S-K 1603, SPAC Sponsor; Conflicts of Interest
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Sep. 11, 2026 |
| SPAC Sponsor, its Affiliates and Promoters [Line Items] |
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| SPAC Sponsor [Table Text Block] |
Sponsor Information Our sponsor is a Delaware limited liability company, which was formed to invest in our company. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Andrew R. Heyer is the manager of Haymaker Sponsor V LLC (“Haymaker Sponsor”), our sponsor, and holds voting and investment discretion with respect to the ordinary shares held of record by Haymaker Sponsor. Andrew R. Heyer and his affiliates hold approximately 43% of the economic interests in Haymaker Sponsor. Assuming the underwriters’ over-allotment option is exercised in full, our officers and directors will collectively receive an indirect interest in approximately 30% of the founder shares held by our sponsor and approximately 19% of the private placement warrants held by our sponsor through membership interests in Haymaker Sponsor. Other third-party accredited investors with pre-existing business relationships with our management team and sponsor own an indirect interest in approximately 70% of the founder shares held by our sponsor and approximately 81% of the private placement warrants held by our sponsor (assuming the exercise in full of the underwriters’ over-allotment option). As of the date of this prospectus, other than Andrew R. Heyer, no other person has a direct or indirect material interest in our sponsor. The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:
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Entity/Individual |
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Amount of Compensation to be Received or Securities Issued or to be Issued |
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Consideration Paid or to be Paid |
| Haymaker Sponsor V LLC |
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7,187,500 Class B ordinary shares |
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$25,000 |
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4,000,000 Private Placement Warrants to be purchased simultaneously with the closing of this offering |
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$6,000,000 |
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Up to $400,000 |
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Repayment of loans made to us to cover offering related and organizational expenses. |
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Up to $1,500,000 in working capital loans, which loans may be convertible into warrants of the post-business combination company at a price of $1.50 per warrant |
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Working capital loans to finance transaction costs in connection with an initial business combination |
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Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination |
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Services in connection with identifying, investigating and completing an initial business combination |
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Entity/Individual |
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Amount of Compensation to be Received or Securities Issued or to be Issued |
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Consideration Paid or to be Paid |
| Holders of Class B ordinary shares |
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Anti-dilution protection upon conversion into Class A ordinary shares at a greater than one-to-one ratio |
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Issuance of the Class A ordinary shares issuable in connection with the conversion of the founder shares on a greater than one-to-one basis upon conversion |
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| Haymaker Sponsor V LLC, our officers, directors, or their respective affiliates |
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Finder’s fees, advisory fees, consulting fees or success fees |
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Any services in order to effectuate the completion of our initial business combination, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account |
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We may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and pay such person or entity a fee in an amount that constitutes a market standard for comparable transactions |
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| Affiliate of our Chief Executive Officer and Chief Financial Officer |
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We will pay an affiliate of our Chief Executive Officer and Chief Financial Officer $ 4 0,000 per month for services rendered prior to the consummation of our initial business combination, which amounts will be accrued from the closing of this offering and will only be payable upon the successful completion of our initial business combination |
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| Affiliate of our Chief Executive Officer and Chief Financial Officer |
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$67,500 per month |
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Payment to an affiliate of our Chief Executive Officer and Chief Financial Officer of $67,500 per month for office space, secretarial and administrative services provided to members of our management team; upon completion of our initial business combination or our liquidation, any remaining monthly payments from the 24-month term will be accelerated and due at the closing of our initial business combination or our liquidation |
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| SPAC Sponsor, Controlling Persons [Table Text Block] |
Andrew R. Heyer is the manager of Haymaker Sponsor V LLC (“Haymaker Sponsor”), our sponsor, and holds voting and investment discretion with respect to the ordinary shares held of record by Haymaker Sponsor. Andrew R. Heyer and his affiliates hold approximately 43% of the economic interests in Haymaker Sponsor. Assuming the underwriters’ over-allotment option is exercised in full, our officers and directors will collectively receive an indirect interest in approximately 30% of the founder shares held by our sponsor and approximately 19% of the private placement warrants held by our sponsor through membership interests in Haymaker Sponsor.
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| SPAC Sponsor, Direct and Indirect Material Interest Holders [Table Text Block] |
no other person has a direct or indirect material interest in our sponsor.
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| SPAC Sponsor, Agreement Arrangement or Understanding on the Redemption of Outstanding Securities [Text Block] |
Pursuant to a letter agreement to be entered with us, each of our sponsor, directors and officers has agreed to restrictions on its ability to transfer, assign, or sell the founder shares and private placement warrants, as summarized in the table below.
