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Murano PV, S.A. DE C.V. is set to go public through a merger with HCM Acquisition Corp (NASDAQ: HCMA), valuing the company at approximately $810 million with a pro forma share price of $10.00. The merger aims to enhance Murano's access to U.S. capital markets, accelerating its growth and ongoing development of luxury resorts in Cancun and Baja California, projected to total over 3,000 keys. The deal has been unanimously approved by both companies' boards, with completion expected by the end of Q3 2023. Existing Murano shareholders will roll their shares into the new entity, retaining about 85% ownership.
HCM Acquisition Corp (NASDAQ: HCMA) has announced an extraordinary general meeting of shareholders on December 20, 2022, to vote on three key proposals. The proposals include an Extension Amendment to prolong the deadline for completing a business combination to October 25, 2023, and a Trust Amendment to delay the liquidation of the trust account if a business combination isn't finalized by the Original Termination Date of April 25, 2023. Shareholders may also consider an Adjournment Proposal if necessary. The Board may abandon these proposals if certain redemption thresholds are not met.
HCM Acquisition Corp (Nasdaq: HCMAU) announced the successful closing of its initial public offering (IPO) on January 25, 2022, raising proceeds from 28,750,000 units sold at $10.00 each. The IPO included 3,750,000 units from the full exercise of the underwriter’s over-allotment option. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, set to be traded separately under the ticker symbols HCMA and HCMAW. The company aims to acquire businesses providing disruptive technology within the financial services sector.
