HCM IV Acquisition Corp (NASDAQ: HACQ) is a blank check company incorporated as a Cayman Islands exempted corporation on September 5, 2025, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue. It holds funds raised through its Initial Public Offering in a Trust Account managed by Continental Stock Transfer & Trust Company, with interest earned on those funds representing its only financial activity prior to a business combination. HACQ completed its IPO in February 2026, including the full exercise of a 3,750,000-unit over-allotment option on February 13, 2026, raising gross proceeds subject to a 2.00% cash underwriting discount and a 4.50% deferred underwriting discount ($13,687,500 in aggregate) payable upon completion of a business combination. The company pays its Sponsor, HCM Investor Holdings IV, LLC, $35,000 per month for office space, utilities, and administrative support, beginning February 11, 2026.

Revenue model

No operating revenue. Pre-combination income is limited to interest earned on IPO proceeds held in the Trust Account. The company's economic event is the completion of a qualifying business combination.

Products and services

Blank check SPAC vehicle. Units consisting of ordinary shares and warrants, issued at $10.00 per Unit in the IPO. Warrant agreement administered by Continental Stock Transfer & Trust Company.

Customers and end markets

Public shareholders who participate in the IPO and any subsequent business combination. No identified target industry or end market disclosed in the 10-K filed 2026-03-30.

Value-chain role

Acquisition vehicle. Raises capital through a public offering, holds proceeds in trust, and seeks a qualifying business combination target. Post-combination, the surviving entity acquires 50% or more of the voting securities or a controlling interest in the target.

Geographic exposure

Incorporated in the Cayman Islands. No target geography specified as of the 10-K filed 2026-03-30.

Source: SEC 10-K, filed 2026-03-30

Industry: Blank Checks