Company: HYAC-WT
Filing Date: 2025-06-04
Form Type: PRE 14A
Source: 0001104659-25-056473
Chunk: 3

Company: Haymaker Acquisition Corp. 4
Filing Date: 2025-06-04
Form: PRE 14A
Chunk 3
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 the LOI Target (the “PE Sponsor”) has implemented this “buy and build” strategy with another portfolio company operating in an adjacent sector and successfully completed that portfolio company’s initial public offering several years ago. However, past performance may not be indicative of future results. As part of its commitment to the business combination with the Company, affiliates of the PE Sponsor intend to indirectly purchase a portion of the Sponsor’s shares and all of the Sponsor’s warrants. The final terms of such agreement to purchase are subject to ongoing negotiations between the Company and affiliates of the PE Sponsor, and no assurances can be made that such purchase will occur. Consummation of the proposed business combination is dependent on a variety of factors, many of which are beyond our control, including the execution of a mutually satisfactory definitive business combination agreement by the Company and the LOI Target, satisfactory completion of due diligence, approval by the boards and shareholders of both the Company and the LOI Target, and any applicable regulatory approvals. No assurances can be made that the proposed business combination will be consummated or that the Company and the LOI Target will enter into a definitive business combination agreement. The references above to Adjusted EBITDA, which is a non-GAAP measure (as such term is defined by the rules and regulations of the Securities and Exchange Commission), should be viewed as an addition to, and not a substitute for or superior to, financial measures calculated in accordance with GAAP. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. Use of non-GAAP financial measures may not be comparable to similar measures used by other companies. As used above, Adjusted EBITDA refers to earnings before interest expense, taxes, depreciation and amortization, and other non-recurring items, including certain executive compensation. The Company is unable to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to the most directly comparable GAAP measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items include, but are not limited to, compensation expense, acquisition-related charges, and the tax effect on non-GAAP adjustments. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. The purpose of the Extension Amendment is to allow us more time to enter into and consummate a business combination. The Articles currently provide that we have until 24 months from the consummation of the IPO (being until