Meteora Capital takes 5.7355% stake in III Acquisition Corp (HCMA)

Rhea-AI Filing Summary

Meteora Capital, LLC and its managing member Vik Mittal filed a Schedule 13G reporting a passive ownership position in III Acquisition Corp Class A common stock. They report beneficial ownership of 1,451,075 shares, representing 5.7355% of the outstanding Class A common stock.

The shares are held by certain funds and managed accounts for which Meteora Capital acts as investment manager, and the filing states it should not be construed as an admission of beneficial ownership for Section 13 purposes. The securities were acquired and are held in the ordinary course of business and not for changing or influencing control of the company.

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Accepted by SEC EDGAR 02/13/2026 - 03:04 PM Learn about SEC filing dates

FAQ

What stake does Meteora Capital report in III Acquisition Corp (HCMA)?

Meteora Capital reports beneficial ownership of 1,451,075 shares of III Acquisition Corp Class A common stock, representing 5.7355% of the class. This crosses the 5% threshold that requires a Schedule 13G ownership filing with the SEC.

Who are the reporting persons in the III Acquisition Corp (HCMA) Schedule 13G?

The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member. The shares are held by funds and managed accounts advised by Meteora Capital, and the filing disclaims admission of beneficial ownership.

How many III Acquisition Corp (HCMA) shares does Meteora Capital control?

Meteora Capital reports 1,451,075 shares with shared voting and shared dispositive power, and zero shares with sole voting or dispositive power. This means decisions over these shares are shared, rather than controlled solely by Meteora Capital or Vik Mittal individually.

Is Meteora Capital’s III Acquisition Corp (HCMA) stake a passive investment?

Yes. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of III Acquisition Corp, consistent with a passive Schedule 13G filing.

When did Meteora Capital’s ownership in III Acquisition Corp (HCMA) trigger this filing?

The event date requiring the Schedule 13G filing is listed as December 31, 2025. That date reflects when Meteora Capital’s beneficial ownership position met the reporting requirements under Section 13 of the Securities Exchange Act.

Where are Meteora Capital and III Acquisition Corp based according to the filing?

III Acquisition Corp’s principal executive offices are at 100 First Stamford Place, Suite 330, Stamford, CT 06902. Meteora Capital and Vik Mittal list their principal business office at 1200 N Federal Hwy, #200, Boca Raton, FL 33432.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

HCM III Acquisition Corp

(Name of Issuer)

Class A common stock

(Title of Class of Securities)

G4365E103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G4365E103

1

Names of Reporting Persons

Meteora Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,451,075.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,451,075.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,451,075.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7355 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HCM III Acquisition Corp
(b)	Address of issuer's principal executive offices: 100 First Stamford Place, Suite 330, Stamford, CT, 06902
Item 2.
(a)	Name of person filing: (i) Meteora Capital, LLC, a Delaware limited liability company ("Meteora Capital") with respect to the Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora Capital serves as investment manager (collectively, the "Meteora Funds"); and (ii) Vik Mittal, who serves as the Managing Member of Meteora Capital, with respect to the Common Stock held by the Meteora Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 1200 N Federal Hwy, #200, Boca Raton FL 33432
(c)	Citizenship: Meteora Capital is a Delaware limited liability company. Vik Mittal is a United States citizen.
(d)	Title of class of securities: Class A common stock
(e)	CUSIP No.: G4365E103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1451075
(b)	Percent of class: 5.7355 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1451075
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1451075
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Meteora Capital, LLC

Signature:	Vik Mittal
Name/Title:	Mr
Date:	02/13/2026