HCM IV Acquisition Corp. Announces Closing of $287,500,000 Initial Public Offering

Rhea-AI Summary

HCM IV Acquisition Corp (Nasdaq: HACQU) closed its initial public offering of 28,750,000 units at $10.00 per unit on Feb 13, 2026, raising $287,500,000 including a full 3,750,000-unit overallotment.

Each unit contains one Class A ordinary share and one-fourth of one redeemable warrant; whole warrants exercisable at $11.50. Units began trading Feb 12, 2026; separate tickers expected to be HACQ (shares) and HACQW (warrants). The company will target disruptive fintech businesses.

Positive

• $287.5M raised in IPO
• Full overallotment of 3.75M units exercised
• Clear securities structure: one share + 0.25 warrant per unit

Negative

• Blank-check structure leaves no guaranteed acquisition
• Warrants exercisable at $11.50 represent potential shareholder dilution

NORWALK, Ct, Feb. 13, 2026 (GLOBE NEWSWIRE) -- HCM IV Acquisition Corp. (Nasdaq: HACQU) (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 the closing of its previously announced initial public offering of 28,750,000 units, including 3,750,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. The units were sold at a price of $10.00 per unit. The Company’s units began trading on February 12, 2026 on the Nasdaq Global Market under the symbol “HACQU”. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. 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 Global Market under the ticker symbols “HACQ” and “HACQW,” respectively.

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

Cantor Fitzgerald & Co. acted as sole bookrunner for the offering.

A registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on February 11, 2026. The public offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by e-mail at prospectus@cantor.com.

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.

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.

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.

Media Contact:

Steven Bischoff
sbischoff@hondiuscapital.com

FAQ

How much did HCM IV Acquisition Corp (HACQU) raise in its initial public offering on Feb 13, 2026?

The IPO raised $287,500,000 including the full overallotment. According to the company, 28,750,000 units were sold at $10.00 per unit, including 3,750,000 units from the underwriter’s option.

What securities were included in each HACQU unit and what are the warrant terms?

Each unit contains one Class A ordinary share plus one-fourth of a redeemable warrant. According to the company, whole warrants are exercisable to buy one share at $11.50 per share and only whole warrants will trade.

When did HACQU units begin trading and what will the separate tickers be?

Units began trading on Feb 12, 2026 on Nasdaq under HACQU. According to the company, once separated, shares and warrants are expected to trade under HACQ and HACQW, respectively.

What industry will HCM IV Acquisition Corp (HACQU) target for its business combination?

HACQU intends to focus on disruptive technology and innovations within the financial services industry. According to the company, it will seek established fintech businesses needing support to maximize value.

Who are the named executives leading HCM IV Acquisition Corp (HACQU)?

The company is led by Shawn Matthews (Chairman & CEO), Steven Bischoff (CFO) and Shawn Matthews Jr. (President). According to the company, these executives will drive the acquisition strategy and execution.

Who acted as bookrunner for HACQU’s IPO and where can the prospectus be obtained?

Cantor Fitzgerald & Co. acted as sole bookrunner for the offering. According to the company, the prospectus is available from Cantor Fitzgerald Capital Markets by mail or email at prospectus@cantor.com.