HCM III Acquisition Corp. closes IPO of 25.3M units at $10, raising $253M trust

HCM III ACQUISITION CORP.

IPO of 25,300,000 units at $10.00 per unit closed Aug 4, 2025; includes full over-allotment of 3.3M units.
Gross proceeds of $253M deposited into trust account; $12M deferred underwriting fee accrued.
Private placement of 4,266,667 warrants at $1.50 each sold to sponsor and Cantor Fitzgerald, raising $6.4M.
Company enters advisory agreement with Zenith Securities for consulting fees of 0.65% of IPO proceeds.
Audited balance sheet as of Aug 4, 2025 shows $1.3M cash outside trust, $253M in trust, and $11.98M accumulated deficit.

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