Haymaker Acquisition Corp. Announces Closing of $300,000,000 Initial Public Offering
27 Octobre 2017 - 10:05PM
Haymaker Acquisition Corp. (NASDAQ:HYACU) (the "Company") announced
today that it closed its initial public offering of 30,000,000
units. The offering was priced at $10.00 per unit, resulting in
gross proceeds of $300,000,000.
The Company's units began trading on the NASDAQ Capital Market
under the ticker symbol “HYACU” on October 25, 2017. Each unit
consists of one share of the Company's Class A common stock and one
half of one warrant. Each whole warrant will entitle the holder
thereof to purchase one share of the Company's Class A common stock
at $11.50 per share. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. Once
the securities comprising the units begin separate trading, the
common stock and warrants are expected to be listed on the NASDAQ
Capital Market under the ticker symbols “HYAC” and “HYACW”,
respectively.
The Company is a blank check company formed for the purpose of
entering into a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. The Company’s acquisition and value
creation strategy will be to identify, acquire and, after its
initial business combination, build a company in the consumer or
consumer-related products and services industries. The proceeds of
the offering will be used to fund such business combination. The
Company is led by Chief Executive Officer and Executive Chairman
Steven J. Heyer and President Andrew R. Heyer.
Cantor Fitzgerald & Co. served as the sole book running
manager. The Company has granted the underwriters a 45-day option
to purchase up to 4,500,000 additional units to cover
over-allotments, if any.
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of units,
$300,000,000 (or $10.00 per unit sold in the public offering) was
placed in trust. An audited balance sheet of the Company as of
October 27, 2017 reflecting receipt of the proceeds upon
consummation of the initial public offering and the private
placement will be included as an exhibit to a Current Report on
Form 8-K to be filed by the Company with the Securities and
Exchange Commission.
Ellenoff Grossman & Schole LLP acted as counsel to the
Company and Graubard Miller acted as counsel to the
underwriters.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from Cantor
Fitzgerald & Co., 499 Park Avenue, New York, New York 10022,
Attn: Kevin Brennan, kbrennan@cantor.com, tel.: (212) 915-1970.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission on October 24, 2017.
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 an
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
anticipated use of the net proceeds. 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 offering filed with the Securities
and Exchange Commission (“SEC”). Copies 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.
Contacts
Christopher Bradley(212)
616-9600CBradley@mistralequity.com
Melissa Calandruccio (646)
277-1273Melissa.calandruccio@icrinc.com
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