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Jaws Hurricane Acquisition Corp - HCNE

  • Commons

    $9.87

    -0.10%

    HCNE Vol: 306.0

  • Warrants

    $1.16

    -10.77%

    HCNEW Vol: 0.0

  • Units

    $10.07

    -0.10%

    HCNEU Vol: 0.0

Average: 0
Rating Count: 0
You Rated: Not rated

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SPAC Stats

Market Cap: 316.2M
Average Volume: 41.9K
52W Range: $9.50 - $10.22
Weekly %: +0.20%
Monthly %: +0.92%
Inst Owners: 0

Info

Target: Searching
Days Since IPO: 170
Unit composition:
Each unit has an offering price of $10.00 and consists of one share of Class A common stock and one-fourth of one redeemable warrant
Trust Size: 25000000.0M

🕵Stocktwit Mentions

Last10K posted at 2021-11-15T22:49:44Z

$HCNE just filed a 10-Q Quarterly Report with 35 sections and 4 exhibits. Access them all or just read their earnings: https://last10k.com/sec-filings/hcne/0001213900-21-059323.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=hcne

risenhoover posted at 2021-11-15T21:09:31Z

$HCNE / Jaws Hurricane Acquisition files form 10-Q https://fintel.io/sf/us/hcne?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=filing

Quantisnow posted at 2021-11-15T21:09:13Z

$HCNE 📜 SEC Form 10-Q filed by Jaws Hurricane Acquisition Corp. https://quantisnow.com/insight/2010063?s=s 45 seconds delayed.

Newsfilter posted at 2021-11-15T21:08:24Z

$HCNE Form 10-Q (quarterly report [sections 13 or 15(d)]) filed with the SEC https://newsfilter.io/a/6c2bec7db81d3137220488e2ca976e17

GilGalTrade posted at 2021-09-21T23:03:15Z

$JWSM Barry’s other SPACs, Hurricane & Juggernaut now have a ST page $HCNE & $JUGG. I’ve held JWSM since units, no pos yet in HCNE & JUGG, hoping for more of a dip in both commons and warrants. I’m sure Barry will deliver!

GilGalTrade posted at 2021-09-21T14:40:02Z

$CANO If anyone’s interested in Barry Sternlicht’s most recent SPACs (other than SPFR), I had a board created for them yesterday: $JUGG and $HCNE - neither have a target yet that I’m aware of, but both were green at various points during yesterday’s sell-off.

GilGalTrade posted at 2021-09-20T16:10:28Z

$JUGG $HCNE Info on both can be found here: https://jawsspac.com/jaws-juggernaut

GilGalTrade posted at 2021-09-20T16:08:59Z

$HCNE $JUGG Alright, Barry, do your magic!

