Hall Chadwick Acquisition Corp II (HCAX) IPO filing analysis

One-minute decisionBASIC RESEARCHSource completeness · 82%

IPO research

Hall Chadwick Acquisition Corp II is a pre-transaction SPAC proposing a $265 million unit IPO. It has no selected target, no operating business or revenue, and presents substantial dilution, sponsor-conflict, redemption and liquidation risks. Amendment No. 2 materially revises private-placement warrant allocations and updates financial information, including outstanding working-capital loans.

Hall Chadwick Acquisition Corp II proposes 26.5 million units at $10.00 each, with no target selected and an 18-month business-combination window after closing.

Where does the money go?Awaiting verificationS-1/A · 2026-08-04

Ownership and votingAwaiting verified holder data— economic · — voting

Next disclosed checkpointEffectiveness of the registration statement and closing of the proposed IPO; the filing does not provide a completed offering date.S-1/A · 2026-08-04

Capital destination

Awaiting verification

S-1/A · 2026-08-04

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · S-1/A ↗

Next checkEffectiveness of the registration statement and closing of the proposed IPO; the filing does not provide a completed offering date.

Latest filing2026-08-17

Capital destination

Awaiting verification

S-1/A · 2026-08-04

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · S-1/A ↗

BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters

NOT YET DISCLOSED

Names not yet published

Fully diluted valuation bridge

Status	Reference
Awaiting verification	Source ↗

Basic-price scenario

A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.

Check the source · S-1/A ↗

Holder data awaits verification

The sponsor holds 10.5 million Class B founder shares purchased for $25,000, with up to 1.225 million subject to forfeiture depending on the over-allotment. Class B holders control director appointment before the business combination. Non-managing sponsor investors indirectly hold interests but have no voting control. · 2026-08-04

The sponsor holds 10.5 million Class B founder shares purchased for $25,000, with up to 1.225 million subject to forfeiture depending on the over-allotment. Class B holders control director appointment before the business combination. Non-managing sponsor investors indirectly hold interests but have no voting control.

One disclosed holder; not a complete ownership distribution.Check the source · S-1/A ↗

Conditional lock-up timeline

Status	Reference
Awaiting verification	Source ↗

Financial quality and runway

Status	Reference
Awaiting verification	Source ↗

Latest filing update

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SEC filing history

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Risk 1

The sponsor and insiders may benefit from completing a transaction even if the post-combination company performs poorly because their founder shares were acquired at a nominal price.

Potential impact: Awaiting verification
Monitor: Effectiveness of the registration statement and closing of the proposed IPO; the filing does not provide a completed offering date.
Evidence: Summary of Risk Factors ↗

SEC EDGAR

S-1/A

2026-08-17

Open SEC filing ↗