Haymaker Acquisition Corp V Completes $287,500,000 Initial Public Offering

Haymaker Acquisition Corp V raises $287.5 million in a NYSE-listed SPAC IPO and deposits all proceeds into a trust account.

Rhea-AI Summary

Haymaker Acquisition Corp V (HYAC) closed its initial public offering of 28,750,000 units on September 18, 2026, including 3,750,000 units from the full exercise of the underwriters’ over-allotment option, at $10.00 per unit for gross proceeds of $287,500,000.

The units began trading on September 17, 2026, on the NYSE under the symbol HYACU. Each unit includes one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 per share, subject to adjustments, and only whole warrants will trade. Once separated, the Class A ordinary shares and warrants are expected to trade on NYSE under HYAC and HYACW, respectively.

All $287,500,000 of proceeds from the IPO and a concurrent private warrant placement were placed in a trust account. The blank check company plans to pursue business combinations, with a primary focus on industrial, consumer and related sectors.

Positive

• IPO gross proceeds of $287,500,000 from 28,750,000 units at $10.00 each
• Full exercise of underwriters’ over-allotment option for 3,750,000 additional units
• All IPO and private placement proceeds of $287,500,000 deposited into a trust account

Negative

• None.

Market Context

The supplied prior close was $10.75, a pre-headline market reference as HYAC completed its IPO; the ...

Analysis

The supplied prior close was $10.75, a pre-headline market reference as HYAC completed its IPO; the data provided no same-program historical event qualifying for comparison.

Key Figures

Units issued: 28,750,000 units Offering price: $10.00 per unit Gross proceeds: $287,500,000 +5 more

Units issued

28,750,000 units

Initial public offering, including full over-allotment exercise

Offering price

$10.00 per unit

Initial public offering

Gross proceeds

$287,500,000

Initial public offering

Over-allotment option

3,750,000 units

Exercised in full by underwriters

Warrant allocation

One-third of one redeemable warrant per unit

Each whole warrant entitles purchase of one Class A ordinary share

Warrant exercise price

$11.50 per share

Subject to certain adjustments

Trust proceeds

$287,500,000

Placed in trust from the offering and simultaneous private placement

Registration effectiveness

September 16, 2026

SEC registration statement declared effective

Key Terms

initial public offering, over-allotment option, redeemable warrant, blank check company

4 terms

initial public offering financial

"closing of its initial public offering of 28,750,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotment option financial

"exercise by the underwriters of their over-allotment option in full"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one-third of one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

blank check company financial

"The Company is a blank check company formed for the purpose"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Sept. 18, 2026 /PRNewswire/ -- Haymaker Acquisition Corp V (the "Company") announced today the closing of its initial public offering of 28,750,000 units, which includes 3,750,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $287,500,000. The Company's units began trading on September 17, 2026, on The New York Stock Exchange ("NYSE") under the ticker symbol "HYACU." Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols "HYAC" and "HYACW," respectively. Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants, $287,500,000 (or $10.00 per unit sold in the offering) was placed in trust.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company's primary focus will be on companies in the industrial, consumer and consumer-related products and services industries.

The Company's management team is led by Christopher Bradley, its Chairman, Chief Executive Officer and Chief Financial Officer. The Company's board of directors includes Christopher Bradley, Brian Shimko, Harris Heyer, Walter McLallen, William Heyer and James Heyer.

Cantor Fitzgerald & Co. and William Blair are acting as joint book-running managers for the offering. Roth Capital Partners is acting as co-manager of the offering.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on September 16, 2026. The offering has been made only by means of a prospectus. Copies of the prospectus may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59^th Street, New York, NY 10022, or by email at prospectus@cantor.com; William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at 1-800-621-0687 or by email at: prospectus@williamblair.com; or by accessing the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" including with respect to the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts
Haymaker Acquisition Corp V
cbradley@mistralequity.com
Attn: Christopher Bradley

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SOURCE Haymaker Acquisition Corp. V

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does each HYAC unit consist of and how do the warrants work?

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustments. No fractional warrants will be issued upon separation of the units, and only whole warrants will trade.

Under which ticker symbols will Haymaker Acquisition Corp V securities trade on the NYSE?

The units trade on the NYSE under the symbol HYACU. After the securities separate, the Class A ordinary shares are expected to trade under HYAC and the warrants under HYACW.

How much money was placed in the trust account and at what rate per unit?

A total of $287,500,000, equal to $10.00 per unit sold in the offering, was placed in a trust account from the IPO proceeds and the simultaneous private placement of warrants.

What is the business purpose and sector focus of Haymaker Acquisition Corp V?

The company is a blank check company formed to complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company’s primary focus will be on businesses in the industrial, consumer and consumer-related products and services industries, but it may pursue opportunities in any sector or stage of corporate evolution.

Who leads Haymaker Acquisition Corp V and who serves on its board?

The management team is led by Christopher Bradley, who serves as Chairman, Chief Executive Officer and Chief Financial Officer. The board of directors includes Christopher Bradley, Brian Shimko, Harris Heyer, Walter McLallen, William Heyer and James Heyer.

Which firms managed the offering and how can investors obtain the prospectus?

Cantor Fitzgerald & Co. and William Blair are joint book-running managers, and Roth Capital Partners is co-manager. Copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, email prospectus@cantor.com; from William Blair & Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, telephone 1-800-621-0687, email prospectus@williamblair.com; or by accessing the SEC’s website at www.sec.gov.