--- title: "Haymaker Acquisition Corp. 4 SEC 10-K Report" type: "News" locale: "en" url: "https://longbridge.com/en/news/231908909.md" description: "Haymaker Acquisition Corp. 4 has released its Form 10-K report for the fiscal year ended December 31, 2024. The company reported a net income of $11.32 million, primarily from interest income. It raised $230 million through its IPO and is focused on completing an initial Business Combination by July 28, 2025. The company faces significant risks, including the ability to select a target business and potential conflicts of interest. Future outlook remains uncertain due to liquidity concerns and regulatory challenges." datetime: "2025-03-14T21:18:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/231908909.md) - [en](https://longbridge.com/en/news/231908909.md) - [zh-HK](https://longbridge.com/zh-HK/news/231908909.md) --- # Haymaker Acquisition Corp. 4 SEC 10-K Report Haymaker Acquisition Corp. 4, a blank check company incorporated in the Cayman Islands, has released its Form 10-K report for the fiscal year ended December 31, 2024. The company, which focuses on effecting an initial Business Combination with businesses in the consumer and consumer-related products and services industries, has provided detailed insights into its financial performance, business operations, strategic initiatives, and the challenges it faces. **Financial Highlights** - **Net Income:** $11.32 million for the year ended December 31, 2024, primarily driven by interest income on investments held in the Trust Account. - **Net Income:** $4.70 million for the period from March 7, 2023 (inception) through December 31, 2023, primarily driven by interest income on investments held in the Trust Account. - **Net Income Per Share:** Not explicitly stated, but income and losses are shared pro rata between the two classes of Ordinary Shares. **Business Highlights** - **Business Model:** The company is a blank check company focusing on effecting an initial Business Combination with businesses in the consumer and consumer-related products and services industries. The management team is experienced in identifying and repositioning brands globally. - **Initial Public Offering:** On July 28, 2023, the company completed its Initial Public Offering, raising $230 million through the sale of 23 million units. Each unit consists of one Public Share and one-half of one Public Warrant. - **Management Team:** Led by Christopher Bradley, Steven J. Heyer, and Andrew R. Heyer, the team has extensive experience in mergers and acquisitions, public equities, and the consumer products industry. They have a history of creating value for shareholders through strategic initiatives. - **Business Strategy:** The company's strategy is to leverage its management team's network and expertise to identify and acquire a target business in the consumer and consumer-related products and services industries. The focus is on businesses that can benefit from operational value creation initiatives. - **Operational Focus:** The company is not limited to the U.S. market and may pursue opportunities globally, utilizing its management team's extensive network and experience in international markets. - **Future Outlook:** The company must complete its initial Business Combination by July 28, 2025, or it will liquidate and distribute the trust account funds to shareholders. The management team is actively seeking a suitable target for acquisition. - **Regulatory Environment:** The 2024 SPAC Rules, effective July 1, 2024, may impact the company's ability to negotiate and complete its initial Business Combination, potentially increasing costs and time required for completion. **Strategic Initiatives** - **Strategic Initiatives:** The company is focused on completing an initial Business Combination by July 28, 2025, with a target in the consumer and consumer-related products and services industries. The company is also considering extending the Combination Period, which would require shareholder approval and could impact its NYSE listing status. - **Capital Management:** The company raised $230 million through its Initial Public Offering and an additional $7.976 million through the sale of Private Placement Units. The funds are held in a Trust Account and are intended to be used for the initial Business Combination. The company has a working capital deficit of $509,895 as of December 31, 2024, and has drawn $400,000 on a WCL Promissory Note for working capital expenses. The company has not paid any dividends and does not plan to do so before completing the Business Combination. - **Future Outlook:** The company faces substantial doubt about its ability to continue as a going concern due to its liquidity condition. It intends to complete the initial Business Combination before the end of the Combination Period, but there is no assurance of success. The 2024 SPAC Rules may also impact the company's ability to negotiate and complete the Business Combination, potentially increasing costs and time required. **Challenges and Risks** - **Significant Risks:** The company faces significant risks as a blank check company, including the inability to select an appropriate target business or complete the Business Combination within the specified period. - **Personnel Risks:** There is a risk of not being able to retain or recruit key personnel post-Business Combination, which could impact operations. - **Conflicts of Interest:** The company may face conflicts of interest as officers and directors allocate their time between the company and other ventures. - **Financing Risks:** Additional financing may be required to complete the Business Combination, and there is no assurance of obtaining it. - **Shareholder Risks:** Shareholders may not have the opportunity to vote on the initial Business Combination, and Trust Account funds may not be protected against third-party claims or bankruptcy. - **Market Conditions:** Market conditions, including inflation and interest rate increases, could hinder the ability to consummate a Business Combination. - **Regulatory Challenges:** The company may face challenges if the target business is subject to regulatory review or approval, particularly under U.S. or foreign laws. - **NYSE Listing Risks:** The company’s securities could be delisted from NYSE if the Business Combination is not completed by July 26, 2027, affecting liquidity and trading. - **Going Concern:** There is substantial doubt about the company’s ability to continue as a going concern due to potential financing needs and liquidation deadlines. SEC Filing: Haymaker Acquisition Corp. 4 \[ HYAC \] - 10-K - Mar. 14, 2025 ### Related Stocks - [HYAC.U.US](https://longbridge.com/en/quote/HYAC.U.US.md) - [HYAC.US](https://longbridge.com/en/quote/HYAC.US.md) - [RMIX.US](https://longbridge.com/en/quote/RMIX.US.md) ## Related News & Research - [BOXABL Announces SEC Declaration of Effectiveness of Form S-4 Registration Statement | BXBL Stock News](https://longbridge.com/en/news/286416882.md) - [Greenwave Technology Delays Quarterly SEC Filing](https://longbridge.com/en/news/286623944.md) - [Two Hands delays quarterly SEC filing briefly](https://longbridge.com/en/news/286587993.md) - [Assessing Automatic Data Processing's Performance Against Competitors In Professional Services Industry](https://longbridge.com/en/news/286893812.md) - [SEC announces new rules to make IPOs great again](https://longbridge.com/en/news/286959614.md)