Management

Our officers, directors and director nominees are as follows: Name Age Position Barry S. Sternlicht 60 Chairman Nominee Matthew Walters 34 Chief Executive Officer and Director Michael Racich 49 Chief Financial Officer Barry S. Sternlicht has agreed to serve as the Chairman of the board of directors of Jaws Hurricane and is a well-known entrepreneur and operator with an extensive deal-making history. He founded Starwood Capital in 1991 and currently serves as Chairman and Chief Executive Officer. Starwood Capital is a private alternative investment firm focused on global real estate, hotel management, oil and gas, and energy infrastructure with over $73 billion of assets under management as of December 31, 2020. Through the Starwood Capital platform, Mr. Sternlicht has created several multi-billion dollar public market companies, ranging from traditional real estate to branded hospitality. He has also executed several marquee public market transactions to enhance the scale of his core platform — including the creation and expansion of Starwood Property Trust (NYSE: STWD), the consolidation of Starwood Hotels & Resorts Worldwide (formerly NYSE: HOT), the spin-off and growth of Invitation Homes (NYSE: INVH), and the formation of Equity Residential (NYSE: EQR). Similarly, he has been involved in numerous private market consumer businesses as an early investor. Mr. Sternlicht currently serves as the Chairman and Chief Executive Officer of STWD, a leading, diversified real estate finance company with over $5 billion in market capitalization as of January 2021; and one of the first mortgage REITs launched post-crisis. Since inception in 2009, Mr. Sternlicht has guided STWD through a steady evolution with over $63 billion in deployed capital, evolving from a pure-play commercial lender to a diversified commercial REIT with residential lending, commercial mortgage servicing, property ownership, and infrastructure lending. Mr. Sternlicht also has deep operating expertise, serving as the Chairman, from January 1995 through May 2005, and as the Chief Executive Officer, from January 1995 through September 2004, of HOT; a period in which the share price appreciated at a compound annual growth rate of approximately 16%. Over his tenure as Chief Executive Officer, Mr. Sternlicht grew the total market capitalization of HOT to approximately $10 billion. As Chief Executive Officer, Mr. Sternlicht executed several key acquisitions, including Westin Hotels, Patriot American, and ITT Corp., and led the development of the W Hotel concept. Additionally, Mr. Sternlicht serves as Chairman of three public SPACs: Jaws Spitfire Acquisition Corporation (NYSE: SPFR), which successfully conducted its initial public offering (“IPO”) in December 2020, Jaws Acquisition Corp. (NYSE: JWS), which successfully conducted its IPO in May 2020, and Jaws Mustang Acquisition Corporation (NYSE: JWSM), which successfully conducted its IPO in February 2021. On November 12, 2020, Jaws Acquisition Corp. announced its merger with Cano Health, a primary care-centric, technology-powered healthcare delivery and population health platform. The combined company will operate as Cano Health, and will be listed on the NYSE under the new ticker symbol “CANO”. The business combination is expected to close in the end of the first quarter or the beginning of the second quarter of 2021, following the receipt of the required approval by Jaws Acquisition Corp.’s shareholders and the fulfillment of other customary closing conditions. Mr. Sternlicht is also a member of the board of directors of INVH, The Estée Lauder Companies Inc. (NYSE: EL), and A.S. Roma S.p.A. (MIB: ASR), and Vesper Healthcare Acquisition Corp. (Nasdaq: VSPR). We believe Mr. Sternlicht’s significant investment experience makes him well qualified to serve as a member of our board of directors. Matthew Walters is the Chief Executive Officer of Jaws Hurricane. Mr. Walters is also the Chief Executive Officer of Jaws Spitfire, the Chief Operating Officer of Jaws Mustang and a Principal at Jaws. He directs the private investment strategy with a particular emphasis on the consumer and technology sectors for Jaws. Jaws representative investments include Artsy, Away Luggage, Color Genomics, Delos Living, Didi, Domino’s China, Flaschenpost, Flipkart, Hyperloop, Illumio, Pre-IPO Lyft, Oscar Health, Oyo Rooms, Parachute Home, Qualia, Sarcos Robotics, Sweetgreen, Third Love and Wish. Prior to joining Jaws, Mr. Walters spent his entire career at L Catterton, the largest, most global consumer-focused private equity firm, where he worked on sourcing and investment strategy 103 Table of Contents for both the buyout and growth oriented funds. Mr. Walters sits on the board of Sempre Life and is a board observer at Bluestone Lane and Parachute Home. Mr. Walters received a B.A. from the University of Virginia and an M.S. in Finance from Fairfield University. We believe Mr. Walters’ significant investment experience makes him well qualified to serve as a member of our board of directors. Michael Racich is the Chief Financial Officer of Jaws Hurricane. Mr. Racich is also the Chief Financial Officer of Jaws Spitfire and Jaws Mustang. Since 2010, Mr. Racich has also served as the Chief Financial officer of Jaws. Previously, Mr. Racich was a director at Frydland Stevens LLC from 2007 to 2014 and also worked for Jaws from 2005 to 2007. While at Frydland Stevens LLC, Mr. Racich advised Jaws on tax related issues and was responsible for preparing Jaws’ tax filings. Mr. Racich graduated from Villanova University in 1994 with a Bachelor of Science in Accountancy. Number and Terms of Office of Officers and Directors Our board of directors is divided into three classes, with only one class of directors being elected in each year, and with each class (except for those directors appointed prior to our first annual general meeting) serving a three-year term. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, consisting of , will expire at our first annual general meeting. The term of office of the second class of directors, consisting of Matthew Walters, will expire at our second annual meeting of stockholders. The term of office of the third class of directors, consisting of Barry S. Sternlicht, will expire at our third annual meeting of stockholders. Prior to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. Pursuant to an agreement to be entered into on or prior to the closing of this offering, our sponsor, upon and following consummation of an initial business combination, will be entitled to nominate three individuals for appointment to our board of directors, as long as the sponsor holds any securities covered by the registration and stockholder rights agreement. