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Haymaker Acquisition Corp. III (HYACW) Stock Analysis

DELISTED 2022

What happened to Haymaker Acquisition Corp. III (HYACW) stock?

Haymaker Acquisition Corp. III (HYACW) no longer trades on public markets. It was delisted in May 2022. The figures below are historical and are not a current quote.

Vol: 200| 52-wk range: $0.67 – $0.6784
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Haymaker Acquisition Corp. III (HYACW) trades at $0.6784. Haymaker Acquisition Corp. III is a blank check company focused on merging with a private entity. Sector: Financial services.

Last analyzed: Mar 18, 2026
Haymaker Acquisition Corp. III is a blank check company focused on merging with a private entity. As a special purpose acquisition company (SPAC), it seeks to identify and acquire a business, offering investors exposure to a potentially high-growth target.

Analyst Coverage for HYACW: HYACW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates HYACW against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the HYACW film Every key number, told as a short cinematic story — just press play. ~2 min

Haymaker Acquisition Corp. III (HYACW) Financial Services Profile

CEOSteven J. Heyer
HeadquartersNew York City, US
IPO Year2021

Haymaker Acquisition Corp. III operates as a special purpose acquisition company (SPAC), seeking a merger or acquisition target within the broader consumer sector. With a focus on identifying undervalued or high-growth potential businesses, Haymaker aims to deliver shareholder value through strategic combinations and operational improvements post-acquisition.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 18, 2026

What Is the Investment Thesis for HYACW?

As of Mar 18, 2026 — figures reflect the data available on that date.

Haymaker Acquisition Corp. III presents an investment opportunity predicated on the successful identification and acquisition of a high-potential target company. The value proposition lies in the management team's ability to source and execute a merger that unlocks value for shareholders. Key considerations include the attractiveness of the target industry, the target company's growth prospects, and the terms of the acquisition. The company's success depends on the management team's expertise in deal-making and operational improvements post-acquisition. Investors should closely monitor the company's progress in identifying a suitable target and the terms of any proposed merger agreement. The P/E ratio is currently 13.02 and the profit margin is 14.1%.

Based on FMP financials and quantitative analysis

HYACW Key Highlights

Haymaker Acquisition Corp. III operates as a special purpose acquisition company (SPAC), seeking a merger target.

  • The company was incorporated in 2020, indicating a relatively recent formation.
  • Based in New York, NY, providing access to financial resources and expertise.
  • The company's profit margin is 14.1%.
  • The company's gross margin is 71.5%.

Who Are HYACW's Competitors?

HYACW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
AAC Ares Acquisition Corporation $10.79 +0.19% $762M 44
CVII Churchill Capital Corp VII $9.99 -0.20% $915M 44
DJT Trump Media & Technology Group Corp. $8.51 +1.92% $2.36B
FPAC Far Peak Acquisition Corporation $10.21 +0.10% $712M 44
IPVA InterPrivate II Acquisition Corp. $8.81 +0.17% $812M 54
AGGI Allied Energy, Inc. $2.25 +32.24% $45.4B 61
GSHN Gushen, Inc. $22.70 +2.71% $9.32B 61
IVAN Ivanhoe Capital Acquisition Corp. $7.68 -2.17% $2.69B 64

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are HYACW's Key Strengths?

Experienced management team with expertise in the consumer sector.

  • Access to capital raised through the IPO.
  • Flexibility to pursue acquisitions in various industries.
  • Potential for high returns if a successful acquisition is completed.

What Are HYACW's Weaknesses?

Dependence on identifying and acquiring a suitable target company.

  • Risk of not completing an acquisition within the specified timeframe.
  • Potential for conflicts of interest between management and shareholders.
  • Dilution of shareholder value if additional capital is raised.

What Could Drive HYACW Stock Higher?

Announcement of a definitive merger agreement with a target company.

  • Progress in due diligence and negotiations with potential acquisition targets.
  • Favorable market conditions for mergers and acquisitions.

