Magnetar Financial LLC Buys Shares of 1,959,198 HCM II Acquisition Corp. $HOND

Key Points

• Magnetar Financial LLC purchased approximately 1,959,198 shares of HCM II Acquisition Corp., valued at around $20.7 million, amounting to a 6.81% ownership stake by the end of the first quarter.
• Other institutional investors, including Mizuho Securities USA LLC and Toronto Dominion Bank, also acquired shares in HCM II Acquisition Corp. during the first and fourth quarters, reflecting increased interest in the company.
• HCM II Acquisition Corp. trades under the symbol $HOND, with its stock showing a 12-month range of $9.90 to $12.24.

Magnetar Financial LLC acquired a new position in shares of HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,959,198 shares of the company's stock, valued at approximately $20,719,000. Magnetar Financial LLC owned approximately 6.81% of HCM II Acquisition as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HOND. Schonfeld Strategic Advisors LLC acquired a new position in shares of HCM II Acquisition during the 4th quarter worth about $752,000. Whitebox Advisors LLC acquired a new position in shares of HCM II Acquisition during the 4th quarter worth about $4,008,000. AQR Arbitrage LLC acquired a new position in shares of HCM II Acquisition during the 4th quarter worth about $15,670,000. Bulldog Investors LLP acquired a new position in shares of HCM II Acquisition during the 4th quarter worth about $3,506,000. Finally, Centiva Capital LP acquired a new stake in shares of HCM II Acquisition in the 4th quarter valued at about $1,956,000.

HCM II Acquisition Stock Up 0.3%

Shares of NASDAQ HOND traded up $0.03 during trading hours on Wednesday, reaching $11.53. The stock had a trading volume of 90,612 shares, compared to its average volume of 310,811. HCM II Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $12.24. The firm has a 50-day moving average of $11.22 and a 200-day moving average of $10.95.

HCM II Acquisition 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.