Haymaker Acquisition Corp V, a blank check company formed for the purpose of a merger or similar business combination, has completed its initial public offering. The company sold 28,750,000 units at a price of $10.00 per unit, generating gross proceeds of $287,500,000. This total includes 3,750,000 units issued pursuant to the full exercise of the underwriters' over-allotment option.
The units began trading on The New York Stock Exchange under the ticker symbol "HYACU" on September 17, 2026. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Once the securities begin separate trading, the Class A ordinary shares are expected to trade under the symbol "HYAC" and the warrants under "HYACW." Each whole warrant entitles the holder to purchase one Class A ordinary share for $11.50 per share.
The IPO was led by joint book-running managers Cantor Fitzgerald & Co. and William Blair & Company, L.L.C., with Roth Capital Partners acting as co-manager. The company’s management team is led by Chief Executive Officer and Chief Financial Officer Christopher Bradley. The board of directors includes Christopher Bradley, Brian Shimko, Harris Heyer, Walter McLallen, William Heyer, and James Heyer.
In connection with the closing, the company entered into several agreements, including an Underwriting Agreement, a Warrant Agreement, and an Investment Management Trust Agreement. Additionally, the company completed the private sale of 5,333,333 warrants to the Sponsor and the Underwriters for $1.50 per warrant, totaling $8,000,000. These private placement warrants are identical to those included in the units sold in the IPO.
The proceeds from the IPO and the private placement of warrants were placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company. The funds in the trust account will not be released until the earliest of the completion of the company’s initial business combination, the redemption of public shares if the combination is not completed within 24 months, or a shareholder vote to amend the company’s charter.
