Haymaker Acquisition Corp V Raises $287.5 Million in NYSE IPO

Haymaker Acquisition Corp V, a special purpose acquisition company (SPAC), has closed its initial public offering, raising $287.5 million in gross proceeds after underwriters fully exercised their over-allotment option. The blank check company's units began trading on the New York Stock Exchange on Sept. 17, 2026, according to a company press release.

Offering Details

The IPO consisted of the sale of 28,750,000 units at a price of $10.00 per unit. The total includes 3,750,000 units sold as part of the over-allotment option. The units are trading on the NYSE under the ticker symbol "HYACU."

Each unit is composed of one Class A ordinary share and one-third of one redeemable warrant. A whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50. Once the securities begin trading separately, the shares and warrants are expected to be listed under the symbols "HYAC" and "HYACW," respectively.

Strategy and Leadership

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As a SPAC, Haymaker Acquisition Corp V was formed to pursue a merger, asset acquisition, or a similar business combination with one or more businesses. The company has stated its primary focus for a potential target is on companies in the industrial, consumer, and consumer-related products and services industries.

The company is led by Christopher Bradley, who serves as Chairman, Chief Executive Officer, and Chief Financial Officer. The proceeds from the offering have been placed into a trust account, a standard procedure for SPACs to safeguard funds while they search for an acquisition target.

Underwriters

The offering was managed by a team of investment banks. Cantor Fitzgerald & Co. and William Blair acted as joint book-running managers, with Roth Capital Partners serving as co-manager for the deal. The U.S. Securities and Exchange Commission (SEC) declared the registration statement for the offering effective on Sept. 16, 2026.