A Brief History of JAWS Hurricane Acquisition Corporation (HCNE)

JAWS Hurricane Acquisition Corporation (HCNE) is a special purpose acquisition company (SPAC) focused on acquiring a company that operates in the energy, industrial, and infrastructure sectors. The company was founded by JAWS Estates Capital Partners (JAWS) and Fogo Power (Fogo) in November 2020.

• November 2020: JAWS Hurricane Acquisition Corporation was founded by JAWS Estates Capital Partners and Fogo Power.
• March 2021: The company completed its initial public offering (IPO) and began trading on the NASDAQ under the ticker symbol HCNE.
• June 2021: JAWS Hurricane Acquisition Corporation announced a merger agreement with a target company in the energy sector.

Through its partnerships and experienced leadership team, JAWS Hurricane Acquisition Corporation aims to identify and acquire a target company with strong growth potential and a solid foundation in the energy, industrial, or infrastructure sectors. The company is committed to creating long-term value for its shareholders through strategic acquisitions and operational excellence.

Who Owns JAWS Hurricane Acquisition Corporation (HCNE)

JAWS Hurricane Acquisition Corporation (HCNE) is owned by JAWS Estates Capital, a private investment firm co-founded by Barry Sternlicht and Joseph L. Dowling. Barry Sternlicht is a well-known figure in the real estate and hospitality industries, having founded Starwood Capital Group, a global investment firm. Joseph L. Dowling is a seasoned executive with vast experience in finance and investment management.

JAWS Estates Capital was founded with the goal of identifying and investing in attractive business opportunities, with a focus on companies in the real estate, hospitality, technology, and wellness sectors. The firm's deep industry knowledge and network of contacts have enabled them to successfully identify and acquire companies with strong growth potential.

Through their ownership of JAWS Hurricane Acquisition Corporation, JAWS Estates Capital aims to leverage their expertise and resources to drive growth and create value for their shareholders. The company's strategic vision and operational excellence make them well-positioned to capitalize on opportunities in the market and deliver long-term sustainable returns.

• Owned by JAWS Estates Capital, a private investment firm
• Co-founded by Barry Sternlicht and Joseph L. Dowling
• Focus on real estate, hospitality, technology, and wellness sectors
• Strategic vision and operational excellence drive growth and create value

JAWS Hurricane Acquisition Corporation (HCNE) Mission Statement

At JAWS Hurricane Acquisition Corporation (HCNE), our mission is to identify and acquire a high-quality business that will benefit from our strategic and operational expertise. We are committed to maximizing value for our shareholders by partnering with a company that has strong growth potential and a solid business model.

Our dedicated team is focused on conducting thorough due diligence to ensure that we select the right target for acquisition. We strive to create a long-term partnership with the acquired company, providing resources and guidance to help it reach its full potential.

Transparency, integrity, and accountability are core values that drive our decision-making process. We are committed to creating value for all stakeholders, including shareholders, employees, customers, and the communities in which we operate.

Through our strategic approach and commitment to excellence, we aim to become a trusted partner for businesses looking to accelerate their growth and achieve long-term success.

How JAWS Hurricane Acquisition Corporation (HCNE) Works

JAWS Hurricane Acquisition Corporation (HCNE) is a special purpose acquisition company (SPAC) that operates by raising funds through an initial public offering (IPO) to acquire an existing company. The goal of HCNE is to find a suitable target company to merge with and take public within a specific timeframe.

Here is a breakdown of how JAWS Hurricane Acquisition Corporation works:

• Initial Public Offering (IPO): HCNE raises funds through an IPO by selling shares to investors. The funds raised are placed in a trust account while the company looks for a potential target for acquisition.
• Merging with a Target Company: HCNE's management team identifies a suitable target company to merge with based on specified criteria such as industry, growth potential, and financial performance.
• Due Diligence: Before finalizing the acquisition, HCNE conducts thorough due diligence to assess the target company's financial health, operations, and growth prospects.
• Business Combination: Once the due diligence is complete and both parties agree on the terms, HCNE merges with the target company, allowing it to go public without undergoing a traditional IPO process.
• Post-Merger Operations: After the merger, the combined entity operates as a publicly traded company, with HCNE shareholders owning a portion of the new entity. The management team of the target company usually continues to lead the business post-merger.

Overall, JAWS Hurricane Acquisition Corporation (HCNE) works by leveraging funds raised through an IPO to acquire a target company, facilitating its transition to becoming a publicly traded entity.

How JAWS Hurricane Acquisition Corporation (HCNE) Makes Money

JAWS Hurricane Acquisition Corporation (HCNE) generates revenue through several avenues, including:

• Initial Public Offering (IPO): As a special purpose acquisition company (SPAC), JAWS Hurricane Acquisition Corporation raises capital through an IPO. Investors purchase shares in the company with the expectation that the funds will be used to acquire another business.
• Merger or Acquisition: Once the SPAC has raised sufficient capital, it will seek to merge with or acquire a private company. This transaction typically involves a large cash payment from the SPAC to the target company's shareholders.
• Equity Stake: After the merger or acquisition is completed, JAWS Hurricane Acquisition Corporation will own a significant equity stake in the newly combined entity. This stake may appreciate in value over time, allowing the company to profit from the success of the acquired business.
• Management Fees: JAWS Hurricane Acquisition Corporation may also collect management fees for overseeing the acquisition process and managing the company's operations post-merger.
• Performance Fees: In some cases, the SPAC may be entitled to performance fees based on the success of the acquisition. These fees are typically tied to specific financial milestones, such as share price performance or revenue targets.