HHG Capital Corporation
HHGCW
NASDAQ Global Market0.01
USD
+0.00
- -
CIK
0001822886
ISIN
VGG4R23P1293
Return %
Stock
S&P500
1Y
-90.52
18.21
3Y
-98.67
64.38
5Y
-98.67
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Chee Shiong Kok
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- IPO Date
- Sep 23, 2021
- CIK
- 0001822886
- Similar Companies
- Business
- HHG Capital Corporation is a blank check company whose sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. Incorporated in 2020 and headquartered at 1 Commonwealth Lane #03-20, Singapore 149544, the company focuses its search on industries complementary to its management team's background, including those with established operations and strong free cash flow; it currently conducts no significant operations and generates no revenue. Led by Chief Executive Officer Chee Shiong (Keith) Kok and Chief Financial Officer Shuk Man (Lora) Chan, HHG Capital listed on Nasdaq via an initial public offering in September 2021, raising approximately $57.5 million, with ordinary shares (HHGC), units (HHGCU), and warrants (HHGCW) trading separately. The company maintains a trust account holding proceeds from its IPO, supplemented by ongoing monthly extension payments of approximately $0.0333 per unredeemed public share since September 2022 to provide additional time for completing an initial business combination. In August 2023, HHG Capital signed a definitive merger agreement with Perfect Hexagon Group Limited, a commodities trading firm specializing in precious and base metals, market making, physical commodities including palm oil and carbon credits, petroleum products, and hedging services across multiple jurisdictions such as Singapore, Malaysia, Thailand, China, Australia, Bolivia, and London; the deal contemplated forming Perfect Hexagon Holdings Limited (PHGL) with an expected Nasdaq listing in Q4 2023, supported by HHG's approximately $35 million trust and a planned PIPE financing, with Perfect Hexagon's equity holders rolling 100% into the combined entity under a one-year lock-up for co-founders. As of late 2025, the proposed business combination with Perfect Hexagon remains pending without completion, prompting repeated trust extensions through at least September 2024 and continued efforts to finalize a transaction amid customary conditions including shareholder approval, SEC review of Form F-4 registration materials, regulatory clearances, and Nasdaq listing approval. HHG Capital employs two staff and operates within the shell companies segment of the financials sector, targeting opportunities in Asia and related regions while preserving sponsor promote interests and public shareholder redemption rights. No additional funding rounds, new product launches, or operational shifts beyond extension activities have been reported in the past 1-2 years.