HOND
HCM II Acquisition Corp.18.04
+0.16+0.87%
Oct 28, 4:00:00 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
518.65MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
SPAC merger approval secured
HCM II Acquisition Corp. shareholders overwhelmingly approved the business combination with Terrestrial Energy on October 20, 2025, paving the way for a merger that will domesticate the SPAC into a Delaware corporation and rebrand it as Terrestrial Energy Inc. With minimal redemptions leaving $243 million in the trust account, the deal bolsters the developer's IMSR nuclear technology push. Closing is slated for October 27, 2025. Yet risks like regulatory hurdles loom large.
10-Q
Q2 FY2025 results
HCM II Acquisition Corp. posted a net income of $601,027 for Q2 2025 ended June 30, up from $689,999 in Q1, driven by $2.5M in interest from its $240.1M trust account, though offset by $1.5M in administrative costs and a $0.4M fair-value hit on its forward purchase agreement liability. Year-to-date net income hit $1.3M on $4.9M interest, against $2.6M expenses and $1.1M FPA adjustments, yielding $0.04 diluted EPS across 23M Class A shares—consistent with weighted averages. Cash outside trust dipped to $124K amid $0.5M operating outflows, but the $240M trust provides ample liquidity for the pending merger with Terrestrial Energy, set for Q4 2025 with $925M equity value via share exchange. No debt burdens the balance sheet. Merger delays pose the main risk.
8-K
Financial restatements announced
HCM II Acquisition Corp.'s audit committee determined on July 15, 2024, that its 2024 annual and Q1 2025 interim financial statements can't be trusted due to an error misstating the IPO underwriter as a related party in disclosures. The company plans to file restated 10-K and 10-Q reports soon, after consulting auditors. No timeline is set yet. This disclosure slip could invite Nasdaq scrutiny.
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