Haymaker Acquisition Corp. 4 Completes Business Combination with Onyx Enterprises
Ticker: HYAC-WT · Form: 8-K · Filed: Jun 13, 2024 · CIK: 1970509
| Field | Detail |
|---|---|
| Company | Haymaker Acquisition Corp. 4 (HYAC-WT) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $1,500,000, $10.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, merger, business-combination
Related Tickers: ONXX
TL;DR
HYAC is now ONXX after merging with Onyx Enterprises.
AI Summary
Haymaker Acquisition Corp. 4 (HYAC) announced on June 10, 2024, the closing of its business combination with Onyx Enterprises, Inc. The transaction resulted in the combined entity being renamed and will trade under the ticker symbol 'ONXX' on the NYSE. This marks a significant step for HYAC as it transitions from a special purpose acquisition company to an operating entity.
Why It Matters
This filing signifies the completion of a SPAC merger, transitioning Haymaker Acquisition Corp. 4 into a publicly traded operating company, Onyx Enterprises, Inc., which will trade under a new ticker symbol.
Risk Assessment
Risk Level: medium — The transition from a SPAC to an operating company involves inherent risks related to integration, market performance, and achieving projected business goals.
Key Players & Entities
- Haymaker Acquisition Corp. 4 (company) — Registrant
- Onyx Enterprises, Inc. (company) — Target company in business combination
- ONXX (company) — New ticker symbol for the combined entity
- NYSE (company) — Exchange where the combined entity will trade
FAQ
What is the new name of the combined entity?
The combined entity will be renamed Onyx Enterprises, Inc.
What is the new ticker symbol for the combined entity?
The combined entity will trade under the ticker symbol 'ONXX'.
On which exchange will the combined entity trade?
The combined entity will trade on the NYSE.
What was the date of the earliest event reported in this filing?
The date of the earliest event reported is June 10, 2024.
What type of transaction did Haymaker Acquisition Corp. 4 complete?
Haymaker Acquisition Corp. 4 completed its business combination with Onyx Enterprises, Inc.
Filing Stats: 746 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-06-13 16:16:11
Key Financial Figures
- $0.0001 — ge Class A ordinary shares, par value $0.0001 per share HYAC The New York Stock E
- $11.50 — ordinary share at an exercise price of $11.50 per share HYAC WS The New York Stoc
- $1,500,000 — ote ") in the principal amount of up to $1,500,000 to Haymaker Sponsor IV LLC (the " Spons
- $10.00 — into units of the Company at a price of $10.00 per unit (the " Conversion Units "), wh
Filing Documents
- tm2417090d1_8k.htm (8-K) — 34KB
- tm2417090d1_ex10-1.htm (EX-10.1) — 25KB
- 0001104659-24-071277.txt ( ) — 295KB
- hyac-20240610.xsd (EX-101.SCH) — 4KB
- hyac-20240610_def.xml (EX-101.DEF) — 27KB
- hyac-20240610_lab.xml (EX-101.LAB) — 37KB
- hyac-20240610_pre.xml (EX-101.PRE) — 25KB
- tm2417090d1_8k_htm.xml (XML) — 7KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On June 10, 2024, Haymaker Acquisition Corp. 4 (the " Company ") issued a promissory note (the " Note ") in the principal amount of up to $1,500,000 to Haymaker Sponsor IV LLC (the " Sponsor "). The Note was issued in connection with advances the Sponsor may make in the future to the Company from time to time for working capital expenses. The Note is non-interest bearing and payable upon the earlier of (i) completion of the Company's initial business combination or (ii) the date the winding up of the Company is effective. At the election of the Sponsor, all or a portion of the unpaid principal amount of the Note may be converted into units of the Company at a price of $10.00 per unit (the " Conversion Units "), which will be identical to the units issued by the Company to the Sponsor in a private placement upon consummation of the Company's initial public offering. The Conversion Units and their underlying securities are entitled to the registration rights set forth in the Note. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. The foregoing description is qualified in its entirety by reference to the Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant. The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Promissory Note of the Company, dated June 10, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HAYMAKER ACQUISITION CORP. 4 By: /s/ Christopher Bradley Name: Christopher Bradley Title: Chief Financial Officer Dated: June 13, 2024