SPAC Sponsor Group Discloses 7.7% Stake in Suncrete Post-Merger

check_boxKey Events

• Significant Insider Ownership Disclosed

  Haymaker Sponsor IV LLC, along with managing members Andrew R. Heyer and Steven J. Heyer, reported a combined 7.7% beneficial ownership in Suncrete, Inc.

• Post-Merger Ownership Structure

  The ownership stake resulted from the conversion of securities in Haymaker Acquisition Corp. 4 following the business combination completed on April 8, 2026.

• Lock-Up Agreements in Place

  The sponsor group is subject to transfer restrictions, with shares locked up for 6 to 12 months, indicating a long-term commitment.

• Key Insider Involvement

  Andrew R. Heyer, a managing member of the Sponsor, is also a director/executive officer of Suncrete, Inc., reinforcing the insider nature of this significant holding.

auto_awesomeAnalysis

This Schedule 13D filing details the significant ownership stake held by the former SPAC sponsor, Haymaker Sponsor IV LLC, and its managing members, Andrew R. Heyer and Steven J. Heyer, in the newly combined entity, Suncrete, Inc. The 7.7% stake, valued at over $47 million, represents a substantial portion of the company's equity. This disclosure follows the completion of the business combination on April 8, 2026, and confirms the foundational ownership structure post-merger. The filing also highlights lock-up agreements for the sponsor group, restricting share sales for 6-12 months, which signals a commitment to the long-term success of the company. Andrew R. Heyer's role as a director/executive officer further solidifies the insider nature of this significant holding.