HCM III Acquisition Corp. filed its Form 10-Q for the quarter ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 14, 2026, reporting financial results for the three and six months ended June 30, 2026.

Key Highlights

  • Trust Account Balance: Marketable securities held in the Trust Account totaled $261,800,278 as of June 30, 2026, up from $257,298,929 at December 31, 2025.
  • Redemption Value: The 25,300,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.35 per share as of June 30, 2026.
  • Net Income (Six Months): The company reported net income of $3,297,929 for the six months ended June 30, 2026, driven by interest earned on the Trust Account.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(13,991,268) as of June 30, 2026, compared to $(12,787,848) at December 31, 2025.
  • General and Administrative Costs: General and administrative costs were $1,218,314 for the six months ended June 30, 2026.
  • Shares Outstanding: As of August 14, 2026, there were 25,300,000 Class A ordinary shares and 8,433,333 Class B ordinary shares issued and outstanding.

HCM III Acquisition Corp. Q2 2026 Financial Position and Operating Results

According to the filing, HCM III Acquisition Corp. (NASDAQ:HCMA), a blank check company incorporated in the Cayman Islands, reported total assets of $262,586,018 as of June 30, 2026. The vast majority of assets consisted of marketable securities held in the Trust Account, which grew to $261,800,278 from $257,298,929 at December 31, 2025. Cash and cash equivalents decreased to $670,656 from $1,015,282 over the same period. The company reported net cash used in operating activities of $(344,626) for the six months ended June 30, 2026.

For the six months ended June 30, 2026, the filing disclosed net income of $3,297,929, with total other income of $4,516,243 comprised primarily of $4,501,349 in interest earned on marketable securities held in the Trust Account and $14,894 in interest earned on cash equivalents. These gains more than offset the $1,218,314 in general and administrative costs, which produced a loss from operations of $(1,218,314). For the three months ended June 30, 2026 alone, net income was $1,573,326. Basic and diluted net income per share was $0.10 for Class A and Class B ordinary shares for the six-month period.

The company's total liabilities were $14,777,008 as of June 30, 2026, including $12,045,000 in deferred underwriting fee payable and $1,204,500 in advisory fee payable, both unchanged from December 31, 2025. Accrued expenses rose to $1,452,508 from $589,831. The accumulated deficit widened to $(13,992,111) from $(12,788,691) at December 31, 2025, reflecting accretion adjustments for Class A ordinary shares to their redemption amount totaling $(4,501,349) for the six-month period. The registrant is classified as a shell company, a smaller reporting company, and an emerging growth company.

What Was Disclosed

HCM III Acquisition Corp. disclosed its unaudited condensed financial statements for the quarter and six months ended June 30, 2026, covering Trust Account balances, share redemption values, operating costs, net income, and changes in shareholders' deficit since inception on April 15, 2025.