HCM II Acquisition Corp. closes $230M IPO, including full over-allotment

Terrestrial Energy Inc. /DE/

23,000,000 units at $10.00 each, gross proceeds $230M; units trade on Nasdaq as HONDU.
Private placement of 6,850,000 warrants at $1.00 each to sponsor and underwriter, raising $6.85M.
Total trust proceeds $231.15M placed with Continental Stock Transfer, locked until business combination or 24 months.
SPAC focus on established businesses; management led by Shawn Matthews (CEO) and Steven Bischoff (CFO).
Underwriter Cantor Fitzgerald sole bookrunner; over-allotment fully exercised.

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