Haymaker Acquisition Corp V sponsor holds 7.19M shares
The sponsor’s reported Class B shares convert one-for-one into Class A ordinary shares at the initial business combination, or earlier at the holder’s option.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Haymaker Acquisition Corp V (HYAC) lists Haymaker Sponsor V, LLC, Mistral Capital Management, LLC, and Andrew R. Heyer as 10% owners. The sponsor directly holds 7,187,500 Class B ordinary shares. Mistral is the sponsor’s sole managing member; Heyer manages Mistral and holds voting and investment discretion over the shares held of record by the sponsor, so he may be deemed to beneficially own them. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
The Class B shares automatically convert into Class A ordinary shares at the initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to certain adjustments. They have no expiration date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares F1, F2, F3 | -- | -- | -- |
Footnotes (3)
- F1. As described in the registration statement on Form S-1 (File No. 333-298544) of Haymaker Acquisition Corp V (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- F2. These shares represent the Class B ordinary shares held by Haymaker Sponsor V LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.
- F3. Mistral Capital Management LLC ("Mistral") is the sole managing member of the Sponsor and Andrew Heyer is the managing member of Mistral and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Heyer may be deemed to have beneficial ownership of the securities held of record by the Sponsor. The reporting persons disclaim beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
voting and investment discretion regulatory
pecuniary interest financial
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