Shareholders Approve Business Combination; SPAC Secures Major Forward Purchase Agreement

summarizeSummary

Haymaker Acquisition Corp. 4 shareholders and warrantholders approved all proposals for the business combination with Suncrete, Inc., while the company also secured a significant forward purchase agreement for up to 5 million shares to support the transaction.

check_boxKey Events

• Shareholders Approve Business Combination

  At meetings held on April 2, 2026, Haymaker's shareholders and warrantholders approved all proposals related to the business combination with Suncrete, Inc., including the merger agreement, domestication, organizational documents, and the issuance of up to 55,908,067 shares for the combination and PIPE investment.

• Secures Forward Purchase Agreement for up to 5 Million Shares

  On April 6, 2026, Haymaker and Pubco entered into a forward purchase agreement with Harraden Circle Investors, LP and related entities, for the purchase of up to 5,000,000 shares. The seller will be prepaid an amount equal to the number of shares multiplied by the redemption price, and has waived redemption rights.

• Additional Non-Redemption Agreement Signed

  On April 1, 2026, Haymaker entered into a Non-Redemption Agreement with an existing shareholder to reverse the redemption of 250,000 Class A ordinary shares. The shareholder agreed to waive redemption rights and vote in favor of the Business Combination.

auto_awesomeAnalysis

Haymaker Acquisition Corp. 4 has achieved critical milestones towards completing its business combination with Suncrete, Inc. The definitive approval of the merger and related proposals by both shareholders and warrantholders removes a significant hurdle, paving the way for the transaction to close. Concurrently, the company secured a substantial forward purchase agreement for up to 5 million shares, representing a material capital infusion that de-risks the merger by ensuring sufficient cash and mitigating potential redemptions. This filing provides crucial updates following previous disclosures regarding postponed meetings and PIPE financing, indicating strong progress towards the de-SPAC transaction.