Overview

Haymaker Acquisition Corp. 4 (“Haymaker”) has filed a Form 8-K with the SEC dated March 26, 2026, announcing critical developments related to the company’s ongoing Business Combination with Suncrete and PubCo. This filing includes updates on the proxy statement/prospectus, risk factors, and legal compliance notices—all of which are highly relevant for shareholders and may affect share values.

Key Points in the Report

• Business Combination Process: Haymaker, Suncrete, and PubCo have mailed the definitive proxy statement/prospectus to shareholders and warrantholders as of the record date for voting on the Business Combination. Investors are strongly urged to read these documents thoroughly as they contain important information regarding the transaction and its implications.
• Securities Registered: Haymaker’s securities registered under Section 12(b) of the Exchange Act include:
  • Units: Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, trading under symbol HYACU on the New York Stock Exchange (NYSE).
  • Class A Ordinary Shares: Par value \$0.0001 per share, trading under symbol HYAC on NYSE.
  • Warrants: Each whole warrant exercisable for one Class A ordinary share at \$11.50 per share, trading under symbol HYACWS on NYSE.
• Emerging Growth Company Status: Haymaker meets the emerging growth company criteria and has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

Important Shareholder Information & Potential Price Sensitivity

• Forward-Looking Statements: The report contains extensive forward-looking statements regarding the Business Combination, PIPE investment, SPAC public warrant exchange, future financial condition and performance, and the satisfaction of closing conditions. These statements are subject to risks and uncertainties that could materially impact share value.
• Key Risks Highlighted:
  • Risk that the Business Combination and PIPE investment may not be completed in a timely manner or at all.
  • Failure by parties to satisfy conditions to consummation, including minimum cash condition and shareholder/warrantholder approvals.
  • Risk that investors do not satisfy obligations under non-redemption agreements.
  • Haymaker retains sole discretion to effect warrant amendments, possibly affected by the level of redeeming stockholders.
  • Potential failure to realize anticipated benefits of the Business Combination.
  • Legal proceedings that may be instituted following the announcement of the Business Combination.
  • The level of redemptions may reduce public float, liquidity, and the ability to maintain NYSE listing or trading.
  • Failure of PubCo to obtain or maintain stock exchange listing post-closing.
  • Costs related to the Business Combination and PubCo becoming a public company.
  • Changes in business, market, financial, political, and regulatory conditions.
  • Risks relating to Suncrete’s business operations, including the success of future acquisitions and management of growth post-combination.
  • Issuance of equity or debt securities post-closing may dilute shareholders and affect share value.
  • Challenges in implementing the business plan due to lack of operating history, competition, and regulation.
  • Additional risks described in Haymaker’s 10-K, 10-Q, and proxy/registration statements filed with the SEC.
• Legal Compliance: The Form 8-K is not a solicitation or offer to subscribe, buy, sell, or transfer any securities, nor does it constitute a solicitation of any vote or approval in any jurisdiction in connection with the proposed transactions. No offer of securities will be made except by means of a prospectus meeting Section 10 of the Securities Act.
• Participants in Solicitation: Directors, executive officers, and certain employees of Haymaker, PubCo, and Suncrete may be deemed participants in the solicitation of proxies. Information about their interests is available in the proxy statement/prospectus and other SEC filings.

Potential Share Price Impact

This report is highly relevant for investors as it:

• Outlines material risks and uncertainties that could affect the completion of the Business Combination and PIPE investment.
• Addresses possible dilution, listing risks, and legal proceedings which may directly impact share price and liquidity.
• Emphasizes the importance of shareholder approval and the level of redemptions, which could influence market perception and trading volume.
• Provides transparency about the nature of the forward-looking statements and cautions investors against undue reliance.

Action Items for Investors

• Read the proxy statement/prospectus and all relevant documents filed with the SEC carefully and in their entirety.
• Monitor for any amendments or supplements to the filings, which may further clarify risks or provide updated information.
• Be aware of the risks and uncertainties outlined, as these may significantly impact share value and investment strategy.
• Consider the implications of potential dilution, legal proceedings, and listing requirements post-combination.

Disclaimer

This article is based on information disclosed by Haymaker Acquisition Corp. 4 in its Form 8-K filing with the SEC. Forward-looking statements are subject to risks, uncertainties, and assumptions that may cause actual results to differ materially. Investors should not rely solely on this summary and are advised to review the full proxy statement/prospectus and all relevant SEC filings. This article does not constitute investment advice, solicitation, or an offer to buy or sell any security. Please consult your financial advisor before making any investment decisions.

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