HCM III ACQUISITION CORP. (HCMA) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
HCMA currently has 25.3M outstanding shares. with moderate dilution risk from 8.43M authorized shares representing 33.3% potential dilution. The company has significantly diluted shareholders by 200.0% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 25.3M shares outstanding |
25M | 8.4M |
| Nov 14, 2025 |
10-Q filing | 25.3M shares outstanding |
25M | 8.4M |
| Aug 19, 2025 |
8-K filing: HCM III Acquisition Corp. consummated its initial public offering of 25,300,000 units at $10.00 per unit and completed a private placement of 4,266,667 warrants to HCM Investor Holdings III, LLC and Cantor Fitzgerald & Co. at $1.50 per warrant. ($259.4M proceeds) |
8.4M | 8.4M |
| Jul 30, 2025 |
S-1/A filing: This S-1/A filing details the registration of securities, including founder shares and Class B ordinary shares, issued in connection with the company's organization. It also outlines expenses related to the offering and discusses indemnification of directors and officers. |
8.4M | 8.4M |
| Jul 23, 2025 |
S-1/A filing: HCM III Acquisition Corp. is offering 22,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. |
8.4M | 26M |
| Jul 11, 2025 |
S-1/A filing: This S-1/A filing registers the offering of 22,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-third of a warrant, along with the simultaneous private placement of warrants to the sponsor and Cantor Fitzgerald & Co. |
8.4M | 26M |
| Jun 06, 2025 |
S-1 filing: HCM III Acquisition Corp. is offering 22,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant, in an initial public offering. |
8.4M | 26M |