HCM IV Acquisition Corp. filed its Form 10-Q for the quarter ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 13, 2026, reporting financial results for the three and six months ended on that date following its February 2026 initial public offering.

Key Highlights

  • IPO completed February 13, 2026: The company sold 28,750,000 Units, including 3,750,000 Units from the full exercise of the underwriters' over-allotment option.
  • Trust Account balance: Cash and marketable securities held in the Trust Account totaled $291,161,379 as of June 30, 2026.
  • Class A redemption value: 28,750,000 Class A ordinary shares carried a redemption value of $10.13 per share as of June 30, 2026.
  • Q2 net income: The company reported net income of $1,889,014 for the three months ended June 30, 2026, driven primarily by $2,650,081 in interest earned on the Trust Account.
  • Six-month net loss: For the six months ended June 30, 2026, the company reported a net loss of $1,057,842, which included a $3,062,500 advisory fee expense.
  • Shareholders' deficit: Total shareholders' deficit stood at $(17,345,320) as of June 30, 2026, compared to $(34,655) as of December 31, 2025.
  • Shares outstanding: As of August 13, 2026, there were 28,750,000 Class A ordinary shares and 8,625,000 Class B ordinary shares issued and outstanding.

HCM IV Acquisition Corp. Q2 2026 Financial Results and Trust Account Status

According to the filing, HCM IV Acquisition Corp. (NASDAQ:HACQ) completed its initial public offering on February 13, 2026, raising proceeds that were placed into a Trust Account. As of June 30, 2026, the Trust Account held $291,161,379 in cash and marketable securities. The 28,750,000 Class A ordinary shares subject to possible redemption were carried at a redemption value of $10.13 per share on that date. The company also sold 4,666,666 Private Placement Warrants during the period, generating $7,000,000 in proceeds, and recorded a fair value of Public Warrants at issuance of $3,076,250.

For the three months ended June 30, 2026, the company reported net income of $1,889,014. General and administrative costs of $770,227 were more than offset by $2,650,081 in interest earned on the Trust Account and $9,160 in interest earned on the bank account. For the six-month period, a net loss of $1,057,842 was reported, as the $3,062,500 advisory fee expense and $1,667,968 in general and administrative costs exceeded $3,661,379 in Trust Account interest and $11,247 in bank account interest. Basic and diluted net income per share was $0.05 for both Class A and Class B shares for the three-month period, and a loss of $0.03 per share for both classes for the six-month period.

The balance sheet as of June 30, 2026 showed total assets of $292,145,034, compared to $160,959 as of December 31, 2025, reflecting the impact of the IPO proceeds. Total liabilities were $18,328,975, which included a deferred underwriting fee payable of $13,687,500 and a non-current advisory fee payable of $3,062,500. The accumulated deficit reached $(17,346,182) as of June 30, 2026. The company identified itself as a shell company, smaller reporting company, and emerging growth company in the filing.

What Was Disclosed

The filing covers HCM IV Acquisition Corp.'s unaudited financial statements for Q2 and the first half of 2026, detailing Trust Account balances, IPO completion, share redemption values, operating losses, and the company's shareholders' deficit position following its February 2026 IPO.