Company: HYAC-WT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001410578-25-000354
Chunk: 14

Company: Haymaker Acquisition Corp. 4
Filing Date: 2025-03-14
Form: 10-K
Item: Item 13
Chunk 14
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Item 13.    Certain Relationships and Related Transactions, and Director Independence.

In March 2023, our Sponsor paid $25,000, or approximately $0.004 per share, to cover certain expenses on our behalf in consideration of 5,750,000 Founder Shares. The number of Founder Shares outstanding was determined based on the expectation that the total size of the Initial Public Offering would be a maximum of 23,000,000 Units if the Over-Allotment Option was exercised in full, and therefore that such Founder Shares would represent approximately 20% of the outstanding Ordinary Shares after the Initial Public Offering (not including the Class A Ordinary Shares underlying the Private Placement Units). Of the 5,750,000 Class B Ordinary Shares outstanding, up to 750,000 shares were subject to forfeiture to the extent that the Over-Allotment Option was not exercised in full or in part. On July 28, 2023, the Over-Allotment Option was exercised in full, so those 750,000 Class B Ordinary Shares are no longer subject to forfeiture.

Pursuant to the Unit Subscription Agreement, our Sponsor also purchased 797,600 Private Placement Units, including 30,000 Private Placement Units issued in connection with the full exercise of the Over-Allotment Option, for an aggregate purchase price of $7,976,000, or $10.00 per Private Placement Unit, in the Private Placement. The Private Placement Units are identical to the Units sold in the Initial Public Offering, subject to certain limited exceptions as described in the IPO Registration Statement. The Private Placement