Linden Advisors LP Purchases New Shares in HCM II Acquisition Corp. $HOND

Key Points

• Linden Advisors LP has acquired a new position in HCM II Acquisition Corp. (NASDAQ:HOND) by purchasing 2,000,000 shares worth approximately $21.15 million, representing about 6.96% ownership.
• Other hedge funds also increased their stakes in HCM II Acquisition in the fourth quarter, with notable purchases including AQR Arbitrage LLC's $15.67 million investment.
• HCM II Acquisition Corp., a blank check company based in Stamford, CT, focuses on strategic business combinations, with its stock currently trading at $11.77 per share.

Linden Advisors LP bought a new stake in shares of HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000,000 shares of the company's stock, valued at approximately $21,150,000. Linden Advisors LP owned about 6.96% of HCM II Acquisition as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC purchased a new stake in HCM II Acquisition in the 1st quarter worth about $271,000. Toronto Dominion Bank bought a new stake in HCM II Acquisition during the 4th quarter valued at approximately $318,000. Schonfeld Strategic Advisors LLC bought a new stake in HCM II Acquisition during the 4th quarter valued at approximately $752,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in HCM II Acquisition during the 4th quarter valued at approximately $1,745,000. Finally, Centiva Capital LP bought a new stake in shares of HCM II Acquisition in the 4th quarter worth approximately $1,956,000.

HCM II Acquisition Price Performance

Shares of HOND stock traded up $0.08 during mid-day trading on Wednesday, reaching $11.58. The stock had a trading volume of 91,783 shares, compared to its average volume of 310,901. The firm's 50 day simple moving average is $11.22 and its 200 day simple moving average is $10.95. HCM II Acquisition Corp. has a one year low of $9.90 and a one year high of $12.24.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.