Haymaker Acquisition 4, the fourth blank check company led by Steven and Andrew Heyer targeting consumer businesses, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Haymaker Acquisition 4 would command a market value of $258 million.
The company is led by CEO and Chairman Andrew Heyer, the founder and CEO of consumer-focused private equity fund manager Mistral Equity Partners, and President and Director Steven Heyer, who previously served as CEO of Starwood Hotels & Resorts Worldwide and COO of The Coca-Cola Company. The company plans to target a business in the consumer and consumer-related products and services industries.
Management has led several previous blank check IPOs, most recently 2021 IPO Haymaker Acquisition III, which merged with hormone optimization center Biote (BTMD; -32% from $10 offer price) in 2022. One of the pair's SPACs never made it to market: Haymaker Acquisition IV (HYIVU), which would have been the Heyers' fourth blank check venture, filed to raise $261 million in February 2022 but withdrew the following December.
Haymaker Acquisition 4 was founded in 2023 and plans to list on the NYSE under the symbol HYAC.U. The SPAC filed confidentially on May 8, 2023. Cantor Fitzgerald and William Blair are the joint bookrunners on the deal.
