Haymaker Acquisition Corp. 4 reported its financial results for the quarter ending June 30, 2025, revealing a net income of $2.36 million, a decrease from $2.94 million in the same period last year. The company generated interest income of $2.66 million from its Trust Account, which holds $255.06 million in cash and investments, up from $249.76 million at the end of 2024. General and administrative expenses increased to $304,822 from $196,552 year-over-year, contributing to the overall decline in net income.
In the first half of 2025, Haymaker's net income totaled $4.63 million, down from $5.81 million in the prior year. The company’s interest income for this period was $5.30 million, compared to $6.24 million in 2024, while general and administrative expenses rose to $663,792 from $434,096. The increase in expenses is attributed to the costs associated with being a public company and ongoing efforts to identify a target for a business combination.
Significant operational developments include the approval of an Extension Amendment during the annual general meeting on July 24, 2025, which allows the company to extend its business combination deadline to July 28, 2026. Following this amendment, 372,101 Class A Ordinary Shares were redeemed for approximately $4.14 million, leaving 23.43 million shares outstanding. The company also issued a non-interest bearing promissory note to its sponsor for up to $4.5 million to support ongoing operations and maintain liquidity.
As of June 30, 2025, Haymaker reported a working capital deficit of $1.17 million, with only $9,971 in cash outside the Trust Account. The company’s management has expressed concerns regarding its ability to continue as a going concern if a business combination is not completed by the end of the extended period. The company is actively seeking a target in the consumer products sector and plans to utilize the funds in the Trust Account for this purpose.
Looking ahead, Haymaker Acquisition Corp. 4 aims to finalize a business combination before the new deadline, although there are no guarantees of success. The company remains focused on navigating market conditions and potential economic uncertainties that could impact its operations and ability to complete a transaction.
About Haymaker Acquisition Corp. 4
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.