Company: HYAC-WT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001410578-25-000354
Chunk: 11

Company: Haymaker Acquisition Corp. 4
Filing Date: 2025-03-14
Form: 10-K
Item: Item 11E
Chunk 11
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Item 11.    Executive Compensation.

None of our executive officers or directors have received any cash compensation for services rendered to us as of the date of this Report. Our Audit Committee reviews on a quarterly basis all payments that were made to our Sponsor, executive officers or directors, or their affiliates. Any such payments prior to an initial Business Combination are made from funds held outside the Trust Account. Other than quarterly Audit Committee review of such reimbursements, we do not have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial Business Combination.

There are no fees, reimbursements or cash payments made by us to our Sponsor, officers or directors, or our or their affiliates, for services rendered to us prior to or in connection with the completion of our initial Business Combination, other than the following payments, none of which have been or will be made from the proceeds of the Initial Public Offering held in the Trust Account prior to the completion of our initial Business Combination:

●Repayment on July 28, 2023 of the outstanding balance in full under the IPO Promissory Note made to us by our Sponsor to cover offering-related and organizational expenses. Borrowings under the IPO Promissory Note are no longer available;

●Payment to an affiliate of our Vice President of $20,000 per month, for office space, utilities and secretarial and administrative support, pursuant to the Administrative Services Agreement;

●Payment to an affiliate of our Chief Financial Officer of $20,000 per month for services rendered prior to the consummation of our initial Business Combination, which amounts will be accrued and will only be payable upon the successful completion of our initial Business Combination, pursuant to the Advisory Services Agreement;

●Reimbursement for any out of-pocket expenses related to identifying, investigating and completing an initial Business Combination;

●Payment of a finder’s fee, consulting fee or success fee for any services they render in order to effectuate the completion of our initial Business Combination; and

●Repayment of non-interest bearing Working Capital Loans that may be made by our Sponsor or an affiliate of our Sponsor or certain of our officers and directors to finance transaction costs in connection with an intended initial Business