Murano PV, S.A. DE C.V., a Mexican Development Company, to Become a Public Company Through Business Combination with HCM Acquisition Corp

Provided By Globe Newswire

Last update: Mar 14, 2023

MEXICO CITY, March 14, 2023 (GLOBE NEWSWIRE) -- Murano PV, S.A. DE C.V. (“Murano,” or the “Company”) today announced its plan to go public via a business combination with HCM Acquisition Corp (NASDAQ: HCMA) (“HCMA” or “HCM”), which values the Company at a pro forma enterprise value of approximately $810 million, assuming a value of $10.00 per share and approximately 85% redemptions. The proposed business combination will permit Murano access to U.S. capital markets to accelerate its growth and finance its development plans. Upon the closing of the transaction, the combined company will do business under the name Murano Group Hospitality.