| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HCMA | Class B Ordinary Shares | Other | -$300 | -75K | -1.3% | $0.00 | 5.68M | Aug 19, 2024 | Class A Ordinary Shares | 75K | See Footnote | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. |
| F2 | In connection with the Issuer's initial public offering and the appointment of Messrs. Andrew Brenner, Michael Connor, and Jacob Loveless to the Issuer's Board of Directors, HCM Investor Holdings II, LLC (the "Sponsor") assigned 25,000 Class B ordinary shares to each of Messrs. Andrew Brenner, Michael Connor, and Jacob Loveless. |
| F3 | These Class B ordinary shares are held directly by the Sponsor, acquired pursuant to a subscription agreement dated as of April 4, 2024 by and among the Sponsor and the registrant and a share capitalization authorized by the SPAC on April 4, 2024. Shawn Matthews, the Chairman and Chief Executive Officer of the registrant, is the managing member of the Sponsor. Mr. Matthews has sole voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Mr. Matthews disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest. |