Jaws Hurricane Acquisition Corp
HCNE · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
The last figure filed while this was still a SPAC.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from Jaws (Racich Michael), listed on Nasdaq in June 2021. Each unit put $10.00 into the shareholders' cash account at listing; by the end it held $10.25 a share — interest earned on the account, plus any payments the sponsor made to extend the deadline, spread over the shares that never cashed out.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 14 June 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 1601 WASHINGTON AVENUE, SUITE 800, MIAMI, FL, 33139
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- STERNLICHT BARRY S (Director) · Racich Michael (Chief Financial Officer) · Appelbaum Andrew (Director)
- Listed securities
- HCNE common
As last filed, 20 June 2023. That was the account's last filed value before it was settled — the company does not hold it now.
source: 8-K acc 0001213900-23-050105
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
- $10.25 a share is the last cash figure filed while this was still a SPAC. It is a record of what the account held, not money anyone can ask for now.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 14 June 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsHCNE is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Jaws Hurricane Acquisition Corp was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker HCNE. The company priced its initial public offering on June 14, 2021, as reflected in a 424B prospectus, with a trust value at settlement of $10.25 per share. On June 20, 2023, Jaws Hurricane Acquisition Corp filed an 8-K announcing that it would redeem all of its outstanding shares of Class A common stock sold in the initial public offering, with the redemption expected to occur on June 23, 2023. The filing established that the company had liquidated and returned the trust cash to shareholders.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
With roughly $324.6 million still in trust the vehicle has taken no meaningful redemptions and the $10.26 per-share floor is fully funded, sitting four cents above the $10.22 market price so redemption is the better exit. The extension runs a full year to June 15, 2024, which means holders who stay give up their next scheduled decision point unless a deal is put to them. The redemption figure is stated net of expected taxes, so it is closer to what a holder actually receives than headline trust-divided-by-shares numbers.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
What changed: JAWS Hurricane Acquisition Corporation called a virtual special meeting for June 8, 2023 at 1:00 p.m. Eastern to extend the termination date from June 15, 2023 and to amend the June 15, 2021 trust agreement with Continental so the trustee's liquidation date moves from June 15, 2023 to June 15, 2024, or an earlier date the board determines. On May 16, 2023 the redemption price per share was approximately $10.26, based on approximately $324,614,686 on deposit including interest and net of expected franchise and income taxes, against a Nasdaq close of about $10.22. Why it matters: With roughly $324.6 million still in trust the vehicle has taken no meaningful redemptions and the $10.26 per-share floor is fully funded, sitting four cents above the $10.22 market price so redemption is the better exit. The extension runs a full year to June 15, 2024, which means holders who stay give up their next scheduled decision point unless a deal is put to them. The redemption figure is stated net of expected taxes, so it is closer to what a holder actually receives than headline trust-divided-by-shares numbers.
- What changed vs 2022-11-14trust $318.3M → $323.3M +2%
trust account, combination deadline, going-concern doubt +31 moved · 5 with no prior record of ours
- Trust account
- $318.3M$323.3M
- Combination deadline
- 2023-06-15 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $174K · unchanged
- Mandate language
- we intend to focus on industries that complement our managem… · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $5,024,910 was added to the trust between the two filings.
The clause …“assets 317,245 392,850 Total current assets 1,019,991 483,889 Investments held in Trust Account 323,278,996 320,784,859 TOTAL ASSETS $ 324,298,987 $ 321,268,748 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
The clause …“be able to consummate a Business Combination by the specified period. If a Business Combination is not consummated by June 15, 2023, there will be a mandatory liquidation and subsequent dissolution. The liquidity condition and date”…
The clause …“condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern one year from the date that these financial statements are issued. These”…
The clause …“which the Company determined not to conduct the Initial Public Offering. The outstanding balance under the Promissory Note of $ 174,494 was repaid at the closing of the Initial Public Offering on June 15, 2021. Working Capital Loans –”…
The clause …“200,000,000 shares authorized; - 0 - shares issued and outstanding (excluding 31,625,000 shares subject to possible redemption) at March 31, 2023, and December 31, 2022 - - Class B Common Stock; $ 0.0001 par value; 20,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-03-31trust $316.3M → $320.8M +1%deadline 2023-06-14 → 2023-06-15going concern APPEARED
trust account, combination deadline, going-concern doubt +33 moved · 3 with no prior record of ours
- Trust account
- $316.3M$320.8M
- Combination deadline
- 2023-06-142023-06-15
- Going-concern doubt
- not statedstated
- Sponsor loans outstanding
- $174K · unchanged
- Mandate language
- We intend to focus our efforts on identifying a prospective … · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $4,506,334 was added to the trust between the two filings.
The clause …“assets 483,889 793,971 Prepaid expenses – non current - 377,828 Investments held in Trust Account 320,784,859 316,278,525 TOTAL ASSETS $ 321,268,748 $ 317,450,324 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
SpacBrain reads this as 1 days later than the previous record.
