Haymaker Acquisition Corp. 4 Signs Non-Redemption Agreement to Support Business Combination with Concrete Partners Holding

Key Points for Investors

• Non-Redemption Agreement Signed: Haymaker Acquisition Corp. 4 (“Haymaker”) has entered into a binding Non-Redemption Agreement with Concrete Partners Holding, LLC (“Target”) and certain shareholders (“Holders”) to support the pending business combination.
• Business Combination Details: The agreement is a direct result of the definitive Business Combination Agreement signed between Haymaker and Concrete Partners Holding, LLC dated October 9, 2025. The transaction aims to combine the two entities, subject to shareholder approval and other customary closing conditions.
• Waiver of Redemption Rights: Shareholders who become Holders under this agreement have committed to acquire a specified value of Haymaker’s Class A ordinary shares (the “Holder’s Shares”), and crucially, to waive their right to redeem these shares prior to the closing of the business combination.
• Voting Arrangements: Holders must abstain from voting their acquired shares either for or against the business combination and must appear at shareholder meetings to ensure quorum. However, they must vote against any proposals that oppose, compete with, or frustrate the business combination.
• Transfer Restrictions: Holders are prohibited from transferring, selling, or otherwise disposing of the Holder’s Shares prior to the transaction closing, except as specified in the agreement.
• Non-Redemption Payment: In consideration for agreeing to waive redemption rights, the Target will pay Holders a specified cash amount (the “Non-Redemption Payment”) upon satisfaction of all conditions, provided the business combination closes. If the business combination fails, this payment must be refunded.
• Disclosure and Indemnification: Haymaker is authorized to disclose the identity and commitments of the Holders in all SEC filings and proxy materials related to the business combination. Moreover, Haymaker will indemnify Holders for liabilities arising from this agreement to the fullest extent permitted by law.
• Termination Provisions: The agreement terminates on the earlier of the business combination closing, termination of the business combination agreement, or July 23, 2026. Certain covenants survive termination.
• Legal Jurisdiction: The agreement is governed by Delaware law, with disputes to be brought in New York courts. Both parties waive any right to a jury trial regarding disputes under this agreement.

Potential Price-Sensitive Implications for Shareholders

• Support for Business Combination: By locking up a significant number of shares and waiving redemption rights, this agreement reduces the risk of excessive redemptions—a common issue for SPACs—thereby increasing the likelihood that the business combination will close successfully. This may enhance investor confidence and support the share price.
• Reduced Volatility Risk: The transfer restrictions and voting abstentions for shares under the agreement may reduce short-term volatility and uncertainty ahead of the shareholder meeting and business combination vote.
• Potential Financial Incentives: The Non-Redemption Payment to Holders creates a direct financial incentive for key investors to support the deal, which may be viewed positively by the market.
• Full Disclosure: Haymaker’s commitment to fully disclose the identity and commitments of participating Holders ensures transparency, which is critical for market trust and may impact how the transaction is perceived by the broader shareholder base.
• No Claim on Trust Account: Holders under this agreement waive any claim to the trust account funds except for their rights as ordinary public shareholders with respect to shares not covered by the Non-Redemption Agreement.

Additional Investor Details

• Holders remain free to exercise redemption rights on any shares they own outside of the Holder’s Shares covered by this agreement.
• If Holders breach the agreement by redeeming or transferring the designated shares, they must repurchase an equivalent number of shares from Haymaker or its designees, at the redemption price, prior to closing.
• The agreement allows for equitable remedies, including injunction and specific performance, in the event of breach or non-performance.
• Haymaker explicitly disclaims that Holders have any claim to the SPAC’s trust account as a result of this agreement, which is intended to reassure public investors regarding the sanctity of trust funds.

Conclusion

This Non-Redemption Agreement is a significant development in Haymaker Acquisition Corp. 4’s path to completing its business combination with Concrete Partners Holding, LLC. By securing investor commitments to retain shares and support the transaction, Haymaker is actively working to mitigate redemption risk and ensure transaction certainty—both of which are key factors that could impact the company’s share price and overall market perception in the coming months.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with their financial advisors before making investment decisions. The information herein is based on public filings and may be subject to change or amendment without notice.

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