Haymaker Acquisition Corp V

What the company does

Haymaker Acquisition Corp V is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company has not selected any business combination target and has not initiated substantive discussions with any such target. It may pursue an initial business combination in any business or industry.

Underwriters

Extracted from 424B4 0001193125-26-395319, filed Sep 18, 2026 and verified against that filing text.

Key risk factors

• Dilution from founder shares purchased at nominal price

  “Because our sponsor acquired the Class B ordinary shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units.”

• Conflicts of interest of sponsor and management

  “As a result, there may be actual or potential material conflicts of interest between our sponsor and its affiliates on one hand, and purchasers in this offering on the other hand.”

• Anti-dilution rights may cause material dilution

  “Further, the Class A ordinary shares issuable in connection with the conversion of the Class B ordinary shares may result in material dilution to our public shareholders due to the anti-dilution rights of our Class B ordinary shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion.”

• Risk of failure to complete business combination within 24 months

  “We have until the date that is 24 months from the closing of this offering or until such earlier liquidation date as our Board may approve, to consummate our initial business combination.”

• Investors not entitled to Rule 419 protections

  “Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.”

• Sponsor and management may profit even on value-decreasing combinations

  “If we are unable to complete our initial business combination within the completion window, and do not hold a shareholder vote to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, the founder shares and private placement warrants may expire worthless, except to the extent they receive liquidating distributions from assets outside the trust account, which could create an incentive for our sponsor, executive officers and directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders.”