M&A
confidence high
sentiment neutral
materiality 0.65
Haymaker enters non-redemption agreements for 4.44M shares; expects $10.75 net per share
Haymaker Acquisition Corp. 4
- Investors to acquire up to 4,442,085 Public Shares, waive redemption rights, and abstain from voting on the business combination.
- Haymaker expects net proceeds of approximately $10.75 per non-redeemed Public Share from the agreements.
- Combined with $105.5M PIPE investment, the Minimum Cash Condition for the Suncrete deal is expected to be satisfied.
- Non-Redemption Agreements terminate on July 23, 2026 or upon closing/termination of the Business Combination Agreement.
- Suncrete will pay selling shareholders the difference between the redemption price and the purchase price.