Company: HYAC-WT
Filing Date: 2025-10-10
Form Type: 425
Source: 0001104659-25-098547
Chunk: 2

Company: Haymaker Acquisition Corp. 4
Filing Date: 2025-10-10
Form: 425
Chunk 2
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ger Effective Time”); and
(c) immediately following the Initial Merger Effective Time, Merger Sub II will merge with and into Suncrete (the “Acquisition Merger”
and, together with the Initial Merger, the “Mergers”, and collectively with the Domestication and all other transactions contemplated
by the Business Combination Agreement, the “Business Combination”), with Suncrete surviving the Acquisition Merger as a wholly
owned subsidiary of New Suncrete.

The Business Combination Agreement is subject
to the satisfaction or waiver of certain customary closing conditions, including, among others, the requisite approval of the Business
Combination Agreement and the transactions contemplated thereby by Haymaker’s equityholders and certain of Suncrete’s equityholders.

Concurrently with the execution and delivery of
the Business Combination Agreement, Suncrete, PubCo, SPAC and certain equityholders of Suncrete entered into support agreements (the “Company
Equityholder Support Agreements”), pursuant to which the equityholders of Suncrete party thereto agreed, among other things, to
vote in favor of the approval and adoption of the Business Combination and the transactions contemplated thereby. Further, such equityholders
of Suncrete, as well as Suncrete’s majority equityholder, have agreed to certain customary lock-up restrictions with respect to
their Suncrete securities, as well as any securities of PubCo issued to such holders pursuant to the Business Combination Agreement, in
each case subject to certain exceptions.

Concurrently with the execution and delivery of
the Business Combination Agreement, the Sponsor and certain officers and directors of SPAC (such holders, the “Sponsor Related Parties”)
entered into an agreement (the “Sponsor Support Agreement”) with Suncrete and PubCo, which supersedes the letter agreement
dated July 25, 2023, among the SPAC, the Sponsor and the Sponsor Related Parties. Pursuant to the Sponsor Support Agreement, among other
things, the Sponsor and the Sponsor Related Parties agreed to vote in favor of the adoption and approval of the Business Combination Agreement
and the transactions contemplated thereby and waive the anti-dilution rights set forth in SPAC’s organizational documents. The Sponsor
and the Sponsor Related Parties also agreed to certain customary lock-up restrictions with respect to their SPAC securities, as well as
any securities of PubCo issued to the Sponsor Related Parties pursuant to the Business Combination Agreement, in each case subject to
certain exceptions.

Concurrently with the execution and delivery of
the Business Combination Agreement, SPAC and Pub