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HCM IV Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing April 6, 2026

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HCM IV Acquisition Corp (NASDAQ: HACQU) announced that, commencing April 6, 2026, holders of units from its IPO may elect to separately trade the Class A ordinary shares and warrants included in each unit. Separated shares will trade as HACQ and whole warrants as HACQW. Units not separated will remain listed as HACQU. No fractional warrants will be issued on separation. The company noted this announcement is not an offer to sell or solicit an offer to buy its securities.

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Positive

  • Introduces separate liquidity channels by listing HACQ and HACQW
  • Preserves unit trading for undecided investors under HACQU

Negative

  • No fractional warrants will be issued, potentially reducing small-lot exercise flexibility

Norwalk, CT, April 02, 2026 (GLOBE NEWSWIRE) -- HCM IV Acquisition Corp. (NASDAQ: HACQU) (the “Company”) announced today that, commencing April 6, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq under the symbols “HACQ” and “HACQW,” respectively. Those units not separated will continue to trade on the Nasdaq under the symbol “HACQU.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About HCM IV Acquisition Corp.

HCM IV Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any business or industry or at any stage of its corporate evolution. Its primary focus, however, will be in completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.

The Company’s management team is led by Shawn Matthews, its Chairman of the Board and Chief Executive Officer, and Steven Bischoff, its President and Chief Financial Officer. The Company’s Board of Directors includes Michael J. Connor, Richard Donohoe and Thomas Sapio.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact:

Steven Bischoff
sbischoff@hondiuscapital.com


FAQ

When will HACQU units be eligible for separate trading as HACQ and HACQW?

Separate trading begins on April 6, 2026, allowing units to be split into shares and warrants. According to the company, holders may elect separation starting that date and then trade Class A shares as HACQ and warrants as HACQW on Nasdaq.

What symbols will HCM IV's separated securities trade under after April 6, 2026?

Separated Class A ordinary shares will trade as HACQ and warrants as HACQW. According to the company, units left intact will continue trading under the existing symbol HACQU on Nasdaq.

Will investors receive fractional warrants when separating HACQU units on April 6, 2026?

No, fractional warrants will not be issued upon separation of units. According to the company, only whole warrants will trade, so fractional entitlements will not be converted into tradable warrant instruments.

How does separate trading of HACQ and HACQW affect current HACQU unit holders?

Unit holders can choose to keep units trading as HACQU or elect to separate into HACQ and HACQW for distinct trading. According to the company, separation provides choice but eliminates fractional warrants and creates two distinct securities to manage.

Can holders still trade intact units of HCM IV after April 6, 2026?

Yes, units not separated will continue to trade under the symbol HACQU on Nasdaq. According to the company, only those units electing separation will result in the separate HACQ and HACQW listings.
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