Haymaker Acquisition Corp. 4 Faces Critical Deadlines Haymaker Acquisition Corp. 4, a SPAC focusing on consumer industries, must finalize a business combination by July 28, 2025, or face liquidation. Despite raising $230 million in its IPO, the company faces liquidity challenges and regulatory hurdles under the 2024 SPAC Rules, which could delay or increase the cost of potential transactions.1