Haymaker Acquisition Corp V said it closed its initial public offering of 28,750,000 units, including 3,750,000 units issued through the underwriters’ over-allotment option exercised in full, according to PR Newswire. The offering was priced at $10.00 per unit and generated gross proceeds of $287,500,000, according to PR Newswire.
IPO terms and trading details
The company’s units began trading on September 17, 2026 on the New York Stock Exchange under the ticker symbol “HYACU,” according to PR Newswire. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, and each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to certain adjustments, according to PR Newswire.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade, according to PR Newswire. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “HYAC” and “HYACW,” respectively, according to PR Newswire.
Trust account and structure
Of the proceeds received from the consummation of the initial public offering, including the over-allotment option, and a simultaneous private placement of warrants, $287,500,000, or $10.00 per unit sold in the offering, was placed in trust, according to PR Newswire. Haymaker Acquisition Corp V described itself as a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, according to PR Newswire.
The company said it may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution, according to PR Newswire. The company said its primary focus will be on companies in the industrial, consumer, and consumer-related products and services industries, according to PR Newswire.
Management, banks, and SEC process
Haymaker Acquisition Corp V’s management team is led by Christopher Bradley, who serves as Chairman, Chief Executive Officer, and Chief Financial Officer, according to PR Newswire. The company’s board of directors includes Christopher Bradley, Brian Shimko, Harris Heyer, Walter McLallen, William Heyer, and James Heyer, according to PR Newswire.
Cantor Fitzgerald & Co. and William Blair acted as joint book-running managers for the offering, and Roth Capital Partners acted as co-manager, according to PR Newswire. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on September 16, 2026, according to PR Newswire.
The offering was made only by means of a prospectus, and PR Newswire listed Cantor Fitzgerald & Co. and William Blair & Company, L.L.C. as sources for obtaining prospectus copies, as well as the SEC’s website, www.sec.gov. PR Newswire also stated that the press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such actions would be unlawful prior to registration or qualification under applicable securities laws.
