HCM II Acquisition, the second blank check company formed by Hondius Capital Management, raised $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.
The Stamford, CT-based company is led by CEO and Chairman Shawn Matthews, the founder and CIO of alternative investment firm Hondius Capital Management, and the former CEO of Cantor Fitzgerald (2009-2018). President and CFO Steven Bischoff is an Executive Vice President with Atlantic Home Loans, and previously was a Partner at NatAlliance Securities and Cantor's co-COO of Capital Markets.
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) in March 2024.
HCM II Acquisition is listing on the Nasdaq under the symbol HONDU. Cantor Fitzgerald acted as sole bookrunner on the deal.
