Company: HYAC-WT
Filing Date: 2025-07-01
Form Type: DEF 14A
Source: 0001104659-25-064707
Chunk: 16

Company: Haymaker Acquisition Corp. 4
Filing Date: 2025-07-01
Form: DEF 14A
Chunk 16
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 our Sponsor, will not receive any monies held in the Trust Account as a result of their ownership of the founder shares. Q: How does the Board recommend I vote on these Proposals? A: Our Board recommends that you vote your shares: • “FOR” the Extension Amendment Proposal; • “FOR” the Director Appointment Proposal; • “FOR” the Auditor Proposal; and • “FOR” the Adjournment Proposal. Q: Why is the Company proposing the Extension Amendment Proposal? A: Our Articles provide for the return of the funds held in the Trust Account to the holders of public shares if we do not consummate a business combination on or before July 28, 2025. As we explain below, we may not be able to enter into and consummate an initial business combination by that date. We are asking for an extension of this timeframe in order to enter into and consummate a business combination. Our Board currently believes that there is not sufficient time before July 28, 2025 to enter into a definitive agreement relating to an initial business combination, to hold an Annual Meeting to obtain the shareholder approvals required in connection with a business combination and to consummate the closing of a business combination. Accordingly, in order for us to consider, negotiate and enter into a definitive agreement relating to a business combination, for our shareholders to be able to evaluate the potential business combination and for us to be able to consummate such business combination, we will need to obtain the Extension. Q: Why should I vote “FOR” the Extension Amendment Proposal? A: Our Articles provide that if our shareholders approve an amendment to our Articles that would affect the substance or timing of our obligation to redeem all of our public shares if we do not consummate our initial business combination before July 28, 2025, we will provide our public shareholders with the opportunity to redeem all or a portion of their ordinary shares upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account, net of taxes paid or payable, divided by the number of then-outstanding public shares. This provision of the Articles was included to protect our shareholders from having to sustain their investments for an unreasonably long period if we failed to find a suitable business combination in the timeframe contemplated by the Articles. The Extension Amendment Proposal would give us the opportunity to consummate a business combination, which our Board believes is in the best interests of the Company. If you