AcquisitionApr 8, 2026, 05:26 PM
Suncrete Completes Business Combination with Haymaker Acquisition Corp. 4, Securing Approximately $59M in Trust Account After Redemptions
AI Summary
Suncrete, Inc. announced the successful completion of its business combination with Haymaker Acquisition Corp. 4 on April 8, 2026. This strategic transaction marks a significant milestone for Suncrete, transitioning it into a publicly traded entity. However, the deal saw substantial redemptions, with 12,628,150 Class A ordinary shares of Haymaker being redeemed at a price of $11.57 per share. As a result, approximately $59 million remained in the trust account after redemptions and payments to holders under prepaid forward agreements, and before paying expenses, providing the combined entity with capital for its future operations and growth initiatives.
Key Highlights
- Suncrete, Inc. completed its business combination with Haymaker Acquisition Corp. 4 on April 8, 2026.
- A total of 12,628,150 Class A ordinary shares were redeemed by Haymaker shareholders.
- The redemption price for each share was $11.57.
- Following redemptions and payments under prepaid forward agreements, approximately $59 million remained in the trust account before expenses.