UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2024
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.
Address:
1027 YONGE ST
SUITE 301
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
Title:
CCO/COO
Phone:
6477762194


Signature, Place, and Date of Signing:

Stuart Grant
                         [Signature]
Toronto, ONTARIO, CANADA
                 [City, State]
02-14-2025
                           [Date]
                          

Report Type (Check only one.):

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

☐ 13F NOTICE. (Check here if no holdings reported are 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:
70
Form 13F Information table Value Total:
233509941
          (thousands)

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


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AA MISSION ACQUISITION COR-AORD SHS CL AG1000R10124,795,5002,455,000SHSOLE2,455,000 0 0
AFRICAN AGRICULTURE INCCOM00792J100 0 168,036SHSOLE168,036 0 0
AI TRANSPORTATION ACQUIS-RTSRIGHT 09/01/2028G0149010416,810129,311SHSOLE129,311 0 0
ALPHATIME ACQUISITION-RIGHTRIGHT 03/01/2028G0223V13940,530300,000SHSOLE300,000 0 0
ALPHAVEST ACQUISITION CO-RTRIGHT 12/22/2024G0283A11620,840200,000SHSOLE200,000 0 0
AQUARON ACQUISITION CORP-RTSRIGHT 07/15/202603842W11323,800140,000SHSOLE140,000 0 0
ARES ACQUISITION CORP IISHS CLASS AG3303310410,776,914981,504SHSOLE981,504 0 0
BAYVIEW ACQUISITION CORPRIGHT 99/99/999907323B11826,000200,000SHSOLE200,000 0 0
BLACK HAWK ACQUISITION CORPUNIT 99/99/9999G1148A127530,70050,000SHSOLE50,000 0 0
BLACKSKY TECHNOLOGY INCCL A NEW09263B20780975SHSOLE75 0 0
BLEICHROEDER ACQUISITION CORRIGHT 11/04/2026G1169T13825,500150,000SHSOLE150,000 0 0
BOWEN ACQUISITION CORP-RTSRIGHT 99/99/9999G1272912872,185360,927SHSOLE360,927 0 0
CANTOR EQUITY PARTNERS INCSHS CL AG4491L1043,648,261351,132SHSOLE351,132 0 0
CENTURION ACQUISITION CORPSHS CL AG2031510024,492,5002,425,000SHSOLE2,425,000 0 0
CHENGHE ACQUISITION II COCL A ORD SHSG208731082,024,000200,000SHSOLE200,000 0 0
DISTOKEN ACQUISITION CORPRIGHT 99/99/9999G2774013612,500125,000SHSOLE125,000 0 0
DT CLOUD ACQUISITION CORPUNIT 99/99/9999G285241092,642,500250,000SHSOLE250,000 0 0
FLAG SHIP ACQUISITION CORPUNIT 05/22/2029G3530C133281,61027,000SHSOLE27,000 0 0
GLOBAL LIGHTS ACQUISITION CO RTSRIGHT 99/99/9999G3937F11942,150300,000SHSOLE300,000 0 0
GP-ACT III ACQUISITION-ACL AG4035N10325,096,5002,475,000SHSOLE2,475,000 0 0
HASHICORP INC-CL ACOM CL A418100103493,51314,426SHSOLE14,426 0 0
HAYMAKER ACQUISITION CORP 4CLASS AG4375F1086,138,900570,000SHSOLE570,000 0 0
Hess Corporation.COM42809H1078,685,55365,300SHSOLE65,300 0 0
ISHARES BITCOIN TRUSTSHS BEN INT46438F10113,358,998251,819SHSOLE251,819 0 0
JACKSON ACQUISITION CO IIUNIT 99/99/9999G4992A20115,090,0001,500,000SHSOLE1,500,000 0 0
JVSPAC ACQUISITION CORP-ASHS CL AG5212E1051,044,000100,000SHSOLE100,000 0 0
JVSPAC ACQUISITION CORP-RTSRIGHT 11/26/2026G5212E11320,00880,000SHSOLE80,000 0 0
KAIROUS ACQUISITION CORP-RTSRIGHT 09/15/2026G5213113610,00050,000SHSOLE50,000 0 0
KELLANOVACOM4878361088,954,391110,589SHSOLE110,589 0 0
LEGATO MERGER CORP IIIORD SHSG5451A1032,572,500250,000SHSOLE250,000 0 0
