HCM III Acquisition Corp Announces Closing of $253,000,000 Initial Public Offering

Group 1 - The company, HCM III Acquisition Corp, has successfully closed its initial public offering (IPO) of 25,300,000 units, including 3,300,000 units from the underwriter's over-allotment option, at a price of $10.00 per unit [1] - The units began trading on August 1, 2025, on the Nasdaq Global Market under the symbol "HCMAU," with each unit consisting of one Class A ordinary share and one-third of a redeemable warrant [1] - The whole warrants are exercisable to purchase one Class A ordinary share at a price of $11.50 per share, and once separate trading begins, the shares and warrants will be listed under the ticker symbols "HCMA" and "HCMAW," respectively [1] Group 2 - The company aims to identify businesses that provide disruptive technology or innovations within the financial services industry, focusing on acquiring established businesses that are fundamentally sound but require assistance to maximize their potential value [2][5] - The leadership team includes Shawn Matthews as Chairman and CEO, and Steven Bischoff as President and CFO [2] Group 3 - Cantor Fitzgerald & Co. acted as the sole bookrunner for the offering, with a registration statement filed and declared effective by the SEC on July 31, 2025 [3]