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated certificate of incorporation as it deems appropriate. Our amended and restated certificate of incorporation will provide that our officers may consist of one or more chairman of the board, chief executive officer, president, chief financial officer, vice presidents, secretary, treasurer and such other offices as may be determined by the board of directors. Director Independence Nasdaq listing standards require that a majority of our board of directors be independent. Our board of directors has determined that , and are “independent directors” as defined in Nasdaq listing standards. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Executive Officer and Director Compensation None of our executive officers or directors have received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation, we will reimburse an affiliate of our sponsor for office space, secretarial and administrative services provided to us in the amount of $10,000 per month. In addition, our sponsor, executive officers and directors, or their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments 104 Table of Contents that were made by us to our sponsor, executive officers or directors, or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the company to our sponsor, executive officers and directors, or their respective affiliates, prior to completion of our initial business combination. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our stockholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our executive officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and a limited exception, the rules of Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Subject to phase-in rules and a limited exception, the rules of Nasdaq require that the compensation committee and the nominating committee of a listed company be comprised solely of independent directors. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. , and will serve as members of our audit committee. Our board of directors has determined that each of , and are independent under Nasdaq listing standards and applicable SEC rules. will serve as the Chairman of the audit committee. Each member of the audit committee is financially literate and our board of directors has determined that each of and qualify as an “audit committee financial expert” as defined in applicable SEC rules. The audit committee is responsible for: • meeting with our independent registered public accounting firm regarding, among other issues, audits, and adequacy of our accounting and control systems; • monitoring the independence of the independent registered public accounting firm; 105 Table of Contents • verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law; • inquiring and discussing with management our compliance with applicable laws and regulations; • pre-approving all audit services and permitted non-audit services to be performed by our independent registered public accounting firm, including the fees and terms of the services to be performed; • appointing or replacing the independent registered public accounting firm; • determining the compensation and oversight of the work of the independent registered public accounting firm (including resolution of disagreements between management and the independent registered public accounting firm regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; • establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies; • monitoring compliance on a quarterly basis with the terms of this offering and, if any noncompliance is identified, immediately taking all action necessary to rectify such noncompliance or otherwise causing compliance with the terms of this offering; and • reviewing and approving all payments made to our existing stockholders, executive officers or directors and their respective affiliates. Any payments made to members of our audit committee will be reviewed and approved by our board of directors, with the interested director or directors abstaining from such review and approval. Director Nominations We do not have a standing nominating committee though we intend to form a corporate governance and nominating committee as and when required to do so by law or Nasdaq rules. In accordance with Rule 5605 of Nasdaq rules, a majority of the independent directors may recommend a director nominee for selection by the board of directors. The board of directors believes that its independent director can satisfactorily carry out the responsibility of properly selecting or approving director nominees without the formation of a standing nominating committee. The director who will participate in the consideration and recommendation of director nominees is . In accordance with Rule 5605 of Nasdaq rules, such director is independent. As there is no standing nominating committee, we do not have a nominating committee charter in place. The board of directors will also consider director candidates recommended for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at the next annual meeting of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to nominate a director for election to our board of directors should follow the procedures set forth in our bylaws. We have not formally established any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for director, the board of directors considers educational background, diversity of professional experience, knowledge of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders. Compensation Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish a compensation committee of our board of directors. The members of our compensation committee will be and , and will serve as chairman of the compensation committee. 106 Table of Contents Under Nasdaq listing standards, we are required to have a compensation committee composed entirely of independent directors. Our board of directors has determined that each of and are independent. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee, including: • reviewing and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining and approving the remuneration (if any) of our Chief Executive Officer based on such evaluation; • reviewing and approving the compensation of all of our other Section 16 executive officers; • reviewing our executive compensation policies and plans; • implementing and administering our incentive compensation equity-based remuneration plans; • assisting management in complying with our proxy statement and annual report disclosure requirements; • approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our executive officers and employees; • producing a report on executive compensation to be included in our annual proxy statement; and • reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors. The charter will also provide that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC. Compensation Committee Interlocks and Insider Participation None of our executive officers currently serves, and in the past year has not served, as a member of the compensation committee of any entity that has one or more executive officers serving on our board of directors. Code of Ethics Upon the effectiveness of the registration statement of which this prospectus forms a part, we will have adopted a Cod

