10-Q - HCM II Acquisition Corp. (0002019804) (Filer)

Wed, Nov 13, 9:44 PM (61 days ago)

For the quarter ending September 30, 2024, HCM II Acquisition Corp. (HONDU) reported a net income of $1,071,221, primarily from interest earned on marketable securities held in its trust account. The company generated no operational revenue as it is still in the process of identifying a target for a business combination, following its IPO on August 19, 2024, which raised $230,000,000. Total assets amounted to $233,592,426, with $232,499,715 in marketable securities. The firm incurred operating costs of $278,494 and maintained a cash balance of $825,134 for working capital needs. Shareholders’ deficit stood at $10,002,171. The company faces liquidity risks, as it must complete a business combination by August 19, 2026, or face mandatory liquidation. Recent geopolitical tensions may impact its acquisition strategy. Overall, while the initial financial health appears stable post-IPO, uncertainties regarding future operations and market conditions remain.