SPAC HCM IV Acquisition prices $250 million IPO, targeting real estate and asset management
IPO Overview
HCM IV Acquisition, the fourth blank check company formed by Hondius Capital Management, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-fourth of one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Shawn Matthews, the founder and CIO of alternative investment firm Hondius Capital Management, and CFO Steven Bischoff, an EVP at Atlantic Home Loans. The SPAC plans to target technology and software infrastructure companies whose products and services target the financial services, real estate, and asset management industries, focusing on both domestic and global businesses with clear paths to success in the public market.
Management’s previous SPACs include HCM III Acquisition （HCMAU）， which raised $220 million this past August; HCM II Acquisition, which completed its combination with nuclear reactor developer Terrestrial Energy （IMSR） this past October; and HCM Acquisition, which completed its combination with real estate company Murano Global Investments （MRNO） in March 2024.
HCM IV Acquisition plans to list on the Nasdaq under the symbol HACQU. Cantor Fitzgerald acted as sole bookrunner on the deal.
About the Company
We are a blank check company incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination. We may pursue an initial business combination target in any business or industry or at any stage of its corporate evolution. Our primary focus, however, will be in completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team. We currently intend to concentrate our efforts on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. Our management team has an extensive track record of acquiring attractive assets at disciplined valuations, investing in growth while fostering financial discipline and improving business results. We will seek to acquire established businesses of scale that we believe are poised for continued growth with capable management teams and proven unit economics, but potentially in need of financial, operational, strategic or managerial enhancement to maximize value. We do not intend to acquire startup companies or companies without established business plans.