HCM III Acquisition, the third blank check company formed by Hondius Capital Management, filed on Friday with the SEC to raise up to $220 million in an initial public offering.
The Stamford, CT-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, HCM II Acquisition would command a market value of $293 million.
The company is led by CEO and Chairman Shawn Matthews, the founder and CIO of alternative investment firm Hondius Capital Management, and CFO Steven Bischoff, who was previously a Partner at NatAlliance Securities. While it has not selected a target industry or geography, the SPAC plans to focus on established businesses of scale poised for continued growth, led by a highly regarded management teams.
Management's previous SPAC, HCM II Acquisition (HOND) HCM Acquisition, is currently pending a merger with nuclear reactor developer Terrestrial Energy. Its first SPAC, HCM Acquisition, completed its combination with real estate company Murano Global Investments (MRNO; -2% from $10 offer price) in March 2024.
The Stamford, CT-based company was founded in 2025 and plans to list on the Nasdaq under the symbol HCMAU. Cantor Fitzgerald is the sole bookrunner on the deal.
