Haymaker Acquisition Corp V completes $287.5M IPO
Haymaker has 24 months from its IPO closing to complete a business combination; public shares remain subject to redemption provisions.
Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
Haymaker Acquisition Corp V (HYAC) completed its IPO on September 18, 2026, selling 28,750,000 units at $10.00 each for $287,500,000 in gross proceeds; the total included 3,750,000 units from full exercise of the underwriters’ over-allotment option. Each unit contains one Class A ordinary share and one-third of a redeemable warrant; each whole warrant is exercisable for one share at $11.50. In a simultaneous private placement, the company sold 5,333,333 warrants at $1.50 each, generating $8,000,000 in gross proceeds. The trust account held $287,500,000, and the balance sheet reported $2,443,330 in cash outside the trust as of September 18, 2026.
As of September 18, 2026, Haymaker had not selected a business-combination target and had not engaged in substantive discussions with a target. It has 24 months from the IPO closing to complete a combination, subject to any earlier liquidation date its board may approve; public shareholders have redemption rights in connection with a combination or if the company does not complete one within that window. Public warrants become exercisable 30 days after completion of a combination and expire five years after it, or earlier upon redemption or liquidation.
Positive
- None.
Negative
- None.
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