Haymaker Acquisition Corp. 4 8-K

What Happened Haymaker Acquisition Corp. 4 (HYAC) filed an 8‑K on March 24, 2026 disclosing that Haymaker and Suncrete entered into Non‑Redemption Agreements with certain investors. Under those agreements the Investors agreed to acquire an aggregate of 4,442,085 Class A ordinary shares originally issued in Haymaker’s IPO, waive redemption rights and hold the Public Shares through the closing date of the planned business combination between Haymaker, PubCo and Suncrete. The Investors also agreed to abstain from voting those Public Shares for or against the Business Combination. Suncrete agreed to reimburse sellers for the difference between the actual redemption price and the price at which sellers sell their Public Shares to the Investors.

Key Details

• Investors agreed to acquire 4,442,085 Class A ordinary shares (Public Shares).
• Haymaker is expected to receive approximately $10.75 in net proceeds per non‑redeemed Public Share after fees paid by Suncrete.
• The parties state that, assuming Investors acquire all agreed Public Shares and a previously announced PIPE closes for $105.5 million, the Minimum Cash Condition in the Business Combination Agreement is expected to be satisfied at closing.
• The Investors must buy the shares at a price no higher than the redemption price and will abstain from voting those shares; Suncrete will compensate sellers for any difference between redemption price and sale price.

Why It Matters These Non‑Redemption Agreements are intended to reduce share redemptions and help ensure the transaction meets the Minimum Cash Condition required to close the merger with Suncrete. For retail investors, this could increase the likelihood the business combination proceeds as planned, but completion still depends on multiple closing conditions (including the PIPE and shareholder/warrantholder approvals). The filing also includes standard forward‑looking risk disclosures—material risks include a party failing to meet obligations under the agreements, higher-than-expected redemptions, and the possibility the PIPE or other closing conditions are not satisfied. Investors should read the definitive proxy statement/prospectus and related SEC filings for full details.