---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-26-010706"
form_type: "8-K"
ticker: "HCAC"
cik: "0002079013"
company_name: "Hall Chadwick Acquisition Corp"
filed_at: "2026-10-02T13:00:39+00:00"
generated_at: "2026-10-12T14:32:48.866967+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# HCAC signs $2.1M related-party PIPE at $10.00/share for REEcycle deal; S-4 filed for $400M all-stock merger

## Summary
- Related-party PIPE: entities tied to REEcycle director Michael McMullen and HCAC advisors Richard Albarran and Drew Townsend bought 210,000 shares at $10.00 for $2.1M on Sept 30, 2026.
- Subscriptions are conditional only on closing the Business Combination with REEcycle; the issuance will dilute non-redeeming shareholders. Cohen & Company Capital Markets is placement agent.
- REEcycle deal: $400M all-stock consideration — $350M payable at closing plus $50M on a milestone of 50 tpa MREO over 22 days; $40M minimum cash condition.
- PIPE of ~$50M funds a 160 tpa REE recycling plant in Duncan, Oklahoma: $33M capex, $7M working capital/DDM/feedstock, $10M transaction costs.
- HCAC and REEcycle filed the Form S-4 registration statement on Oct 1, 2026, with a press release and October investor presentation. REEcycle nominates 5 of 7 combined-company directors.

## SEC filing metadata
- accession: 0001829126-26-010706
- form_type: 8-K
- ticker: HCAC
- cik: 0002079013
- company_name: Hall Chadwick Acquisition Corp
- filed_at: 2026-10-02T13:00:39+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2079013/000182912626010706/0001829126-26-010706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2079013/000182912626010706/hallchadwickacq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-010706
- JSON: https://secwatch.observer/filing/0001829126-26-010706.json
- Plain text: https://secwatch.observer/filing/0001829126-26-010706.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.