once separate trading is initiated, the Class A ordinary shares and the warrants are expected to trade independently on NASDAQ under the symbols HACQ and HACQW, respectively. That separation has been described as an anticipated next step but is not yet completed.
HCM IV Acquisition describes itself as a blank-check company that will look to identify businesses providing technology or innovations within the financial services industry. The company stated that it will concentrate on acquiring established businesses that require assistance to maximize their potential value.
Management of the blank-check company includes Shawn Matthews serving as chairman and chief executive officer, with Steven Bischoff as chief financial officer, and Shawn Matthews Jr. as president.
Cantor Fitzgerald & Co. acted as the sole bookrunner on the offering. The Securities and Exchange Commission declared the registration statement for the offering effective on February 11, 2026.
The information in this report is based on a company press release statement.
Clear summary
HCM IV Acquisition raised $287.5 million by selling 28,750,000 units at $10 each, including the full 3,750,000-unit over-allotment. Units started trading on NASDAQ on February 12, 2026 under HACQU; each unit includes one Class A share and one-quarter of a warrant, with whole warrants exercisable at $11.50. The SPAC plans to target technology or innovation in the financial services sector.