Filing Summary
Business Context and Reporting Period
Haymaker Acquisition Corp. III, a special purpose acquisition company and the registrant identified in the filing, submitted a Form 8-K dated April 19, 2021. The filing concerns the separation and separate trading of securities issued in its initial public offering. The provided filing text does not identify Biote Corp. as the registrant or provide operating results for Biote.
Material Event
Beginning April 22, 2021, holders of Haymaker’s units may elect to separate each unit into one share of Class A common stock and one-quarter of a redeemable warrant. Only whole warrants will be issued and traded.
- Units will continue trading on Nasdaq under the symbol HYACU.
- Class A common stock is expected to trade under HYAC.
- Warrants are expected to trade under HYACW.
- Each whole warrant entitles the holder to purchase one share of Class A common stock for $11.50 per share.
- Holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to separate the units.
Financial Metrics, Liquidity, and Debt
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, balance sheet data, or other operating financial metrics.
Guidance, Outlook, Risks, and Unusual Items
No financial guidance or management outlook is provided. The principal procedural consideration is that unit holders must coordinate with their brokers to effect separation, and no fractional warrants will be issued.
Key Facts to Verify
- Confirm that the relevant issuer for this filing is Haymaker Acquisition Corp. III rather than Biote Corp.
- Verify the April 22, 2021 commencement date for separate trading.
- Verify the applicable trading symbols: HYACU, HYAC, and HYACW.
- Review the warrant terms, including the $11.50 exercise price and whole-warrant requirement.
- Review subsequent filings for any business combination, redemption, financing, or changes to the securities’ trading status.