Company Summary - HCM II Acquisition Corp.

Business Overview

• Type: Blank check company (Special Purpose Acquisition Company - SPAC) incorporated in the Cayman Islands.
• Purpose: To effectuate a merger, acquisition, share exchange, asset purchase, share purchase, reorganization, or similar business combination with one or more businesses.
• Operational Status: As of December 31, 2024, the company has not yet commenced operations or generated operating revenues.
• Focus: Will pursue an initial business combination with an established, growth-oriented business that is led by a highly regarded management team.

Formation and Public Offering

• Founded: April 4, 2024.
• Initial Public Offering:
  • Date: August 19, 2024
  • Units Sold: 23,000,000 units (including over-allotment exercise)
  • Price per Unit: $10.00
  • Gross Proceeds: $230,000,000
• Private Placement Warrants:
  • Number Sold: 6,850,000 warrants
  • Price per Warrant: $1.00
  • Gross Proceeds: $6,850,000
• Trust Funds:
  • Amount Held as of Dec 31, 2024: Approx. $235.19 million.
  • Use of Trust Funds: Invested in U.S. Treasury obligations or money market funds with short-term maturities, intended solely for funding a future business combination.
• Transaction Costs: Approximately $15.4 million, including underwriting fees and offering costs.

Future Operations & Strategy

• Operational Activity: Limited to formation, public offering process, and identifying potential business targets.
• Revenue Model: No operational revenue; expects to generate non-operating income from interest on funds held in trust.
• Business Plan: To identify, evaluate, and complete a business combination with a target company, typically one with scalable and established operations.
• Target Business Size: Prefers established businesses with scale, poised for growth, managed by experienced leadership.

Financial Position

• Assets as of December 31, 2024:
  • Cash & Receivables: ~$668,089 in cash.
  • Marketable Securities (Trust Account): ~$235.19 million.
• Liabilities:
  • Accrued Expenses: ~$458,624.
  • Deferred Underwriting Fee: ~$10.72 million.
• Shareholders’ Equity:
  • Class B Shares (Founder Shares): 5,750,000 issued and outstanding; held primarily by Sponsor and transferred to independent directors.
  • Class A Shares: 23 million issuance, subject to redemption upon business combination.
  • Income & Income per Share (for period ending December 31, 2024):
    • Net Income: ~$3.41 million
    • Per Class A Share: $0.20
    • Per Class B Share: $0.20

Management & Key Personnel

• Chief Executive Officer & Chairman: Shawn Matthews, with extensive experience in financial services, former CEO of Cantor Fitzgerald, and founder of Hondius Capital Management.
• President & CFO: Steven Bischoff, with experience in investment banking and risk management at firms like Cantor Fitzgerald and GMAC.
• Other Directors:
  • Andrew Brenner (Investment management, former director at Natalliance Securities)
  • Michael J. Connor (Former U.S. Navy Vice Admiral, CEO of ThayerMahan)
  • Jacob Loveless (Technology and fintech executive, CEO of Edgemesh)

Additional Details

• Employees: 2 executive officers (no full-time employees prior to business combination).
• Shareholders:
  • Initial Shareholders: Own approximately 20% of total shares.
  • Number of Holders (as of March 31, 2025):
    • 1 holder of Units.
    • 1 holder of Class A shares.
    • 4 holders of Class B shares.
    • 3 holders of warrants.
• Revenue & Income: No operating revenues; income derived from interest income on trust investments and initial formation activities.
• Current Status: Still in the phase of identifying and finalizing a target for business combination, with plans to complete a merger by late 2025 or early 2026.

Note: All data is based solely on information provided as of December 31, 2024; the company has not yet engaged in business operations or generated revenues beyond interest income.