Haymaker Acquisition Corp V Completes $287.5M IPO

New York, NY, USA - Haymaker Acquisition Corp V announced the closing of its initial public offering of 28,750,000 units at a price of $10.00 per unit, generating gross proceeds of $287,500,000. The offering includes 3,750,000 units issued pursuant to the full exercise of the underwriters' over-allotment option.

The company's units began trading on the New York Stock Exchange under the ticker symbol HYACU. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 per share. Once separated, the Class A ordinary shares and warrants are expected to trade under the symbols HYAC and HYACW, respectively.

Transaction Details

• Gross Proceeds: $287,500,000
• Offering Size: 28,750,000 units
• Unit Price: $10.00
• Ticker Symbol: HYACU
• Exchange: New York Stock Exchange

The proceeds from the initial public offering and a simultaneous private placement of warrants were placed in trust. Haymaker Acquisition Corp V is a blank check company formed to execute a business combination with one or more businesses, focusing primarily on companies in the industrial, consumer, and consumer-related products and services industries.

Cantor Fitzgerald & Co. and William Blair acted as joint book-running managers for the offering, while Roth Capital Partners served as co-manager.