HCM IV Acquisition Corp Announces Pricing of $250 Million Initial Public Offering

Rhea-AI Summary

HCM IV Acquisition Corp (NASDAQ:HACQ) priced a $250.0 million initial public offering of 25,000,000 units at $10.00 per unit on Feb 11, 2026. Each unit contains one Class A ordinary share and one-quarter of a redeemable warrant; whole warrants exercise at $11.50.

Units begin trading on Feb 12, 2026 under ticker HACQU, with Class A shares and warrants expected to trade separately as HACQ and HACQW. Cantor Fitzgerald is sole bookrunner and underwriters have a 45-day option for 3,750,000 additional units.

Positive

• $250 million of gross proceeds from 25,000,000 units
• Underwriters granted a 45-day 15% over-allotment option (3,750,000 units)
• Warrants exercisable at $11.50, providing potential future capital on exercise

Negative

• Blank-check structure: no identified target yet, creating execution uncertainty for investors
• Potential dilution from warrant exercises and any founder shares or future financing

NORWALK, CT , Feb. 11, 2026 (GLOBE NEWSWIRE) -- HCM IV Acquisition Corp (the “Company”), a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, announced today that it has priced its initial public offering of 25,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant. The units will be listed on the Nasdaq Global Market (“Nasdaq”) and will begin trading tomorrow, February 12, 2026, under the ticker symbol “HACQU." Each whole warrant is exercisable to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “HACQ” and “HACQW,” respectively.

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; Steve Bischoff, Chief Financial Officer, and Shawn Matthews Jr., President.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from: Cantor Fitzgerald & Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at prospectus@cantor.com.

A registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on February 11, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company's registration statement filed with the SEC and the preliminary prospectus included therein. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About HCM IV Acquisition Corp

HCM IV Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. 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.

Media Contact:

Steve Bischoff
sbischoff@hondiuscapital.com

FAQ

What did HCM IV Acquisition Corp (HACQ) price its IPO at and how many units were sold?

HCM IV Acquisition Corp priced its IPO at $10.00 per unit for 25,000,000 units. According to the company, total gross proceeds equal $250.0 million, before any over-allotment exercise.

When will HACQ begin trading and what are the expected ticker symbols for its securities?

Units begin trading on February 12, 2026 under the symbol HACQU. According to the company, once separated, Class A shares and warrants are expected to trade as HACQ and HACQW.

What are the warrant terms in the HACQ IPO and how do they work?

Each whole warrant is exercisable to buy one Class A share at $11.50 per share. According to the company, only whole warrants trade and each unit includes one-quarter of a warrant.

Who is underwriting the HACQ offering and is there an over-allotment option?

Cantor Fitzgerald is the sole bookrunner for the offering. According to the company, underwriters have a 45-day option to purchase up to 3,750,000 additional units to cover any over-allotments.

What is HACQ's business purpose and what will the company target after IPO?

HACQ is a blank-check company focused on effecting a business combination in financial services. According to the company, it will seek disruptive fintech targets and established businesses needing assistance to maximize value.