Monitor for the filing of the Form 8-K with audited balance sheet (required before separate trading of shares/warrants) and for any subsequent announcements regarding a business combination target. The 24-month deadline creates a ticking clock for deal execution.
Executive Summary
Haymaker Acquisition Corp V priced its $250 million SPAC IPO on September 16, 2026, selling 25 million units at $10.00 each, with each unit consisting of one Class A ordinary share and one-third of a redeemable warrant. The units begin trading on the NYSE under HYACU, with separate trading of shares (HYAC) and warrants (HYACW) expected on the 52nd day. The SPAC has 24 months to complete a business combination and has no target identified.
Key Financial Metrics
Key Facts
- IPO of 25,000,000 units at $10.00/unit, raising $250,000,000 in gross proceeds
- Each unit consists of one Class A ordinary share and one-third of one redeemable warrant
- Underwriters have a 45-day option for up to 3,750,000 additional units
- $250,000,000 placed in trust account ($10.00 per unit)
- Sponsor and underwriters committed to purchase 5,333,333 private placement warrants at $1.50/warrant ($8,000,000 aggregate)
- 24 months from closing to complete initial business combination
- Units listed on NYSE under HYACU; shares and warrants to trade separately under HYAC and HYACW
- 7,187,500 founder shares held by sponsor, purchased for $25,000 (approx. $0.004/share)
- Underwriters: Cantor Fitzgerald (joint book-runner), William Blair (joint book-runner), Roth Capital Partners (co-manager)
Financial Impact
Gross proceeds of $250,000,000 from IPO plus $8,000,000 from private placement warrants; $250,000,000 deposited in trust account
Risk Factors
- No target identified; may fail to complete business combination within 24 months
- Substantial dilution to public shareholders from founder shares purchased at ~$0.004/share vs. $10.00 offering price
- Sponsor and management have conflicts of interest that may favor completing any deal over shareholder value
- Warrants expire worthless if no business combination completed
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001193125-26-395319 |
| Document: 0001193125-26-395319-index-headers.html | 0001193125-26-395319 |
| Document: 0001193125-26-395319-index.html | 0001193125-26-395319 |
| Document: 0001193125-26-395319.txt | 0001193125-26-395319 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | 3 | — | awaiting T+20 | — | — |
Sep 25, 2026 4w ago | SC 13G | — | awaiting T+20 | — | — |
Sep 24, 2026 4w ago | 8-K | — | awaiting T+20 | — | — |
Sep 23, 2026 4w ago | SC 13G | — | awaiting T+20 | — | — |
Sep 22, 2026 4w ago | 8-K | — | awaiting T+20 | — | — |
Sep 21, 2026 5w ago | 3 | — | awaiting T+20 | — | — |
Sep 21, 2026 5w ago | 3 | — | awaiting T+20 | — | — |
Sep 21, 2026 5w ago | 3 | — | awaiting T+20 | — | — |
Sep 21, 2026 5w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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