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March 20, 2024

HCM Acquisition Corp Closes de-SPAC with Murano Global Investments

King & Spalding advised HCM Acquisition Corp (NASDAQ: HCMA) as it closed on its de-SPAC transaction with Murano Global Investments, pursuant to which Murano went public via a business combination. The business combination will provide Murano with a new mechanism for the Company to raise capital, enhance its international profile and advance its growth plans. The combined company is named Murano Global Investments PLC and is now listed on the Nasdaq under the ticker symbols “MRNO” and “MRNOW”. Murano is a real estate company that owns, develops and invests in hotel, resort and commercial properties throughout Mexico. Murano’s portfolio includes the Hotel Andaz (operated by Hyatt) and Hotel Mondrian (operated by Accor) in Mexico City as well as luxury resort projects in Cancun, which include the 1,016 room Grand Island I hotel project opening in April 2024 under Hyatt’s Vivid and Dreams brands, and projects in Baja California. The King & Spalding team advising HCM on the de-SPAC transaction consisted of Kevin E. Manz, Tim FitzSimons, Patrick Benedetto, Michael Tyner, Savannah Padgett, John Morris and Catherine Behnke. Jonathan Talansky advised on tax matters.