Haymaker Acquisition Corp. 4 8-K

What Happened

• Haymaker Acquisition Corp. 4 (HYAC) filed an 8‑K on April 14, 2026 reporting the closing of its Business Combination and entering into multiple material agreements to implement and support the combined company.
• Key actions included a Warrant Agreement amendment (to effect a warrant redemption), a prepaid forward purchase agreement, amendments to existing credit facilities to add guarantors and permit the transactions, indemnification and registration‑rights agreements, an amendment to a purchase agreement for Schwarz assets, and assumption/payment under a management agreement (including a $10 million diligence/integration fee to Dothan Management).
• Corporate governance changes became effective on closing: an Amended and Restated Certificate of Incorporation (authorized shares increased to 510,000,000), new Bylaws, a Series A Certificate of Designation and adoption of a Code of Business Conduct and Ethics. The company ceased to be a shell company.

Key Details

• Warrant Amendment executed April 8, 2026 to effect the Warrant Redemption (warrant agent: Continental Stock Transfer & Trust Company).
• Forward Purchase Agreement (April 6, 2026): sellers (Harraden Circle funds) agreed to a prepaid share forward for up to 5,000,000 shares; prepayment equals number of shares × per‑share redemption price at closing; sellers waive redemption rights during the agreement.
• Credit amendments: original facilities remain a $205 million term loan and $25 million revolver; Second Amendment (Mar 25, 2026) and Third Amendment (Apr 7, 2026) permit the Business Combination, add the Company and SPAC as guarantors, and accommodate the prepaid forward.
• Dothan Management Agreement Amendment (Apr 8, 2026): Company assumes the agreement and will pay $10 million as a diligence and integration fee; also provides for quarterly consulting payments to Dothan Management.
• Schwarz Purchase Agreement Amendment (Mar 27, 2026): deferred payment deadline extended from Mar 31, 2026 to June 30, 2026 (auto‑extend to July 31); interest accrues on unpaid amounts after June 30.

Why It Matters

• Completion of the Business Combination and these agreements mark HYAC’s transition from a SPAC shell to an operating public company (investors should note the company is no longer a shell).
• The forward purchase injects immediate cash to sellers (via the trust) and restricts redemptions for the prepaid shares, which can affect post‑closing share float and liquidity.
• Credit agreement amendments preserve the company’s senior secured financing and add the combined entity as guarantor, which is material to leverage and creditor rights.
• Registration‑rights and indemnification agreements set resale mechanics and legal protections for insiders and selling holders; governance changes (charter, bylaws, code) define investor voting rights and director removal thresholds going forward.

For full legal terms, exhibit copies (agreements, amended charter, bylaws, certificates and the Code) are filed as exhibits to the 8‑K and are incorporated by reference.