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Summary of Significant Accounting Policies (Tables) - HCM II Acquisition Corp

9 Months Ended

Sep. 30, 2025

Dec. 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Basic and Diluted Net Income Per Ordinary Share

The following tables reflect the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):


		For the
		Three Months Ended						For the Nine Months Ended
		September 30, 2025						September 30, 2025
		Class A			Class B			Class A			Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income		$	1,542,271		$	385,568		$	2,575,092		$	643,773
Denominator:
Basic weighted average shares outstanding			23,000,000			5,750,000			23,000,000			5,750,000
Basic and diluted net income per ordinary share		$	0.07		$	0.07		$	0.11		$	0.11


		For the Three Months
		Ended						For the Period from April 4, 2024
		September 30, 2024						(Inception) Through September 30, 2024
		Class A			Class B			Class A			Class B
Basic net income per ordinary share
Numerator:
Allocation of net income		$	694,846		$	376,375		$	498,886		$	519,672
Denominator:
Basic weighted average shares outstanding			10,615,385			5,750,000			5,396,648			5,621,508
Basic net income per ordinary share		$	0.07		$	0.07		$	0.09		$	0.09


		For the Three Months
		Ended						For the Period from April 4, 2024
		September 30, 2024						(Inception) Through September 30, 2024
		Class A			Class B			Class A			Class B
Diluted net income per ordinary share
Numerator:
Allocation of net income		$	694,846		$	376,375		$	510,005		$	508,553
Denominator:
Diluted weighted average shares outstanding			10,615,385			5,750,000			5,396,648			5,621,508
Diluted net income per ordinary share		$	0.07		$	0.07		$	0.09		$	0.09

The following tables reflect the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):


		For the Period from April 4, 2024
		(Inception) Through
		December 31,
		2024
		Class A			Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income		$	2,325,597		$	1,083,191
Denominator:
Basic weighted average shares outstanding			11,372,694			5,297,048
Basic net income per ordinary share		$	0.20		$	0.20

Schedule of Class A Ordinary Shares Subject to Redemption

As of September 30, 2025 and December 31, 2024, the Class A ordinary shares subject to redemption reflected in the condensed consolidated balance sheets are reconciled in the following table:


Gross proceeds		$	230,000,000
Less:
Proceeds allocated to Public Warrants			(529,000)
Class A ordinary shares issuance costs			(15,341,097)
Plus:
Accretion of carrying value to redemption value			21,063,682
Class A ordinary shares subject to possible redemption, December 31, 2024			235,193,585
Plus:
Accretion of carrying value to redemption value			2,462,864
Class A ordinary shares subject to possible redemption, March 31, 2025			237,656,449
Plus:
Accretion of carrying value to redemption value			2,477,726
Class A ordinary shares subject to possible redemption, June 30, 2025			240,134,175
Plus:
Accretion of carrying value to redemption value			2,508,797
Class A ordinary shares subject to possible redemption, September 30, 2025		$	242,642,972


Gross proceeds		$	230,000,000
Less:
Proceeds allocated to Public Warrants			(529,000)
Class A ordinary shares issuance costs			(15,341,097)
Plus:
Accretion of carrying value to redemption value			21,063,682
Class A ordinary shares subject to possible redemption, December 31, 2024		$	235,193,585

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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