Monitor for the EFFECT notice and pricing announcement. The SPAC has a 24-month window to find a target; track any subsequent 8-K filings for business combination announcements or target LOIs.
Executive Summary
Haymaker Acquisition Corp V filed Amendment No. 3 to its S-1 registration statement for a $250 million SPAC IPO (25 million units at $10/unit, plus a 3.75 million unit over-allotment option). This is a routine procedural step toward pricing and listing on the NYSE under the symbols HYACU (units), HYAC (shares), and HYACW (warrants). As a blank-check company with no operations or target identified, this filing has no material standalone impact.
Key Financial Metrics
Key Facts
- $250 million SPAC IPO: 25,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-third of one redeemable warrant.
- Underwriters have a 45-day option to purchase up to an additional 3,750,000 units to cover over-allotments.
- Sponsor (Haymaker Sponsor V LLC) and underwriters committed to purchase 5,333,333 private placement warrants at $1.50/warrant ($8M aggregate).
- $250M ($10.00/unit) will be deposited into a trust account; $2.25M held outside for working capital.
- 24-month deadline from closing to complete an initial business combination, extendable by shareholder vote.
- Management team has prior SPAC success with Haymaker I-IV, including deals with OneSpaWorld, ARKO, biote, and Suncrete.
Financial Impact
IPO gross proceeds of $250M from units plus $8M from private placement warrants, totaling $258M. $250M placed in trust.
Risk Factors
- No target identified; risk of liquidation if no business combination within 24 months.
- Significant dilution risk: sponsor paid ~$0.004/share for founder shares vs. $10.00/unit public offering price.
- Conflicts of interest: management also involved with other SPACs (SUMA, CSLM Digital, Cambridge), creating competition for deal flow.
- Potential for high redemptions at deal announcement, reducing trust cash available for the business combination.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001193125-26-391060 |
| Document: 0001193125-26-391060-index-headers.html | 0001193125-26-391060 |
| Document: 0001193125-26-391060-index.html | 0001193125-26-391060 |
| Document: 0001193125-26-391060.txt | 0001193125-26-391060 |
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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