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The latest update is out from Haymaker Acquisition Corporation 4 Class A ( (HYAC) ).
On April 1, 2026, Haymaker Acquisition Corp. 4 entered into a non-redemption agreement with an existing shareholder, securing the reversal of a prior redemption election and the continued holding and pro-business-combination vote of 250,000 Class A public shares in exchange for a cash payment formula tied to the final redemption price. On April 6, 2026, Haymaker and PubCo also struck a prepaid forward purchase agreement with several Harraden Circle funds for up to 5 million shares, providing immediate trust-funded cash at the business combination redemption price while locking in those investors’ waiver of redemption rights and creating a structured mechanism for unwinding the position post-closing.
At extraordinary and special meetings held on April 2, 2026, Haymaker shareholders and warrantholders approved all proposals necessary to advance the merger with Suncrete, including the business combination and domestication, new organizational documents, NYSE share issuance authorization for up to 55.9 million PubCo Class A shares tied to the deal and PIPE, new 2026 omnibus incentive and employee stock purchase plans, as well as warrant amendments and adjournment flexibilities. The approvals, combined with the non-redemption and forward purchase arrangements, bolster the minimum cash profile for the de-SPAC transaction, enhance deal certainty, and set the capital and governance framework for Suncrete, Inc. as it prepares to operate as a publicly listed company.
More about Haymaker Acquisition Corporation 4 Class A
Haymaker Acquisition Corp. 4 is a special purpose acquisition company (SPAC) formed to merge with or acquire an operating business, and it has entered into a business combination agreement with Concrete Partners Holding, LLC, which will result in a combined entity known as Suncrete, Inc. The transaction is structured to domesticate Haymaker from the Cayman Islands to Delaware and list the post-combination company’s Class A common stock on a U.S. exchange, supported by a PIPE investment and new equity incentive and employee stock purchase plans.
Average Trading Volume: 231,574
Technical Sentiment Signal: Sell
Learn more about HYAC stock on TipRanks’ Stock Analysis page.