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HCMA · Hcm III Acquisition Corp.

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$10.30 +0.03 (+0.29%) At close · Jul 28
Going-concern doubt — flagged May 14, 2026

Substantial doubt about the company's ability to continue as a going concern.

“Based on the Company's current liquidity position and projected operating costs, the Company may not have sufficient liquidity to meet its obligations for at least twelve months from the issuance date of the unaudited condensed financial statements. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern.”
View the 10-Q filed May 14, 2026
Market Cap
$347.45M
Shares
33.73M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

The Jun 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out.
Holders: 54
Total Value: $229,798,960
Total Shares: 22,778,251

Institutional Ownership Trend

4 quarters

Holder Concentration

Across 54 13F filers
Top Holder
9.1%
Sep 2025 → Mar 2026 · range 6.5% – 9.9%
of institutional value
Top 5
27.7%
Sep 2025 → Mar 2026 · range 25.5% – 35.9%
of institutional value
Top 10
49.4%
Sep 2025 → Mar 2026 · range 47.7% – 63.4%
of institutional value
HHI
372
Sep 2025 → Mar 2026 · range 348 – 511
Broadly held
Showing 54 of 54
All Common Calls Puts
Export CSV
Holder Value (USD) % of 13F Shares Open
Mid METEORA CAPITAL, LLC $20,936,916 9.11% 2,077,075
Mid Linden Advisors LP $12,096,000 5.26% 1,200,000
Large LMR Partners LLP $10,584,000 4.61% 1,050,000
Mid Governors Lane LP $10,171,274 4.43% 1,009,055
Small MMCAP International Inc. SPC $10,080,000 4.39% 1,000,000
Mid TENOR CAPITAL MANAGEMENT Co., L.P. $10,080,000 4.39% 1,000,000
Small HIGHBRIDGE CAPITAL MANAGEMENT LLC $10,080,000 4.39% 1,000,000
Large HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Pension $10,079,989 4.39% 999,999
Mid Magnetar Financial LLC $10,079,899 4.39% 999,990
Mid Saba Capital Management, L.P. $9,572,472 4.17% 949,650
Large Verition Fund Management LLC $9,492,608 4.13% 941,727
Mega TWO SIGMA INVESTMENTS, LP $8,038,800 3.50% 797,500
Small Mint Tower Capital Management B.V. $7,560,000 3.29% 750,000
Small Radcliffe Capital Management, L.P. $7,090,312 3.09% 703,404
Small HGC Investment Management Inc. $6,048,000 2.63% 600,000
Mid Alberta Investment Management Corp $5,544,000 2.41% 550,000
Small Context Capital Management, LLC $5,140,000 2.24% 500,000
Large PEAK6 LLC $5,039,989 2.19% 499,999
Mid PICTON MAHONEY ASSET MANAGEMENT $5,039,949 2.19% 499,995
Small Periscope Capital Inc. $4,536,000 1.97% 450,000
Mega MILLENNIUM MANAGEMENT LLC $4,442,760 1.93% 440,750
Mid GLAZER CAPITAL, LLC $4,136,892 1.80% 410,406
Mid BERKLEY W R CORP $3,915,142 1.70% 388,407
Mid AQR Arbitrage LLC $3,824,220 1.66% 379,387
Small BlueCrest Capital Management Ltd $3,528,000 1.54% 350,000
Mid BOOTHBAY FUND MANAGEMENT, LLC $3,003,426 1.31% 297,959
Mid MIZUHO SECURITIES USA LLC Broker-Dealer $2,570,000 1.12% 250,000
Mid Shaolin Capital Management LLC $2,520,000 1.10% 250,000
Small DLD Asset Management, LP $2,520,000 1.10% 250,000
Large Clear Street Group Inc. $2,478,934 1.08% 245,926
Large TORONTO DOMINION BANK Bank $2,167,200 0.94% 215,000
Large COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $2,055,979 0.89% 199,998
Small K2 PRINCIPAL FUND, L.P. $2,016,000 0.88% 200,000
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC $2,015,959 0.88% 199,996
Mid WOLVERINE ASSET MANAGEMENT LLC $1,325,590 0.58% 131,507
Mega BNP PARIBAS ARBITRAGE, SA $1,215,648 0.53% 120,600
Mid Virtu Financial LLC $1,049,479 0.46% 104,115
Mid HBK INVESTMENTS L P $1,008,020 0.44% 100,002
Mid MOORE CAPITAL MANAGEMENT, LP $1,008,000 0.44% 100,000
Mid WHITEBOX ADVISORS LLC $1,008,000 0.44% 100,000
Mid Galaxy Digital Inc. $1,008,000 0.44% 100,000
Mega UBS Group AG $721,627 0.31% 71,590
Mid READYSTATE ASSET MANAGEMENT LP $540,318 0.24% 53,603
Micro GRITSTONE ASSET MANAGEMENT LLC $504,000 0.22% 50,000
Large Hudson Bay Capital Management LP $504,000 0.22% 50,000
Mid Ghisallo Capital Management LLC $252,000 0.11% 25,000
Mid ARISTEIA CAPITAL, L.L.C. $252,000 0.11% 25,000
Mid Davidson Kempner Capital Management LP $252,000 0.11% 25,000
Mega JPMORGAN CHASE & CO $250,115 0.11% 24,813
Small ABC ARBITRAGE SA $205,600 0.09% 20,000
Small Rangeley Capital, LLC $126,302 0.05% 12,530
Small PenderFund Capital Management Ltd. $72,576 0.03% 7,200
Small FNY Investment Advisers, LLC $10,280 0.00% 1,000
Mega MORGAN STANLEY $685 0.00% 68
Key facts CIK 2069856 CUSIP G4365E103 13F (30d) 5 filings 5 filers

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