other_material
confidence high
sentiment neutral
materiality 0.50
Haymaker Sponsor agrees up to $4.5M note to fund SPAC extension through July 2026
Haymaker Acquisition Corp. 4
- Sponsor will make monthly contributions to trust of lesser of $0.025/share or $375,000 in exchange for non-interest promissory note.
- Promissory note principal up to $4,500,000; repayable at Maturity Date (business combination or extension expiry).
- Shareholder meeting scheduled July 24, 2025 to vote on monthly extension to July 28, 2026.
- If extension approved, first advance due July 28, 2025; sponsor waives claims on trust account.
item 1.01item 2.03item 9.01