M3-BRIGADE ACQUISITION V-ACL AG6321210715,090,0001,500,000SHSOLE1,500,000 0 0
MELAR ACQUISITION CORP IUNIT 06/10/2029G6004G1263,289,000325,000SHSOLE325,000 0 0
MOUNTAIN LAKE ACQUISITION COUNIT 11/15/2028G6301B1197,021,000700,000SHSOLE700,000 0 0
NABORS ENERGY TRANSITION C-ACL AG6363K10612,309,7541,139,792SHSOLE1,139,792 0 0
NORTHVIEW ACQUISITION CO-RTSRIGHT 99/99/999966718N1292,010100,000SHSOLE100,000 0 0
OAK WOODS ACQUISITION COR-RTRIGHT 03/23/202867190B12027,036120,000SHSOLE120,000 0 0
OSISKO DEVELOPMENT 4 MONTH HOLD 03/13/2025COM68828E80948,90030,000SHSOLE30,000 0 0
RF ACQUISITION CORP IIUNIT 05/01/2026G753891252,071,960200,000SHSOLE200,000 0 0
SCHMID GROUP NVEURO SHS CL AN687221027,7152,505SHSOLE2,505 0 0
SHEPHERD AVE CAPITAL ACQUISIUNIT 99/99/9999G8089R1265,010,000500,000SHSOLE500,000 0 0
SIM ACQUISITION CORP I-A SHS CL AG8431T101251,00025,000SHSOLE25,000 0 0
SMARTSHEET INC-CLASS ACOM CL A83200N10322,429,425400,311SHSOLE400,311 0 0
SPARK I ACQUISITION CORPORD SHSG8316B1004,687,984440,600SHSOLE440,600 0 0
SPRING VALLEY ACQUISIT-RIGHTRIGHT 02/25/2026G837521323,02843,076SHSOLE43,076 0 0
SUMMIT MATERIALS INC -CL ACL A86614U1006,325,000125,000SHSOLE125,000 0 0
YHN ACQUISITION I LTDUNIT 08/15/2029G1514D1193,501,750345,000SHSOLE345,000 0 0
AMBI/WS US 06 Mar 28 C11.5*W EXP 03/06/202G0253211037,962130,905SHSOLE130,905 0 0
ANSCW US 31 Dec 28 C11.5*W EXP 10/01/202G0131Y118320,6251,187,500SHSOLE1,187,500 0 0
APXIW US 19 Aug 28 C11.5*W EXP 99/99/999G0440J125 0 50,000SHSOLE50,000 0 0
ATMCW US 17 Jan 28 C11.5*W EXP 03/01/202G0223V1216,000300,000SHSOLE300,000 0 0
BTMWW US 03 Jul 28 C11.5*W EXP 06/30/20209174P1131,89328,678SHSOLE28,678 0 0
CHEB/WS US 29 Jul 29 C11.5*W EXP 05/30/203G208731164,000100,000SHSOLE100,000 0 0
DISTW US 30 Mar 28 C11.5*W EXP 11/30/202G277401022,213125,000SHSOLE125,000 0 0
DMYY/WS US 21 Nov 27 C11.5*W EXP 99/99/9992332761125,87525,000SHSOLE25,000 0 0
FORLW US 12 May 28 C11.5*W EXP 03/15/20235088F1155,577110,000SHSOLE110,000 0 0
FUFUW US 07 Jun 28 C11.5*W EXP 03/01/202G1152A12027,50050,000SHSOLE50,000 0 0
ISRLW US 28 Feb 28 C11.5*W EXP 99/99/999G496671194,062100,800SHSOLE100,800 0 0
IXAQW US 24 Nov 26 C11.5*W EXP 07/31/202G5000D1113,00050,000SHSOLE50,000 0 0
KACLW US 15 Sep 26 C11.5*W EXP 09/15/202G5213112814424,900SHSOLE24,900 0 0
MKDWW US 31 Jul 29 C0*W EXP 07/31/202G6209W1162,993175,000SHSOLE175,000 0 0
ML/WS US 01 Jun 27 C11.5*W EXP 09/22/20260938K11451,054279,290SHSOLE279,290 0 0
NVACW US 02 Aug 27 C11.5*W EXP 08/02/20266718N1112,00050,000SHSOLE50,000 0 0
OAKUW US 17 May 28 C11.5*W EXP 99/99/99967190B1125,940120,000SHSOLE120,000 0 0
RENEW US 12 Jul 28 C11.5*W EXP 07/12/202G193051203,75550,000SHSOLE50,000 0 0
RFACW US 01 May 28 C11.5*W EXP 05/01/20274954L1121424,500SHSOLE4,500 0 0
RRAC/WS US 05 Nov 26 C11.5*W EXP 99/99/999G7573M11466200SHSOLE200 0 0
SHMDW US 25 Aug 28 C11.5*W EXP 04/30/202N6872211011,55046,200SHSOLE46,200 0 0
WALDW US 27 Jul 27 C11.5*W EXP 07/27/202G9503X111113666SHSOLE666 0 0
YSBPW US 15 Mar 28 C11.5*W EXP 03/15/202G9845F1173975,000SHSOLE5,000 0 0
ZPTAW US 23 Mar 28 C11.5*W EXP 02/14/20298906V118463,600SHSOLE3,600 0 0