Murano and HCM Acquisition Close Business Combination

Murano Global Investments said it completed its business combination with HCM Acquisition. Murano is a headquartered company that owns, develops and invests in hotel, resort and commercial properties throughout Mexico.

The deal was approved by HCM stockholders March 5.

Murano Global Investments stock and began trading today on the under the ticker symbols MRNO and MRNOW.

Murano develops properties in North and Central America, with a portfolio and range of completed projects that include marinas, hotels, condominiums, and apartment complexes. Murano has three luxury resort venues in development in Cancun, with more than 3,000 keys. Operations are scheduled to commence in phases, with the first phase to open in the third quarter of 2023 and full operation expected in 2027. 

HCM Acquisition raised $287.5 million in a January 2022 IPO with plans at that time to fintech companies. Read more.

Source: Murano and HCM Acquisition Close Business Combination