Transaction Details

Footnotes

The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Connor's service on the Issuer's Board of Directors. | As contemplated by the securities purchase agreement between HCM Investor Holdings IV, LLC (the "Sponsor") and Mr. Connor, dated February 11, 2026, the Sponsor assigned 25,000 Class B ordinary shares to Mr. Connor in connection with Mr. Connor's appointment to the Issuer's Board of Directors.