HCM Acquisition Corp currently lacks substantial independent business operations. Its primary objective is to seek and complete a business combination, such as ...
HCM Acquisition Corp (NASDAQ: HCMA) is a special purpose acquisition company (SPAC) established in 2021, with its headquarters in Stamford, Connecticut. As a blank check company, it does not have its own substantive business operations; instead, its sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, ...HCM Acquisition Corp (NASDAQ: HCMA) is a special purpose acquisition company (SPAC) established in 2021, with its headquarters in Stamford, Connecticut. As a blank check company, it does not have its own substantive business operations; instead, its sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more existing enterprises. The company was incorporated in the Cayman Islands, as is common for SPACs, and went public with an initial public offering (IPO) in March 2022, raising capital to fund a future acquisition.
Led by Chairman and CEO Shawn Peter Matthews, who has over three decades of experience in financial services, the management team is focused on identifying a suitable target company. The company's sponsor and management may have relationships with potential targets, but as of the latest available information, no specific business combination has been announced. HCM Acquisition Corp operates with a minimal workforce, with only two full-time employees, reflecting its limited operational activity during the search phase.
Financially, the company holds a significant amount of trust funds from its IPO, with tangible assets of approximately $246 million and shareholders' equity per share of $7.29. It has no revenue, as expected for a SPAC, and its operating expenses are primarily related to administrative costs and due diligence efforts for potential mergers. The company's market capitalization is approximately $135.5 million based on a share price of $10.28. Financial ratios indicate low leverage, with no debt, and a current ratio above 1, indicating sufficient liquidity to cover short-term obligations.
The key people include CEO Shawn Matthews and other executives with backgrounds in investment banking and asset management. The company’s strategy is to seek out high-growth businesses, potentially in sectors such as technology, media, or financial services, where the management’s expertise can add value. The timeline for completing a business combination is limited; SPACs typically have a two-year period to complete a deal, after which they must return funds to shareholders. As of 2025, HCMA has extensions and may be under pressure to finalize an acquisition.
For investors, HCMA offers an opportunity to participate in a blank-check investment, with the potential for high returns if a successful merger is completed, but also carries the risk of liquidation if no deal is found. The company is listed on the NASDAQ Global Market under the symbol HCMA.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$2.2M
-85.2%
-8.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-355260
+60.1%
+166.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
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Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.64x
+114.4%
-52.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.