Recent Updates — HCAC

Hall Chadwick Acquisition Corp. entered into binding subscription agreements on September 30, 2026, for a $2.1 million PIPE investment in connection with its proposed business combination with REEcycle Holdings, Inc. The agreement involves the purchase of 210,000 shares at $10.00 per share by entities controlled or managed by Michael McMullen, Richard Albarran, and Drew Townsend. This initial funding is conditional upon the closing of the merger. On October 1, 2026, the company filed a Form S-4 registration statement with the SEC, which includes a preliminary proxy statement for shareholder approval. The combined entity will operate in the rare earth recycling industry, focusing on recovering neodymium and praseodymium from end-of-life magnets to support domestic supply chains.

On June 24, 2026, Hall Chadwick Acquisition Corp. appointed Stephanie Wei-Ni Wen, age 48, to its board of directors. Ms. Wen brings over 15 years of experience in corporate governance and cross-border transactions, having previously served as General Counsel and Company Secretary of Kingsgate Consolidated Limited. She will enter into the company's standard indemnification agreement for directors and officers. The company is a special purpose acquisition company (SPAC) designed to effect a business combination.

Hall Chadwick Acquisition Corp entered into a Business Combination Agreement with REEcycle Holdings, Inc. to merge, with REEcycle continuing as the surviving entity. The transaction features a purchase price of $400,000,000 and includes provisions for up to 6,250,000 earnout and deferred shares contingent on achieving specific performance milestones.