HCM IV Acquisition Corp said it has sold 25 million units in an initial public offering, raising a total of $250 million. The company set the price at $10 per unit, and announced the units will commence trading on the Nasdaq exchange under the ticker HACQU on February 12, 2026.
Each unit issued in the offering comprises one Class A ordinary share plus one-quarter of a redeemable warrant. The structure means that four units together yield a single full warrant. Those whole warrants are exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share.
The company noted that, after the units begin trading as a combined instrument, the Class A ordinary shares and the warrants will eventually be listed to trade separately under the symbols HACQ and HACQW, respectively, once separate trading begins.
Cantor Fitzgerald & Co. served as the sole bookrunner for the offering. As is customary, the company granted the underwriters a 45-day option to buy up to 3.75 million additional units at the public offering price to satisfy any over-allotments.
Business focus and management
HCM IV Acquisition Corp said it will concentrate on locating companies that provide technology or innovations within the financial services industry. The blank-check company indicated a preference for established businesses it considers fundamentally sound but that may need support to achieve greater value.
The leadership team listed in the company's announcement includes Shawn Matthews as chairman and chief executive officer, Steve Bischoff as chief financial officer, and Shawn Matthews Jr. as president.
Regulatory clearance
The Securities and Exchange Commission declared the registration statement for the offering effective on February 11, 2026, according to the company’s statement.
The announcement covers the structure and timing of the IPO, the underwriter arrangement, the over-allotment option, the company's stated acquisition focus in the financial services technology space, and the names of its principal executives.