Shareholders Approve Business Combination; Company Secures Forward Purchase Agreement for up to 5M Shares

summarizeSummary

Haymaker Acquisition Corp. 4 shareholders and warrantholders approved the business combination with Suncrete, Inc., and the company entered into new agreements, including a Forward Purchase Agreement for up to 5 million shares, to ensure the deal's successful completion.

check_boxKey Events

• Business Combination Approved

  Shareholders and warrantholders approved all proposals for the business combination with Suncrete, Inc. at meetings held on April 2, 2026, including the Business Combination Proposal and the Warrant Amendment Proposal.

• Non-Redemption Agreement Signed

  An existing shareholder reversed their redemption election for 250,000 Class A ordinary shares, agreeing to hold them through the closing date in exchange for a cash payment based on the redemption price.

• Forward Purchase Agreement Executed

  Haymaker and Pubco entered into an agreement with Harraden Circle Investors, LP and affiliates to purchase up to 5,000,000 shares. The seller will be prepaid from the trust account and has waived redemption rights, providing a significant capital commitment for the transaction.

auto_awesomeAnalysis

This filing confirms the successful approval of the business combination with Suncrete, Inc. by Haymaker Acquisition Corp. 4's shareholders and warrantholders on April 2, 2026. This is a critical milestone for the SPAC, enabling the de-SPAC transaction to proceed. Furthermore, the company disclosed new material agreements designed to bolster the transaction's financial stability: a Non-Redemption Agreement for 250,000 shares and a significant Forward Purchase Agreement for up to 5,000,000 shares. The Forward Purchase Agreement, valued at approximately $53 million based on current share price, is a substantial financing mechanism that ensures a significant portion of the trust capital remains available for the combined entity, mitigating redemption risk and facilitating the closing of the business combination. These actions collectively pave the way for the merger and the subsequent listing of Suncrete, Inc.