Hall Chadwick has announced the successful completion of the US$207 million Initial Public Offering of its affiliate Hall Chadwick Acquisition Corp (Nasdaq: HCACU) on the Nasdaq Global Market. The newly formed special purpose acquisition company (SPAC) will target high-growth sectors critical to the clean energy transition, advanced manufacturing and the expanding global digital economy.
Hall Chadwick Acquisition Corp is structured to pursue assets and businesses operating across rare earths and critical minerals essential to electrification and defence; the semiconductor value chain from upstream inputs to midstream processing; and AI-driven industrial platforms supporting manufacturing, logistics and data infrastructure. The firm says Australia’s leadership in mining, combined with strong governance and resource stewardship, provides an ideal foundation for globally scalable businesses looking to access U.S. investors.
SPAC activity has returned sharply in the United States, with SPAC Research reporting US$23 billion raised across 112 SPACs as of 31 October 2025 — already exceeding the combined totals for 2023 and 2024. SPACs are on track to raise US$25 billion in 2025.
To mark the IPO, Hall Chadwick Managing Partner Richard Albarran (pictured) participated in the Nasdaq bell-ringing ceremony in New York. He said the launch reflects the firm’s long-standing commitment to supporting Australian companies with global ambitions. “Our deep relationships across the mining and resources sector, combined with our capital markets expertise, position us to guide companies on their journey to becoming world-class public enterprises. HCAC opens the door for high-quality projects to access U.S. investors and leverage opportunities created through these industries.”
Managing Partner Drew Townsend said the SPAC will allow Hall Chadwick to accelerate investment in sectors that underpin the future economy. “We’re proud to be driving this forward with a world-class team. Our experience across growth, restructuring, and international markets positions us very well to support projects in critical minerals and breakthrough technologies.”
Cohen & Company Capital Markets, the SPAC-focused division of U.S. investment bank Cohen & Company Securities, acted as lead book-running manager for the IPO. Managing Director Brandon Sun said the renewed U.S. focus on supply-chain resilience was creating significant opportunities for Australian-led ventures. “The United States’ growing appetite for rare earths and critical minerals underscores the strategic importance of securing reliable supply chains. Australia’s globally recognised resources position its assets as highly attractive for U.S. partners seeking long-term resilience.”
HCAC’s launch places Hall Chadwick among a growing group of Australian-linked firms looking to the U.S. public markets to accelerate new industrial capabilities, energy transition projects and advanced technology platforms.
