HCM Acquisition priced its initial public offering of 25 million units at $10 each. Units list on the Nasdaq and begin trading today under the ticker symbol HCMAU. Each consists of one Class A ordinary share and one-half of a warrant. When the securities begin separate trading, shares and warrants are expected to list under the symbols HCMA and HCMAW.
Cantor Fitzgerald is sole bookrunner for the offering.
HCM in its initial March 2021 filing said it will target the fintech sector while avoiding “companies with speculative business plans or companies that are excessively leveraged.” Read more.
