HCM III Acquisition Corp closes $253M IPO, including full over-allotment

HCM III ACQUISITION CORP.

Closed IPO of 25,300,000 units at $10.00/unit, generating $253M gross proceeds.
Underwriter's over-allotment of 3,300,000 units fully exercised.
Placed $253M in trust account; funds held for initial business combination within 24 months.
Private placement of 4,266,667 warrants at $1.50 each raised $6.4M.
SPAC targets disruptive tech/innovation businesses in financial services.

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