Haymaker Acquisition Corp. 4 (HYAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 14, 2026

Risk Assessment Details

Potential Dilution: 2507.52% of current shares
Recent Dilution: 2783.65% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
800K
Potential Supply
20M
Additional shares possible
Splits
None
Past 2 years

Summary

HYAC currently has 798K outstanding shares. with significant dilution risk as 20M authorized shares could dilute existing holders by 2507.5%. The company has significantly diluted shareholders by 2783.65% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 14, 2026

8-K filing: Haymaker and the Company entered into subscription agreements with PIPE Investors for an aggregate commitment amount of $167.1 million. The Company issued and sold 11,216,667 shares of Company Class A Common Stock and 2,525,094 Pre-Funded Warrants immediately prior to the Acquisition Merger Effective Time. At the Acquisition Merger Effective Time, the Company issued and sold 6,162,009 shares of Company Class A Common Stock.

800K 20M
Apr 07, 2026

8-K filing: Haymaker Acquisition Corp. entered into a Non-Redemption Agreement with an existing shareholder and a Forward Purchase Agreement with Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP, Harraden Circle Strategic Investments, LP and Harraden Circle Concentrated, LP for a prepaid share forward transaction.

800K 20M
Apr 01, 2026

8-K filing: PubCo issued 26,000 shares of Series A Convertible Perpetual Preferred Stock in exchange for Suncrete's Senior Preferred Units.

800K 20M
Mar 30, 2026

10-K filing | 0.8M shares outstanding

800K 20M
Mar 24, 2026

8-K filing: Haymaker Acquisition Corp. entered into Non-Redemption Agreements with certain investors to acquire 4,442,085 Class A ordinary shares from Haymaker's shareholders at a price no higher than the redemption price, with Suncrete intending to pay the difference between the actual redemption price and the price at which the sellers sell the shares to the investors. ($47.74M proceeds)

23M 20M
Nov 13, 2025

10-Q filing | 22.7M shares outstanding

23M 20M
Aug 13, 2025

10-Q filing | 23.0M shares outstanding

23M 20M
May 15, 2025

10-Q filing | 23.0M shares outstanding

23M 20M
Mar 14, 2025

10-K filing | 0.8M shares outstanding

800K 20M
Nov 13, 2024

10-Q filing | 0.8M shares outstanding

800K 20M
Aug 13, 2024

10-Q filing | 0.8M shares outstanding

800K 20M
May 15, 2024

10-Q filing | 0.8M shares outstanding

800K 20M
Mar 29, 2024

10-K filing | 0.8M shares outstanding

800K 20M
Nov 09, 2023

10-Q filing | 0.8M shares outstanding

800K 20M
Sep 08, 2023

10-Q filing | 5.8M shares outstanding

5.8M 20M
Aug 22, 2023

8-K filing: Haymaker Acquisition Corp. 4 completed its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and a private sale of 797,600 units to Haymaker Sponsor IV LLC at $10.00 per unit, generating gross proceeds of $7,976,000. ($237.98M proceeds)

5.8M 20M
Jul 17, 2023

S-1/A filing: Haymaker Acquisition Corp. 4 is offering 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

5.8M 20M
Jul 17, 2023

S-1/A filing: This S-1/A filing discusses the payment of expenses related to the offering, including legal, accounting, printing, and filing fees. It also mentions the potential deduction of expenses from the offering's net proceeds and reimbursement to the underwriter if the offering is not consummated.

5.8M 20M
Jul 03, 2023

S-1 filing: Haymaker Acquisition Corp. 4 is offering 20,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, and is seeking to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.

5.8M 20M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime