Streetbeat News

HCMA

Hcm Acquisition Corp

Open

12.87

Mkt cap

204M

Volume

5.2K

High

14.83

P/E Ratio

120.83

52-wk high

16.28

Low

12.42

Div yield

N/A

52-wk low

3.60

Jabil Inc. shares fell over 14% after reporting Q2 results and FY25 guidance below estimates. Other stocks also showed significant movement, with notable gainers including Verb Technology and Better Therapeutics, and losers like C3is Inc. and SELLAS Life Sciences.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 6:31 pm

HCM Acquisition Corp. (HCMA) has filed a supplement to its proxy statement with the SEC, proposing to extend the deadline for a business combination from January 25, 2024, to February 25, 2024, with options to extend monthly up to April 25, 2024. The Sponsor agreed to increase the Monthly Contribution to the trust account managed by J.P. Morgan Wealth Management, which will now be held in a treasury securities cash management fund expected to earn 4.5% interest per annum. The company's Cayman Islands domicile means share redemptions are not subject to the Excise Tax from the Inflation Reduction Act of 2022. A shareholder meeting is scheduled to vote on the proposal.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:46 pm

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