Monitor for a potential de-SPAC business combination announcement, which could trigger additional institutional filings or stake changes. The passive nature of this filing suggests no near-term activist pressure.
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Executive Summary
Bank of Nova Scotia (Scotiabank) filed a Schedule 13G disclosing a passive 7.38% stake in Haymaker Acquisition Corp V, a blank-check company. The filing indicates no intent to influence management and is consistent with prior passive filings by other institutional investors in this SPAC. The stake size is notable for a passive position but routine for a SPAC nearing a potential business combination.
Key Financial Metrics
Key Facts
- Bank of Nova Scotia disclosed beneficial ownership of 2,123,000 shares of Haymaker Acquisition Corp V common stock.
- The stake represents 7.38% of shares outstanding as of September 30, 2026.
- The filing is made under Rule 13d-1(b), confirming a passive investment intent with no control or influence purpose.
- The filer is a Canadian bank, not an activist or hedge fund, reducing the likelihood of a future 13D conversion.
Financial Impact
Passive 7.38% stake in a SPAC with no current operating business; no direct financial impact.
Risk Factors
- SPACs carry inherent risk of failing to complete a business combination, leading to liquidation.
- Multiple passive filings from different institutions (Linden Capital, Millennium Management, MMCAP) suggest broad but passive institutional interest, not concentrated conviction.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000009631-26-000032 |
| Document: 0000009631-26-000032-index.html | 0000009631-26-000032 |
| Document: 0000009631-26-000032.txt | 0000009631-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d 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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