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q QUARTERLY REPORT 2021-11-15 https://www.sec.gov/Archives/edgar/data/1843205/000121390021059323/f10q0921_jawshurricane.htm
10-Q QUARTERLY REPORT 2021-08-16 https://www.sec.gov/Archives/edgar/data/1843205/000121390021042990/f10q0621_jaws.htm
8-K CURRENT REPORT 2021-08-02 https://www.sec.gov/Archives/edgar/data/1843205/000121390021039711/ea144933-8k_jawshurricane.htm
SC 13G SCHEDULE 13G 2021-07-09 https://www.sec.gov/Archives/edgar/data/1843205/000110465921090640/tm2121842d1_sc13g.htm
8-K CURRENT REPORT 2021-06-21 https://www.sec.gov/Archives/edgar/data/1843205/000121390021033401/ea142993-8k_jawshurricane.htm
8-K CURRENT REPORT 2021-06-16 https://www.sec.gov/Archives/edgar/data/1843205/000121390021032722/ea142789-8k_jawshurricane.htm
424B4 PROSPECTUS 2021-06-14 https://www.sec.gov/Archives/edgar/data/1843205/000121390021032298/f424b40621_jawshurricane.htm
EFFECT 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/999999999521002291/xslEFFECTX01/primary_doc.xml
S-1MEF REGISTRATION STATEMENT 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031985/ea142575-s1mef_jawshurr.htm
3 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031982/xslF345X02/ownership.xml
3 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031981/xslF345X02/ownership.xml
3 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031980/xslF345X02/ownership.xml
3 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031978/xslF345X02/ownership.xml
3 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031977/xslF345X02/ownership.xml
CERT 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000135445721000636/8A_Cert_HCNE.pdf
8-A12B FOR REGISTRATION OF CERTAIN CLASSES 2021-06-10 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031794/ea142500-8a12b_jawshurricane.htm
CORRESP 2021-06-09 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031616/filename1.htm
CORRESP 2021-06-09 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031615/filename1.htm
CORRESP 2021-06-08 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031508/filename1.htm
S-1/A REGISTRATION STATEMENT 2021-06-08 https://www.sec.gov/Archives/edgar/data/1843205/000121390021031505/fs12021a5_jawshurricane.htm
UPLOAD 2021-06-08 https://www.sec.gov/Archives/edgar/data/1843205/000000000021007075/filename1.pdf
S-1/A REGISTRATION STATEMENT 2021-06-03 https://www.sec.gov/Archives/edgar/data/1843205/000121390021030822/fs12021a4_jawshurricane.htm
S-1/A AMENDMENT NO. 3 TO FORM S-1 2021-04-08 https://www.sec.gov/Archives/edgar/data/1843205/000121390021020834/ea139265-s1a3_jawshurricane.htm
CORRESP 2021-04-06 https://www.sec.gov/Archives/edgar/data/1843205/000121390021020320/filename1.htm
S-1/A AMENDMENT NO. 2 TO FORM S-1 2021-04-06 https://www.sec.gov/Archives/edgar/data/1843205/000121390021020319/fs12021a2_jawshurricaneacq.htm
UPLOAD 2021-04-02 https://www.sec.gov/Archives/edgar/data/1843205/000000000021003971/filename1.pdf
S-1/A AMENDMENT NO. 1 TO FORM S-1 2021-03-19 https://www.sec.gov/Archives/edgar/data/1843205/000121390021016448/fs12021a1_jawshurricaneacq.htm
S-1 REGISTRATION STATEMENT 2021-02-25 https://www.sec.gov/Archives/edgar/data/1843205/000121390021011723/fs12021_jawshurricane.htm
DRS 2021-02-02 https://www.sec.gov/Archives/edgar/data/1843205/000121390021006216/filename1.htm