HCM II Acquisition Corp. has announced a regulatory issue regarding the reliability of its previously issued financial statements. The company's audit committee has determined that the consolidated financial statements for the year ended December 31, 2024, and the unaudited condensed consolidated financial statements for the quarter ended March 31, 2025, should no longer be relied upon. This decision stems from an error in the disclosure of a related party transaction, incorrectly identifying the underwriter of the company's initial public offering as a related party. HCM II plans to restate these financial statements in amended reports as soon as possible. The company is working with its independent accounting firm, WithumSmith+Brown, PC, to address the issue, though a timeline for completion has not been provided.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HCM II Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-064264), on July 15, 2025, and is solely responsible for the information contained therein.
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