SPAC Sponsor Reports 0% Beneficial Ownership Post-Merger with Suncrete, Inc.
Summary
The SPAC sponsor and its principals have reported 0% beneficial ownership in the newly combined entity, Suncrete, Inc., following the completion of the business combination.
Key Events
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Business Combination Completed
The filing confirms the consummation of the business combination between Haymaker Acquisition Corp. 4 and Suncrete, Inc. on April 8, 2026, as previously announced.
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Sponsor Group Reports 0% Ownership
Haymaker Sponsor IV LLC and its principals, Andrew R. Heyer and Steven J. Heyer, now report 0% beneficial ownership of the combined company's Class A Ordinary Shares.
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Shift in Shareholder Base
This indicates a complete divestment or transfer of the SPAC sponsor group's reportable stake in the newly public operating company, altering the post-merger ownership structure.
Analysis
This Schedule 13D/A details the post-merger ownership structure for the SPAC sponsor, Haymaker Sponsor IV LLC, and its principals, Andrew R. Heyer and Steven J. Heyer. Following the consummation of the business combination with Suncrete, Inc. on April 8, 2026, the reporting persons now beneficially own 0% of the combined company's Class A Ordinary Shares. This indicates a complete divestment or transfer of their reportable stake, marking a significant change in the shareholder base and the influence of the original SPAC sponsor group in the newly public operating company. Investors should note this shift in ownership as the company transitions from a SPAC to an operating entity.
At the time of this filing, HYAC was trading at $11.10 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $313.6M. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.