Haymaker Acquisition Corp. 4 has disclosed in its recent 8-K filing that it has entered into Non-Redemption Agreements with certain investors. This move is part of the company's strategy to facilitate its business combination with Suncrete, Inc. and Concrete Partners Holding, LLC. The agreements involve the acquisition of approximately 4,442,085 Class A ordinary shares from Haymaker's shareholders, which were initially part of the units sold during its initial public offering. The investors will purchase these shares at a price not exceeding the redemption price, thereby waiving their redemption rights and agreeing to hold the shares until the closing of the business combination. This arrangement is expected to yield net proceeds of approximately $10.75 per non-redeemed public share for Haymaker, contingent upon the completion of the business combination and the satisfaction of the Minimum Cash Condition as outlined in the Business Combination Agreement. The company anticipates that this strategic move will enhance its liquidity and support the successful execution of the business combination, which is projected to close in the near future. Haymaker's management has expressed confidence that the Non-Redemption Agreements will contribute positively to the overall financial health of the company as it transitions into a combined entity with Suncrete.

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