Hall Chadwick Acquisition Corp. Completes $207 Million Initial Public Offering
Rhea-AI Summary
Hall Chadwick Acquisition Corp (NASDAQ:HCACU) completed an initial public offering of 20,700,000 units at $10.00 per unit, including 2,700,000 units from the underwriters' over-allotment option, generating $207,000,000 in gross proceeds.
The units began trading on Nasdaq on November 21, 2025 under the ticker HCACU. Each unit contains one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon a qualifying business combination; the underlying Class A shares and rights will trade separately as HCAC and HCACR when separated.
The company was formed to complete a business combination and expects to focus on the technology, critical materials and energy sectors; no assurance is given that a business combination will be completed.
Positive
- Gross proceeds of $207,000,000 raised in the offering
- 20,700,000 units sold, including a 2,700,000-unit overallotment
- Units began trading on Nasdaq on Nov 21, 2025 under ticker HCACU
Negative
- No assurance the company will complete a business combination
- Units include rights that convert later, creating separate listings (HCAC, HCACR)
- Blank-check structure allows pursuit of deals in any industry or region
Insights
Completed a $207 million SPAC IPO; capital raised enables pursuit of targets in tech, critical materials and energy.
Hall Chadwick Acquisition Corp. sold 20,700,000 units at
The company has clear flexibility: it may pursue a merger, asset acquisition, share purchase or similar transaction in any industry, while stating a focus on technology, critical materials and energy. Key dependencies and risks include completing an initial business combination and the stated use of net proceeds; the release notes no assurance that a combination will occur and references the registration statement and risk factors that could impede a transaction.
Concrete items to watch: completion or announcement of an initial business combination, timing and structure of any deal, and when the units separate and list as HCAC (shares) and HCACR (rights). Relevant dates in the filing are the registration effectiveness on
NEW YORK, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Hall Chadwick Acquisition Corp. (NASDAQ:HCACU) (the “Company”) announced the closing of its initial public offering of 20,700,000 units, which includes 2,700,000 units issued pursuant to the exercise by the underwriters of their over-allotment option. The offering was priced at
The Company’s units began trading on the Nasdaq Global Market (“Nasdaq”) on November 21, 2025, under the ticker symbol “HCACU.” Each unit consists of one Class A ordinary share of the Company and one right to receive one tenth (1/10) of a Class A ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights will be listed on Nasdaq under the symbols “HCAC” and “HCACR,” respectively.
The Company was 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 may pursue an initial business combination opportunity in any industry or geographic location but expects to focus its efforts on the technology, critical materials and energy sectors.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as lead book-running manager. Copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
A registration statement relating to the securities became effective on November 18, 2025. 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 anticipated use of the net proceeds from the offering. No assurance can be given that the Company will ultimately complete a business combination transaction. 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 and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at 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
Mike Willesee
mwillesee@hallchadwick.com.au
FAQ
How much did Hall Chadwick Acquisition Corp (HCACU) raise in its IPO on November 21, 2025?
What does each HCACU unit include and how will the securities trade later?
When did HCACU begin trading on Nasdaq and under what symbol?
How many units were sold in the HCACU IPO and how many were overallotment units?
What industries will Hall Chadwick Acquisition Corp target for a business combination?
Is a completed business combination guaranteed for HCACU shareholders?
