Haymaker Acquisition IV, the fourth consumer-focused blank check company led by the former CEO of Starwood Hotels, filed on Thursday with the SEC to raise up to $261 million in an initial public offering.
The New York, NY-based company plans to raise $261 million by offering 26.1 million units at a price of $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Haymaker Acquisition IV would command a market value of $326 million.
The company is led by CEO and Chairman Steven Heyer, who previously served as CEO of Starwood Hotels & Resorts Worldwide and COO of The Coca-Cola Company, and President and Director Andrew Heyer, the founder and CEO of consumer-focused private equity fund manager Mistral Equity Partners. The company plans to target a business in the consumer and consumer-related products and services industries.
Management's previous SPACs include March 2021 IPO Haymaker Acquisition III (HYAC), which has a pending merger agreement with hormone optimization center Biote; 2019 IPO Haymaker Acquisition II, which combined with ARKO Holdings (ARKO; -19% from $10 offer price); and 2017 IPO Haymaker Acquisition, which combined with OneSpaWorld Holdings (Nasdaq: OSW; +3%)
The company was founded in 2021 and plans to list on the Nasdaq under the symbol HYIVU. Haymaker Acquisition IV filed confidentially on March 30, 2021. Cantor Fitzgerald and William Blair are the joint bookrunners on the deal.