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Subject Securities |
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Expiration Date |
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Natural Persons and Entities Subject to Restrictions |
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Exceptions to Transfer Restrictions |
Founder Shares |
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The earlier of (A) one year after the completion of our initial business combination or earlier if, subsequent to our initial business combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination and (B) the date following the completion of our initial business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. |
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Haymaker Sponsor V LLC Andrew R. Heyer Christopher Bradley Brian Shimko Harris Heyer Walter McLallen William Heyer James Heyer |
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Transfers permitted (a) to our officers, directors, or consultants, any affiliate or family member of any of our officers, directors, or consultants, any members or partners of the sponsor or their affiliates and funds and accounts advised by such members or partners, any affiliates of the sponsor, or any employees of such affiliates, (b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement, in connection |
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Subject Securities |
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Expiration Date |
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Natural Persons and Entities Subject to Restrictions |
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Exceptions to Transfer Restrictions |
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with an extension of the completion window or in connection with the consummation of a business combination at prices no greater than the price at which the shares or warrants were originally purchased; (f) pro rata distributions from our sponsor to its members, partners or shareholders pursuant to our sponsor’s limited liability company agreement or other charter documents; (g) by virtue of the laws of the Cayman Islands or our sponsor’s limited liability company agreement upon dissolution of our sponsor, (h) in the event of our liquidation prior to our consummation of our initial business combination; (i) in the event that, subsequent to our consummation of an initial business combination, we complete a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property or (j) to a nominee or custodian of a person or entity to whom a transfer would be permissible under clauses (a) through (g); provided, however, that in the case of clauses (a) through (g) and clause (j) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreements. |
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| Private Placement Warrants |
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30 days after the completion of our initial business combination |
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Haymaker Sponsor V LLC Andrew R. Heyer Christopher Bradley Brian Shimko Harris Heyer Walter McLallen William Heyer James Heyer |
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Same as above (other than clauses (f) and (g) with respect to the inclusion of Cantor Fitzgerald & Co., William Blair & Company, L.L.C. and Roth Capital Partners, LLC) |
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| Any units, warrants, ordinary shares or any other securities convertible into, or exercisable or exchangeable for, any units, ordinary shares, founder shares or warrants |
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180 days after this offering |
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Haymaker Sponsor V LLC Andrew R. Heyer Christopher Bradley Brian Shimko Harris Heyer Walter McLallen William Heyer James Heyer |
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The Representatives in their sole discretion may release any of the securities subject to these lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall be with notice. Our sponsor, officers and directors are also subject to separate transfer restrictions on their founder shares and private placement warrants pursuant to the letter agreement described in the immediately preceding paragraphs. |
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| SPAC Sponsor, Conflicts of Interest [Table Text Block] |
As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other SPAC with which they may become involved.
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| Fiduciary Duties to Other Companies, SPAC Officers and Directors [Table Text Block] |
Below is a table summarizing the entities to which our executive officers and directors currently have fiduciary duties, contractual obligations or other material management relationships:
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Entity |
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Entity’s Business |
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Affiliation |
| Christopher Bradley |
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Mistral Equity Partners |
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Private equity |
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Managing Director |
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CSLM Acquisition Corp. III |
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SPAC |
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Board Member |
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Cambridge Acquisition Corp |
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SPAC |
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Board Member |
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SUMA Acquisition Corp. |
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SPAC |
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Board Member |
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Insomnia Cookies |
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Retail |
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Board Member |
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Carnegie Park Capital |
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Private investment fund |
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Board Member |
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Timber Grove Ventures |
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Private investment fund |
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Board Member |
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Roth Principal Investments |
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Private investment fund |
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Board Member |
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WhoBrew, LLC |
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Retail franchisee |
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Board Member |
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The Beacon Consumer Incubator Fund |
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Venture capital |
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Board Member |
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The University of Chicago |
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Education |
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Board Member |
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| Brian Shimko |
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Maywic Select Investments |
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Venture capital |
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General Partner |
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| Harris Heyer |
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Teneo |
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Advisory |
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SVP |
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| Walter McLallen |
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Meritage Capital Advisors |
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Investment Advisor |
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Managing Member |
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OneSpaWorld Holdings Limited |
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Consumer |
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Board Member |
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The LoveSac Company |
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Consumer |
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Board Member |
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Korea Zinc Company, Ltd |
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Smelting |
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Board Member |
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Crucible JVCo LLC |
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Investing |
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Chairman |
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Timeless Wine Company |
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Consumer |
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Board Member |
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adMarketplace |
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Advertising |
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Board Member |
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AlphaSix |
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Technology |
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Board Member |
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Delva Tool & Machine |
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Manufacturing |
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Board Member |
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ECS Composites |
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Manufacturing |
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Board Member |
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Frontier Dermatology |
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Healthcare |
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Board Member |
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| William Heyer |
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Gensler |
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Architecture |
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Principal and Studio Director |
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Heyer Investment Management |
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Venture capital |
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Principal |
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Stuart Weitzman School of Design at the University of Pennsylvania Timber Grove Ventures |
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Education Venture capital |
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Board Member Venture Partner |
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City of Beverly Hills |
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Community service |
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Commissioner of Public Works |
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American Institute of Architects |
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Architecture |
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Member |
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National Council of Architectural Registration Boards |
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Architecture |
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Member |
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| James Heyer |
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PennantPark Investment Advisers |
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Investment Advisor |
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Managing Director |
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AKW Holdings Limited |
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Consumer |
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Board Member |
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