HCM II Acquisition, the second blank check company formed by Hondius Capital Management, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Stamford, CT-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, HCM II Acquisition would command a market value of $250 million.
The company is led by CEO and Chairman Shawn Matthews, the founder and CIO of alternative investment firm Hondius Capital Management. While it has not selected a target industry or geography, the SPAC plans to focus on established businesses of scale poised for continued growth, led by a highly regarded management teams.
Management's previous SPAC, HCM Acquisition, completed its combination with real estate company Murano Global Investments (MRNO; -4% from $10 offer price) in March 2024.
HCM II Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol HONDU. The company filed confidentially on April 26, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
