Periscope Capital Inc. Invests $2 Million in HCM II Acquisition Corp. (NASDAQ:HOND)

Periscope Capital Inc. bought a new stake in shares of HCM II Acquisition Corp. (NASDAQ:HOND) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,004,000. HCM II Acquisition makes up approximately 1.2% of Periscope Capital Inc.’s holdings, making the stock its 29th largest holding. Periscope Capital Inc. owned approximately 0.70% of HCM II Acquisition as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in shares of HCM II Acquisition during the fourth quarter worth about $19,840,000. Wolverine Asset Management LLC purchased a new stake in HCM II Acquisition during the 4th quarter worth approximately $7,675,000. Deltec Asset Management LLC acquired a new position in HCM II Acquisition during the 4th quarter valued at approximately $1,503,000. Finally, Dakota Wealth Management purchased a new position in shares of HCM II Acquisition in the fourth quarter worth $1,037,000.

HCM II Acquisition Price Performance

NASDAQ:HOND opened at $10.15 on Monday. HCM II Acquisition Corp. has a 12 month low of $9.90 and a 12 month high of $10.48. The business’s fifty day moving average is $10.11.

HCM II Acquisition Company Profile

We are a blank check company incorporated on April 4, 2024 as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination.