# EDGAR Filing Document

**Accession Number:** 0001711200
**File Stem:** 0001711200-25-000003
**Filing Date:** 2025-8
**Character Count:** 15253
**Document Hash:** 78f2245d5ed61d2595b793dd14207b4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001711200-25-000003.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001711200-25-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HGC Investment Management Inc.
- **CENTRAL INDEX KEY:** 0001711200

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18120
- **FILM NUMBER:** 251219930

**BUSINESS ADDRESS:**
- **STREET 1:** 1027 YONGE ST
- **STREET 2:** SUITE 301
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W 2K9
- **BUSINESS PHONE:** 6477762200

**MAIL ADDRESS:**
- **STREET 1:** 1027 YONGE ST
- **STREET 2:** SUITE 301
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W 2K9

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HGC Investment Management Inc.<br>**Address:** 1027 YONGE ST<br>SUITE 301<br>TORONTO, A6 M4W 2K9

**Form 13F File Number:** 028-18120

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Stuart Grant<br>**Title:** CCO/COO<br>**Phone:** 6477762194

**Signature, Place, and Date of Signing:**

Stuart Grant  Toronto, A6  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 102

**Form 13F Information Table Value Total:** $359927521

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AA MISSION ACQUISITION COR-A | ORD SHS CL A | G1000R101 |  | 17766100 | 1705000 | SH |  | SOLE |  | 1705000 | 0 | 0 |
| AFRICAN AGRICULTURE INC | COM | 00792J100 |  | 1680 | 168036 | SH |  | SOLE |  | 168036 | 0 | 0 |
| AI TRANSPORTATION ACQUIS-RTS | RIGHT 09/01/2028 | G01490104 |  | 0 | 129311 | SH |  | SOLE |  | 129311 | 0 | 0 |
| ALPHAVEST ACQUISITION CO-RT | RIGHT 12/22/2024 | G0283A116 |  | 60000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| ARMADA ACQUISITION CORP II | UNIT 05/21/2030 | G0R38G120 |  | 2552500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| ARTIUS II ACQUISITION INC | UNIT 11/27/2029 | G0509J107 |  | 15495000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| AXIOM INTELLIGENCE ACQUISITI | UNIT 06/10/2030 | G0750N120 |  | 3531500 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| BAYVIEW ACQUISITION CORP | RIGHT 99/99/9999 | 07323B118 |  | 43500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| BERTO ACQUISITION CORP | UNIT 99/99/9999 | G1051H127 |  | 3213000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| BLACK HAWK ACQUISITION C-RTS | RIGHT 06/20/2025 | G1148A119 |  | 13876 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BLACKSKY TECHNOLOGY INC | CL A NEW | 09263B207 |  | 1544 | 75 | SH |  | SOLE |  | 75 | 0 | 0 |
| BLEICHROEDER ACQUISITION COR | RIGHT 11/04/2026 | G1169T138 |  | 52500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| BLUE ACQUISITION CORP | UNIT 06/02/2030 | G1331A124 |  | 2510000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| BLUE WATER ACQUISITION III | UNIT 05/23/2030 | G1368E122 |  | 2002000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| BLUEPRINT MEDICINES CORP (US) | COM | 09627Y109 |  | 3242698 | 25298 | SH |  | SOLE |  | 25298 | 0 | 0 |
| CAL REDWOOD ACQUISITION CORP | UNIT 05/15/2030 | G17564124 |  | 1539000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CANTOR EQUITY PARTNERS III-A | SHS CL A | G1828A108 |  | 7912500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| CARTESIAN GROWTH CORP III | UNIT 02/28/2032 | G19307118 |  | 8104000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| CENTURION ACQUISITION CORP | SHS CL A | G20315100 |  | 18410000 | 1750000 | SH |  | SOLE |  | 1750000 | 0 | 0 |
| CHURCHILL CAPITAL CORP X | UNIT 05/14/2030 | G2130T124 |  | 2060140 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| COLUMBUS ACQUISITION CORP | UNIT 12/26/2029 | G2295P123 |  | 3096000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| COPLEY ACQUISITION CORP | UNIT 99/99/9999 | G24243118 |  | 2517500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| DT CLOUD ACQUISITION COR-RTS | RIGHT 02/14/2029 | G28524133 |  | 25500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| DUN  BRADSTREET HOLDINGS IN | COM | 26484T106 |  | 4353556 | 478939 | SH |  | SOLE |  | 478939 | 0 | 0 |
| EGH ACQUISITION CORP | UNIT 99/99/9999 | G2946P126 |  | 2547500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | UNIT 99/99/9999 | G3415K127 |  | 11967904 | 1150760 | SH |  | SOLE |  | 1150760 | 0 | 0 |
| FIGX CAPITAL ACQUISITION COR | UNIT 06/17/2030 | G3473K126 |  | 5007500 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| FLAG SHIP ACQUISITION CORP | UNIT 05/22/2029 | G3530C133 |  | 297000 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 3252740 | 89361 | SH |  | SOLE |  | 89361 | 0 | 0 |
| GEN DIGITAL INC - CVR | RIGHT 99/99/9999 | 668771116 |  | 75933 | 9468 | SH |  | SOLE |  | 9468 | 0 | 0 |
| GESHER ACQUISITION CORP II | UNIT 03/11/2030 | G3852D123 |  | 1536000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| GORES HOLDINGS X INC | UNIT 05/02/2030 | G4002F117 |  | 6234000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| GP-ACT III ACQUISITION-A | CL A | G4035N103 |  | 14506250 | 1375000 | SH |  | SOLE |  | 1375000 | 0 | 0 |
| HAYMAKER ACQUISITION CORP 4 | CLASS A | G4375F108 |  | 4606500 | 415000 | SH |  | SOLE |  | 415000 | 0 | 0 |
| Hess Corporation. | COM | 42809H107 |  | 6275862 | 45300 | SH |  | SOLE |  | 45300 | 0 | 0 |
| ICAD INC | COM NEW | 44934S206 |  | 126096 | 33096 | SH |  | SOLE |  | 33096 | 0 | 0 |
| INFLECTION POINT ACQUISITION | UNIT 03/01/2027 | G47875128 |  | 9979750 | 950000 | SH |  | SOLE |  | 950000 | 0 | 0 |
| ISHARES BITCOIN TRUST | SHS BEN INT | 46438F101 |  | 8688086 | 141939 | SH |  | SOLE |  | 141939 | 0 | 0 |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | G4992A136 |  | 425304 | 1575200 | SH |  | SOLE |  | 1575200 | 0 | 0 |
| JACKSON ACQUISITION CO-CL A | COM SHS CL A | G4992A110 |  | 16224560 | 1575200 | SH |  | SOLE |  | 1575200 | 0 | 0 |
| JENA ACQUISITION CORP II | UNIT 99/99/9999 | G5093B121 |  | 7196000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| K GROWTH ACQUISITION CORP | UNIT 99/99/9999 | G52258103 |  | 7755000 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| LAKESHORE ACQUISITION III CO | UNIT 99/99/9999 | G5353S129 |  | 3060000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| LIGHTWAVE ACQUISITION CORP | UNIT 06/06/2030 | G5490M118 |  | 2469730 | 245500 | SH |  | SOLE |  | 245500 | 0 | 0 |
| LIVE OAK ACQUISITION CORP V | UNIT 02/20/2030 | G5509P128 |  | 4472856 | 402960 | SH |  | SOLE |  | 402960 | 0 | 0 |
| LIVE OAK ACQUISITION CORP-A | CL A SHS | G5509P102 |  | 4815000 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| M3-BRIGADE ACQUISITION V-A | CL A | G63212107 |  | 1135774 | 100600 | SH |  | SOLE |  | 100600 | 0 | 0 |
| MAYWOOD ACQUISITION CORP | UNIT 01/23/2030 | G6001J115 |  | 2612500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| MELAR ACQUISITION CORP I | UNIT 06/10/2029 | G6004G126 |  | 3409250 | 325000 | SH |  | SOLE |  | 325000 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | RIGHT 11/15/2028 | G6301B127 |  | 119000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION-A | SHS CL A | G6301B101 |  | 7182000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| MURAL ONCOLOGY PLC | ORD SHS | G63365103 |  | 217281 | 87968 | SH |  | SOLE |  | 87968 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION C | UNIT 99/99/9999 | G6476A128 |  | 4707000 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| NEWHOLD INVESTMENT CORP III | UNIT 99/99/9999 | G6486E128 |  | 2092000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| OAK WOODS ACQUISITION COR-RT | RIGHT 03/23/2028 | 67190B120 |  | 26172 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| OXLEY BRIDGE ACQUISITION LTD | UNIT 06/17/2030 | G6858G123 |  | 9509500 | 950000 | SH |  | SOLE |  | 950000 | 0 | 0 |
| PERIMETER ACQUISITION CORP I | UNIT 05/13/2030 | G7010A103 |  | 4498520 | 426400 | SH |  | SOLE |  | 426400 | 0 | 0 |
| PIONEER ACQUISITION I CORP | UNIT 06/16/2030 | G7117W123 |  | 7434485 | 743077 | SH |  | SOLE |  | 743077 | 0 | 0 |
| PLUM ACQUISITION CORP IV | UNIT 08/19/2029 | G7134A112 |  | 1035000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| REPUBLIC DIGITAL ACQUIS-CL A | USD CL A ORD SHS | G7515A103 |  | 1026000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | UNIT 99/99/9999 | G7515A111 |  | 10100094 | 943934 | SH |  | SOLE |  | 943934 | 0 | 0 |
| RF ACQUISITION CORP II | UNIT 05/01/2026 | G75389125 |  | 2116000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| RIBBON ACQUISITION CORP | UNIT 99/99/9999 | G7552W125 |  | 2565000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| SCHMID GROUP NV | EURO SHS CL A | N68722102 |  | 6939 | 2505 | SH |  | SOLE |  | 2505 | 0 | 0 |
| SHEPHERD AVE CAPITAL ACQUISI | UNIT 99/99/9999 | G8089R126 |  | 5140000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| SIDDHI ACQUISITION CORP | UNIT 99/99/9999 | G8118C108 |  | 12887500 | 1250000 | SH |  | SOLE |  | 1250000 | 0 | 0 |
| SIM ACQUISITION CORP I-A | SHS CL A | G8431T101 |  | 260553 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SIZZLE ACQUISITION CORP II | UNIT 99/99/9999 | G8193F125 |  | 6687541 | 650539 | SH |  | SOLE |  | 650539 | 0 | 0 |
| SKECHERS USA INC-CL A | CL A | 830566105 |  | 10282650 | 162958 | SH |  | SOLE |  | 162958 | 0 | 0 |
| SOULPOWER ACQUISITION CORP | UNIT 99/99/9999 | G82745129 |  | 13266179 | 1303161 | SH |  | SOLE |  | 1303161 | 0 | 0 |
| SPRING VALLEY ACQUISIT-RIGHT | RIGHT 02/25/2026 | G83752132 |  | 6031 | 43076 | SH |  | SOLE |  | 43076 | 0 | 0 |
| Springworks Therapeutics Inc | COM | 85205L107 |  | 2276337 | 48443 | SH |  | SOLE |  | 48443 | 0 | 0 |
| TASKUS INC-A | CLASS A COM | 87652V109 |  | 734943 | 43851 | SH |  | SOLE |  | 43851 | 0 | 0 |
| TEXAS VENTURES ACQUISITION I | UNIT 99/99/9999 | G8772L121 |  | 3066000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| THAYER VENTURES ACQUISITION | UNIT 05/15/2030 | G87890128 |  | 5334000 | 525000 | SH |  | SOLE |  | 525000 | 0 | 0 |
| TITAN ACQUISITION CORP | UNIT 04/09/2030 | G8901A129 |  | 7727954 | 759131 | SH |  | SOLE |  | 759131 | 0 | 0 |
| UY SCUTI ACQUISITION CORP | UNIT 99/99/9999 | G93Y0A120 |  | 1540500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| WEN ACQUISITION CORP | UNIT 05/16/2030 | G9R39C129 |  | 5813500 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| YHN ACQUISITION I LTD | UNIT 08/15/2029 | G1514D119 |  | 3596765 | 344188 | SH |  | SOLE |  | 344188 | 0 | 0 |
| YORKVILLE ACQUISITION CORP | UNIT 06/06/2030 | G98659108 |  | 1125000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| AMBI/WS US 06 Mar 28 C11.5 | *W EXP 03/06/202 | G02532110 |  | 19767 | 130905 | SH |  | SOLE |  | 130905 | 0 | 0 |
| ANSCW US 31 Dec 28 C11.5 | *W EXP 10/01/202 | G0131Y118 |  | 75525 | 503500 | SH |  | SOLE |  | 503500 | 0 | 0 |
| ATMCW US 17 Jan 28 C11.5 | *W EXP 03/01/202 | G0223V121 |  | 9030 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| BTMWW US 03 Jul 28 C11.5 | *W EXP 06/30/202 | 09174P113 |  | 11411 | 28678 | SH |  | SOLE |  | 28678 | 0 | 0 |
| CHEB/WS US 29 Jul 29 C11.5 | *W EXP 05/30/203 | G20873116 |  | 8790 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| DAICW US 17 Nov 26 C11.5 | *W EXP 12/31/202 | 171756117 |  | 1975 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| DISTW US 30 Mar 28 C11.5 | *W EXP 11/30/202 | G27740102 |  | 15000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| DMYY/WS US 21 Nov 27 C11.5 | *W EXP 99/99/999 | 233276112 |  | 47750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| FORLW US 12 May 28 C11.5 | *W EXP 03/15/202 | 35088F115 |  | 3300 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| FUFUW US 07 Jun 28 C11.5 | *W EXP 03/01/202 | G1152A120 |  | 15125 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| GCLWW US 13 Feb 30 C11.5 | *W EXP 02/13/203 | G3777K111 |  | 422 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ISRLW US 28 Feb 28 C11.5 | *W EXP 99/99/999 | G49667119 |  | 22428 | 100800 | SH |  | SOLE |  | 100800 | 0 | 0 |
| LIMNW US 30 Apr 30 C11.5 | *W EXP 04/30/203 | 53271X116 |  | 300 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| LOKVW US 17 Apr 30 C11.5 | *W EXP 10/31/203 | G5509P110 |  | 70000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| MKDWW US 31 Jul 29 C0 | *W EXP 07/31/202 | G6209W116 |  | 2065 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| ML/WS US 01 Jun 27 C11.5 | *W EXP 09/22/202 | 60938K114 |  | 0 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| OAKUW US 17 May 28 C11.5 | *W EXP 99/99/999 | 67190B112 |  | 3600 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| RENEW US 12 Jul 28 C11.5 | *W EXP 07/12/202 | G19305120 |  | 5500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SHMDW US 25 Aug 28 C11.5 | *W EXP 04/30/202 | N68722110 |  | 13860 | 46200 | SH |  | SOLE |  | 46200 | 0 | 0 |
| TACOW US 28 Apr 30 C11.5 | *W EXP 05/01/203 | G1051H119 |  | 39775 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| WALDW US 27 Jul 27 C11.5 | *W EXP 07/27/202 | G9503X111 |  | 65 | 666 | SH |  | SOLE |  | 666 | 0 | 0 |
| YSBPW US 15 Mar 28 C11.5 | *W EXP 03/15/202 | G9845F117 |  | 200 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |

---