secwatch.observer — SEC 8-K summary
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Issuer:     Hall Chadwick Acquisition Corp (HCAC)
CIK:        0002079013
Form:       8-K
Filed at:   2026-10-02T13:00:39+00:00
Accession:  0001829126-26-010706
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2079013/000182912626010706/0001829126-26-010706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2079013/000182912626010706/hallchadwickacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-010706

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