IPO for SPAC HCM Acquisition Corp (HCMA) Opens at $10

January 21, 2022 11:07 AM EST

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Today's IPO for SPAC HCM Acquisition Corp (NASDAQ: HCMAU) (NASDAQ: HCMA) opened for trading at $10 after pricing 25,000,000 units at $10.00 per unit.

Cantor Fitzgerald & Co. is acting as sole bookrunner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.

The Company intends to focus on identifying businesses which provide disruptive technology or innovations within the financial services industry. The Company’s efforts will be focused on acquiring established businesses that it believes are fundamentally sound, but in need of assistance to maximize their potential value. The Company is led by Shawn Matthews, Chairman and Chief Executive Officer; and James Bond, President and Chief Financial Officer.

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