Haymaker enters preferred stock exchange, adds $61.6M PIPE, postpones SPAC vote to Apr 2

Haymaker Acquisition Corp. 4

PubCo issues 26,000 shares of Series A Preferred Stock (9% dividend, $1,000 liquidation preference) in exchange for Suncrete Senior Preferred Units.
PIPE investment increased by $61.6M to total $167.1M via new subscription agreement with an additional investor.
Shareholder and warrantholder meetings postponed from March 30 to April 2; redemption deadline extended to April 1.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Haymaker Acquisition Corp. 4 entered into Securities Exchange Agreement with holders of Suncrete’s Senior Preferred Units valued at 26,000 shares of Series A Convertible Perpetual Preferred Stock (effective 2026-03-26).

Action: entry
Agreement: equity purchase
Counterparty: holders of Suncrete’s Senior Preferred Units
Value: 26,000 shares of Series A Convertible Perpetual Preferred Stock
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026, PubCo entered into a Securities Exchange Agreement (the “Exchange Agreement”) with holders of Suncrete’s Senior Preferred Units (the “Senior Preferred Units”), pursuant to which PubCo agreed to issue an aggregate of 26,000 shares of Series A Convertible Perpetual Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), to such Senior Preferred Unit holders in exchange for their Senior Preferred Units (the “Exchange”).

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Source: SEC EDGAR

accession 0001104659-26-038123

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