HCM Acquisition, a blank check company formed by Hondius Capital Management targeting fintech, raised $250 million by offering 25 million units at $10. Each unit will consist 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 and CFO and President James Bond, who together co-founded Hondius Capital Management in 2019 and currently serve as CIO and COO, respectively. Matthews and Bond previously held executive positions at Cantor Fitzgerald from 2009 to 2018, serving as CEO and Global COO, respectively.
HCM Acquisition intends to concentrate on businesses which provide disruptive technology or innovations within the financial services industry. Its areas of interest include fintech, retail banking and payment transfer, payment processing, insurance, wealth management, real estate, lending, specialty finance, digital assets and blockchain, cybersecurity, and data providers and cloud computing.
HCM Acquisition plans to list on the Nasdaq under the symbol HCMAU. Cantor Fitzgerald acted as sole bookrunner on the deal.
