Hall Chadwick Acquisition Corp (HCAC) Form 10-Q — Aug 19, 2026
Hall Chadwick Acquisition Corp. posted Q2 2026 net income of $1.37 million, driven almost entirely by $1.86 million of dividend income on the $211.5 million held in its trust account, offset by $485,567 of formation and administrative costs. Only $35,741 of cash sits outside the trust. The SPAC has a signed business combination agreement, dated May 31, 2026, with REEcycle Holdings, Inc., a rare earth elements recycler recovering rare earths from end-of-life magnets via hydrometallurgical processing, and currently expects the deal to close in the fourth quarter of 2026.
Key figures
- Eps
- 0.09 Class A redeemable (Q2 2026); -0.06 Class B (Q2 2026)
- Net Income
- 1374238
- Cash Position
- 35741
- Shares Outstanding
- 21,314,000 Class A (incl. 20,700,000 subject to redemption) and 7,883,293 Class B as of August 13, 2026
- Ipo Units
- 20700000
- Ipo Price Per Unit
- 10
- Monthly Admin Fee
- 20000
- Ipo Gross Proceeds
- 207000000
- Ipo Transaction Costs
- 13598144
- Trust Account Balance
- 211478766
- Public Rights Fair Value
- 3630627
- Q2 Trust Dividend Income
- 1856718
- Deferred Underwriting Fee
- 8280000
- Implied De Spac Probability
- 17.0%
- Inception To Date Net Income
- 3679439
- Private Placement Proceeds
- 6140000
- Q2 Formation And Admin Costs
- 485567
- Underwriting Discounts Paid
- 4140000
- Working Capital Loan Conversion Cap
- 2500000
- Expected Business Combination Close
- Q4 2026
Price after filing
Close on the filing date to close N calendar days later (from $10.08). Historical, not a forecast.
AI analysis
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