The clause …“be able to consummate a Business Combination by the specified period. If a Business Combination is not consummated by June 15, 2023, there will be a mandatory liquidation and subsequent dissolution. The liquidity condition and date”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern one year from the date that these financial statements are issued. These”…
The clause …“which the Company determined not to conduct the Initial Public Offering. The outstanding balance under the Promissory Note of $ 174,494 was repaid at the closing of the Initial Public Offering on June 15, 2021. Working Capital Loans –”…
The clause …“200,000,000 shares authorized; - 0 - shares issued and outstanding (excluding 31,625,000 shares subject to possible redemption) at December 31, 2022 and 2021 - - Class B Common Stock; $ 0.0001 par value; 20,000,000 shares authorized;”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-08-15trust $316.6M → $318.3M +1%
trust account, combination deadline, going-concern doubt +31 moved · 5 with no prior record of ours
- Trust account
- $316.6M$318.3M
- Combination deadline
- 2023-06-15 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $174K · unchanged
- Mandate language
- we intend to focus on industries that complement our managem… · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $1,640,065 was added to the trust between the two filings.
The clause “760 Total current assets 543,919 793,971 Prepaid expenses - 377,828 Investments held in Trust Account 318,254,086 316,278,525 TOTAL ASSETS $ 318,798,005 $ 317,450,324 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
The clause …“be able to consummate a Business Combination by the specified period. If a Business Combination is not consummated by June 15, 2023, there will be a mandatory liquidation and subsequent dissolution. The liquidity condition and date”…
The clause …“condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern one year from the date that these financial statements are issued. These”…
The clause …“which the Company determined not to conduct the Initial Public Offering. The outstanding balance under the Promissory Note of $ 174,494 was repaid at the closing of the Initial Public Offering on June 15, 2021. On February 23, 2022,”…
The clause …“200,000,000 shares authorized; - 0 - shares issued and outstanding (excluding 31,625,000 shares subject to possible redemption) at September 30, 2022, and December 31, 2021 - - Class B Common Stock; $ 0.0001 par value; 20,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-05-13trust $316.3M → $316.6M +0%deadline 2023-06-14 → 2023-06-15going concern APPEARED
trust account, combination deadline, going-concern doubt +33 moved · 3 with no prior record of ours
- Trust account
- $316.3M$316.6M
- Combination deadline
- 2023-06-142023-06-15
- Going-concern doubt
- not statedstated
- Sponsor loans outstanding
- $174K · unchanged
- Mandate language
- we intend to focus on industries that complement our managem… · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $271,721 was added to the trust between the two filings.
The clause …“current assets 559,861 793,971 Prepaid expenses 132,714 377,828 Investments held in Trust Account 316,614,021 316,278,525 TOTAL ASSETS $ 317,306,596 $ 317,450,324 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
SpacBrain reads this as 1 days later than the previous record.
The clause …“be able to consummate a Business Combination by the specified period. If a Business Combination is not consummated by June 15, 2023, there will be a mandatory liquidation and subsequent dissolution. The liquidity condition and date”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern one year from the date that these financial statements are issued. These”…
The clause …“which the Company determined not to conduct the Initial Public Offering. The outstanding balance under the Promissory Note of $ 174,494 was repaid at the closing of the Initial Public Offering on June 15, 2021. On February 23, 2022,”…
The clause …“200,000,000 shares authorized; - 0 - shares issued and outstanding (excluding 31,625,000 shares subject to possible redemption) at June 30, 2022, and December 31, 2021 - - Class B Common Stock; $ 0.0001 par value; 20,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Deal completion: 0/2 resolved vehicles closed a deal (0%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
Mixed record · low confidence
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
That was the figure at listing. It is $10.25 a share today — interest on the account, plus any sponsor payments made to extend the deadline, spread over the shares that never cashed out. Unit: U = S + W · 100.0% of the $10 unit
from 424B4 0001213900-21-032298
Trading & liquidity
Company profile
Directors & officers
- STERNLICHT BARRY SDirector
- Racich MichaelChief Financial Officer
- Appelbaum AndrewDirector
- Weprin BenjaminDirector
- Dhody SanjanDirector
- Walters Matthew JosephCEO and Director
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
2 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Hurricane Sponsor LLCwith 1 other reporting person on the same schedule26.8% · SC 13G/AFeb 13, 2023 stale
- CITADEL ADVISORS LLCwith 6 other reporting persons on the same schedule3.6% · SC 13G/AFeb 14, 2023 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — HCNE (Jaws Hurricane Acquisition Corp)
vault-note · /vault/tickers/HCNE
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-21-032298 priced 2021-06-14; common ticker HCNE off 8-K 0001213900-23-050105 (2023-06-20); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001213900-23-050105 (2023-06-20) — announced redemption of all public shares: “…will redeem all of its outstanding shares of Class A common stock, par value $0.0001 per share (the "Public Shares"), previously sold in its initial public offering. On June 20, 2023, the Company issued a press release announcing that it expects the redemption of the Public Shares to occur on June 23, 2023 and the per-…”. Trust at settlement $10.25/share, stated in that filing. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Hurricane Sponsor LLC" (SEC CIK 0001843206) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-031980.