HCM IV Acquisition Corp. 8-K

What Happened

• HCM IV Acquisition Corp. filed an 8-K on Feb 23, 2026 reporting that it consummated its initial public offering on Feb 11, 2026 of 28,750,000 units (including a 3,750,000-unit over-allotment exercise) at $10.00 per unit.
• Each Unit consists of one Class A ordinary share and one-quarter of a redeemable warrant; each whole warrant allows purchase of one Class A ordinary share at $11.50.
• Simultaneous with the IPO, the company completed a private placement of 4,666,667 warrants to HCM Investor Holdings IV, LLC (the Sponsor) and Cantor Fitzgerald & Co. at $1.50 per warrant, producing $7,000,000 in gross proceeds.
• The company placed $287,500,000 of IPO proceeds (which includes a $13,687,500 underwriter deferred discount) into a U.S.-based trust account. An audited balance sheet as of Feb 13, 2026 reflecting these proceeds is included as Exhibit 99.1 to the filing.

Key Details

• IPO size: 28,750,000 units sold at $10.00 per unit (3,750,000 units from over-allotment).
• Private placement: 4,666,667 warrants at $1.50 each = $7,000,000 gross proceeds.
• Trust account funding: $287,500,000 deposited (includes $13,687,500 underwriter deferred discount).
• Document: Audited balance sheet dated Feb 13, 2026 included as Exhibit 99.1.

Why It Matters

• The completed IPO and private placement establish the company’s public capital base and the cash held in trust, which is material to future corporate plans or transactions.
• The warrant structure and private-placement warrants affect the company’s outstanding securities and potential future dilution for shareholders if warrants are exercised.
• Retail investors should note the amounts raised, the trust-account deposit, and the existence of warrants when evaluating the company’s capital structure and potential impact on share supply.