---
title: "HCM III Acquisition - Unit | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283988184.md"
datetime: "2026-04-24T11:09:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283988184.md)
  - [en](https://longbridge.com/en/news/283988184.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283988184.md)
generator: "portal-rs"
---

# HCM III Acquisition - Unit | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 0.1.

EBIT: As of FY2025, the actual value is USD -5.226 M.

#### Segment Revenue

HCM III ACQUISITION CORP. had not commenced any operations or generated any revenues as of December 31, 2025, and does not expect to generate operating revenues until after the completion of its Business Combination, resulting in $0 revenue for the period.

#### Operational Metrics

For the period from April 15, 2025 (inception) through December 31, 2025, HCM III ACQUISITION CORP. reported a net income of $2,192,991. The loss from operations for the same period was - $914,236. The company recorded $440,000 in advisory fee reimbursable income and earned $4,298,929 from interest on marketable securities held in the Trust Account. Additionally, $12,798 was earned from interest on cash equivalents. General and administrative costs totaled $914,236, and the advisory fee expense was - $1,644,500.

#### Cash Flow

Cash used in operating activities for the period from April 15, 2025 (inception) through December 31, 2025, was - $355,263. Net cash used in investing activities amounted to - $253,000,000, primarily due to the investment of cash into the Trust Account. Net cash provided by financing activities was $254,370,545.

#### Unique Metrics

As of December 31, 2025, HCM III ACQUISITION CORP. held cash and cash equivalents of $1,015,282. Marketable securities held in the Trust Account totaled $257,298,929. Total transaction costs related to the Initial Public Offering were $17,106,910, comprising $4,400,000 in cash underwriting fees, $12,045,000 in deferred underwriting fees, and $661,910 in other offering costs. Class A Ordinary Shares subject to possible redemption were valued at $257,298,929 for 25,300,000 shares, at a redemption value of $10.17 per share.

#### Outlook / Guidance

HCM III ACQUISITION CORP. may require additional funding to cover operating expenditures and transaction costs for a Business Combination. Failure to secure further capital could lead to curtailment of operations, suspension of target search, or reduced overhead. Management’s primary strategy to address this uncertainty and substantial doubt about its going concern ability is to complete a Business Combination.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**