SPAC HCM Acquisition Corp Files for Its IPO

According to paperwork filed with the SEC, HCM Acquisition Corp has filed to go public. Moreover, they have registered 28.75 million units of securities to trade on the NASDAQ under the ticker symbol HCMAU. However, this number includes 3.75 million units that are issuable to underwriters in order to cover over-allotments, if any.

The proposed maximum offering price for each unit is $10. Furthermore, each units includes 1 share of Class A common stock and 1/2 of a redeemable warrant. Each warrant entitles its holder to buy 1 share of Class A common stock at a price of $11.50 each. However, this price is subject to adjustment as described in the prospectus. When units begin separate trading, warrants will trade under the ticker symbol HCMA. Shares of Class A common stock will trade und...

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