Meteora Capital manager reports 8.20% stake in HCM III (NASDAQ: HCMA)

Rhea-AI Filing Summary

HCM III Acquisition Corp Schedule 13G: Meteora Capital, LLC and Vik Mittal report shared beneficial ownership of 2,077,075 shares of Class A common stock, representing 8.20% of the class. The filing attributes shared voting and shared dispositive power over these shares.

Insights

Equity Ownership Analyst

Large passive stake disclosed by an investment manager.

Meteora Capital and Vik Mittal report 2,077,075 shares, or 8.20%, of Class A common stock with shared voting and dispositive power. The statement identifies the holdings as held by Meteora-managed funds and accounts.

Timing and trading intent are not stated; subsequent filings may clarify whether this reflects passive ownership under Schedule 13G conditions.

Corporate Governance Specialist

Shared control suggests pooled or fund-level authority.

The filing lists shared voting power and shared dispositive power rather than sole control, indicating decisions are exercised collectively through the Meteora Funds or accounts. The report disclaims admission of beneficial ownership for Section 13 purposes.

Watch for any future amendments or Schedule 13D if activism or changes in intent occur.

Key Figures

Shares beneficially owned: 2,077,075 shares Percent of class: 8.20% Filing type: Schedule 13G +1 more

4 metrics

Shares beneficially owned 2,077,075 shares Amount beneficially owned reported in Item 4(a)

Percent of class 8.20% Percent of Class A common stock reported in Item 4(b)

Filing type Schedule 13G Form type provided in metadata

CUSIP G4365E103 CUSIP number for Class A common stock reported in Item 2(d)

Key Terms

Schedule 13G, shared dispositive power, beneficial ownership

3 terms

Schedule 13G regulatory

"Schedule 13G appears as the form type in the metadata"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

shared dispositive power financial

"Item 4 lists Shared Dispositive Power 2,077,075.00"

beneficial ownership regulatory

"Item 4(a) Amount beneficially owned: 2077075"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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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)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 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 2,077,075.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,077,075.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,077,075.00

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)

8.20 %

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 Number(s): 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: 2077075
(b)	Percent of class: 8.20 %
(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: 2077075
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2077075
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:	05/15/2026

FAQ

What stake did Meteora Capital report in HCM III (HCMA)?

Meteora Capital and Vik Mittal reported ownership of 2,077,075 shares of Class A common stock, representing 8.20% of the class, as stated in their Schedule 13G filing.

Does the filing show who controls the shares for HCMA?

The filing reports shared voting power and shared dispositive power over the 2,077,075 shares, indicating control is exercised collectively by the Meteora-managed funds and accounts.

Was Meteora Capital identified as a U.S. entity in the HCMA filing?

Yes. The filing lists Meteora Capital as a Delaware limited liability company and identifies Vik Mittal as a United States citizen in the Schedule 13G disclosure.

When was the Schedule 13G signed for HCMA?

The Schedule 13G was signed by Vik Mittal on 05/15/2026, reflecting the reported 2,077,075 shares and the 8.20% ownership percentage disclosed in the filing.