MMCAP International Inc. SPC Makes New $10.31 Million Investment in HCM II Acquisition Corp. (NASDAQ:HOND)

Key Points

• MMCAP International Inc. SPC has invested approximately $10.31 million in HCM II Acquisition Corp. by acquiring 980,000 shares, which make up 1.8% of their investment portfolio.
• Shares of HCM II Acquisition Corp. (NASDAQ:HOND) opened at $10.88, with a 12-month trading range between $9.90 and $12.24.
• HCM II Acquisition Corp. operates as a blank check company aiming to engage in mergers or similar business combinations.

MMCAP International Inc. SPC bought a new stake in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 980,000 shares of the company's stock, valued at approximately $10,310,000. HCM II Acquisition comprises 1.8% of MMCAP International Inc. SPC's holdings, making the stock its 16th biggest holding. MMCAP International Inc. SPC owned approximately 3.41% of HCM II Acquisition at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Radcliffe Capital Management L.P. bought a new stake in shares of HCM II Acquisition in the 4th quarter worth approximately $134,000. Mizuho Securities USA LLC acquired a new stake in shares of HCM II Acquisition during the 1st quarter valued at about $271,000. Toronto Dominion Bank acquired a new stake in HCM II Acquisition during the fourth quarter valued at approximately $318,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of HCM II Acquisition in the 4th quarter worth about $752,000. Finally, Heights Capital Management Inc. acquired a new stake in shares of HCM II Acquisition during the 4th quarter worth about $802,000.

HCM II Acquisition Stock Performance

Shares of NASDAQ:HOND traded down $0.18 during midday trading on Thursday, reaching $11.54. The company's stock had a trading volume of 386,763 shares, compared to its average volume of 306,850. HCM II Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $12.24. The business's fifty day simple moving average is $11.22 and its 200-day simple moving average is $10.80.

About HCM II Acquisition

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.