Haymaker Acquisition, a blank check company created by the former CEO of Starwood Hotels, announced terms for its IPO on Monday.
The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit will consist of one share of Class A common stock and one-half of one redeemable warrant. Haymaker Acquisition would command a market value of $375 million.
The primary shareholders are sponsors CEO Steven and President Andrew Heyer with a 20% post-IPO stake. Mr. Steven Heyer previously served as the CEO of Starwood Hotels & Resorts from 2004 until he abruptly resigned in 2007 following a confrontation with the company's board after an anonymous letter accused him of personal misconduct. Mr. Andrew Heyer currently serves as the CEO of Mistral Equity Partners, which he founded in 2007.
Haymaker Acquisition was founded in 2017 plans to list on the Nasdaq under the symbol HAYU. Cantor Fitzgerald is the sole bookrunner on the deal.
