Haymaker Acquisition 2025 10-K: Net Loss of $(1.47) M, Trust Interest Income $10.37M
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Haymaker Acquisition reported a net loss of $1.47 million for 2025, down from a net income of $11.32 million in 2024. The loss was attributed to fair-value adjustments to PIPE liabilities and general expenses, despite earning $10.37 million in interest from its Trust Account. The company is pursuing a business combination with Suncrete, securing $167.1 million in PIPE commitments to support operations post-transaction. Management changes have been made to facilitate the merger and governance of the new entity.
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