Haymaker Acquisition Corp V Completes IPO; Raises $287.5M

What Happened

• Haymaker Acquisition Corp V (HYAC) announced it consummated its initial public offering on September 18, 2026. The company sold 28,750,000 units at $10.00 per unit, generating gross IPO proceeds of $287,500,000.
• Simultaneously, the company completed a private placement of 5,333,333 warrants for $1.50 each, generating $8,000,000 in additional proceeds. A total of $287,500,000 (net IPO proceeds as reported) was placed in a U.S.-based trust account. An audited balance sheet as of September 18, 2026 is included as Exhibit 99.1 to the Form 8-K.

Key Details

• Units sold: 28,750,000 (includes 3,750,000 units from full exercise of underwriters’ over-allotment).
• Unit composition: 1 Class A ordinary share + 1/3 of a warrant; full warrant exercise price is $11.50 per share.
• Private Placement: 5,333,333 warrants sold at $1.50 each ($8,000,000); 4,000,000 went to Haymaker Sponsor V LLC and 1,333,333 to the IPO underwriters (Cantor Fitzgerald, William Blair, Roth Capital).
• Trustee: Trust account maintained by Continental Stock Transfer & Trust Company; underwriter’s deferred discount of $12,250,000 is included in the reported net proceeds.

Why It Matters

• For investors, the filing confirms the SPAC has completed its capital raise and placed the reported proceeds in trust, which are typically used to fund an acquisition (business combination) or returned to public shareholders if no transaction is completed.
• The number of warrants outstanding and the sponsor/underwriter holdings are important because they can affect future dilution and potential exercise-related capital.
• The audited balance sheet attached provides a certified snapshot of the company’s financial position immediately after the IPO and private placement.