Hall Chadwick Acquisition Corp (HCAC) Form 8-K — Oct 2, 2026
Hall Chadwick Acquisition Corp. (Nasdaq: HCAC) executed binding PIPE subscription agreements on September 30, 2026, for 210,000 shares at $10.00 per share, generating $2.1 million in committed gross proceeds tied to its pending merger with REEcycle Holdings. The PIPE subscribers are entities controlled by REEcycle director Michael McMullen and two HCAC advisors (Richard Albarran and Drew Townsend), with Cohen & Company Capital Markets acting as placement agent. The broader PIPE is indicatively sized up to ~$50M, sized only to the extent of shareholder redemptions, to help meet a $40M minimum cash condition.
Key figures
- Gross Proceeds
- 2100000
- Offering Price
- 10
- Shares Offered
- 210000
- Revenue 2029e usd
- $144.1M
- S4 illustration usd
- ~$51.8M (5,180,000 shares at 100% redemptions)
- Adj ebitda margin 2029e
- ~53.8%
- Implied reecycle ev usd
- $400M
- Revenue cagr 2027 2029e
- ~164%
- Indicative pipe size usd
- ~$50M
- Minimum cash condition usd
- 40000000
AI analysis
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