Haymaker SPAC Details Suncrete Merger, Pro Forma $1B+ Enterprise Value
HYAC is trading near its 52-week low of $10.66 (6.8% above the low) on elevated volume (14× avg).
Summary
Haymaker Acquisition Corp. 4 provided extensive details on its proposed business combination with Suncrete, a ready-mix concrete platform, including pro forma financials and an analyst day presentation.
Key Events · M&A and Partnerships · HYAC
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Business Combination Details
Haymaker Acquisition Corp. 4 is progressing with its merger with Suncrete, a pure-play ready-mix concrete platform, as outlined in an analyst day presentation held on January 14, 2026.
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Pro Forma Financials and Valuation
The combined entity is projected to have $675 million in 2026E revenue and $130 million in 2026E Adjusted EBITDA, with a pro forma enterprise value of $1,004.5 million. The assumed share price for the transaction is $11.37, closely aligning with the current market price.
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Accounting Restatement Disclosure
Suncrete disclosed that it previously identified and corrected classification errors in its consolidated statements of operations. These errors did not affect net income, cash flow, or members' equity for the periods presented.
Analysis · HYAC · Real Estate & Construction
This filing is highly important for Haymaker Acquisition Corp. 4 as it provides comprehensive details regarding its proposed business combination with Suncrete. The analyst day presentation offers investors a deep dive into Suncrete's business model, growth strategy in the U.S. Sunbelt, and the financial projections of the combined entity. The pro forma enterprise value of over $1 billion indicates a transformative event for the SPAC. While the disclosure of a prior restatement for classification errors is a notable risk factor, the company states it did not impact net income or cash flow, mitigating its severity. Investors should review the detailed presentation to understand the strategic rationale and financial implications of the merger.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 36.1% of the 1753 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HYAC was trading at $11.39 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $332.4M. The 52-week trading range was $10.66 to $11.48. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.