What Are the Key Risks for HYACW?

Failure to identify and acquire a suitable target company within the specified timeframe.

  • Unfavorable terms in a merger agreement that could dilute shareholder value.
  • Regulatory changes that could impact the SPAC market.
  • Increased competition from other SPACs.

What Are the Growth Opportunities for HYACW?

  • Identifying a High-Growth Target: The primary growth opportunity for Haymaker lies in its ability to identify and acquire a high-growth private company. The success of this strategy depends on the management team's expertise in sourcing and evaluating potential targets. The market size for potential acquisition targets is vast, encompassing various industries and sectors. The timeline for this growth opportunity is dependent on the company's ability to identify and complete a merger agreement, which could take several months or even years.
  • Operational Improvements Post-Acquisition: Once a target company is acquired, Haymaker has the opportunity to drive growth through operational improvements. This could involve implementing cost-cutting measures, streamlining operations, and expanding into new markets. The market size for operational improvements is dependent on the specific characteristics of the acquired company. The timeline for this growth opportunity is ongoing, as Haymaker will continuously seek to improve the performance of its acquired business.
  • Leveraging Management Expertise: Haymaker's management team possesses significant experience in the consumer and retail sectors. This expertise can be leveraged to identify and acquire companies with strong growth potential in these industries. The market size for consumer and retail businesses is substantial, offering a wide range of potential acquisition targets. The timeline for this growth opportunity is dependent on the company's ability to leverage its management team's expertise to identify and complete a merger agreement.
  • Capital Deployment Efficiency: Haymaker's ability to efficiently deploy its capital is a key driver of growth. By carefully evaluating potential acquisition targets and negotiating favorable terms, the company can maximize the return on its investment. The market size for capital deployment is dependent on the amount of capital raised in the company's IPO. The timeline for this growth opportunity is ongoing, as Haymaker will continuously seek to deploy its capital in the most efficient manner.
  • Market Sentiment and Investor Confidence: Positive market sentiment and investor confidence can drive growth for Haymaker. As investors become more optimistic about the company's prospects, the stock price may increase, providing the company with additional capital to pursue acquisitions. The market size for investor confidence is dependent on overall market conditions and investor sentiment towards SPACs. The timeline for this growth opportunity is dependent on external factors and is difficult to predict.

What Are HYACW's Competitive Advantages?

  • Management Team Expertise: Haymaker's management team possesses significant experience in the consumer and retail sectors.
  • Access to Capital: The company has access to capital raised through its IPO, providing it with the resources to pursue acquisitions.
  • Deal-Making Capabilities: Haymaker's management team has a proven track record of successfully completing mergers and acquisitions.

What Does HYACW Do?

Haymaker Acquisition Corp. III was incorporated in 2020 and is based in New York, New York. As a blank check company, its primary objective is to identify and merge with an existing private company, effectively taking that company public without the traditional IPO process. This type of company, known as a special purpose acquisition company (SPAC), raises capital through an initial public offering (IPO) with the intention of acquiring an operating business. Haymaker's management team leverages its expertise in the consumer and retail sectors to evaluate potential targets. The company's success hinges on its ability to identify and complete a value-accretive acquisition, providing investors with exposure to a potentially high-growth business. The company is currently in the process of searching for a suitable target. Once a target is identified, Haymaker will conduct due diligence and negotiate the terms of the merger agreement. The proposed acquisition will then be subject to shareholder approval. If the acquisition is approved, the target company will become a publicly traded company under a new ticker symbol.

What Products and Services Does HYACW Offer?

  • Haymaker Acquisition Corp. III is a blank check company.
  • It is a special purpose acquisition company (SPAC).
  • The company seeks to merge with or acquire a private company.
  • It aims to take a private company public without a traditional IPO.
  • Haymaker focuses on identifying undervalued or high-growth potential businesses.
  • The company leverages its management team's expertise to evaluate potential targets.

How Does HYACW Make Money?

  • Haymaker raises capital through an initial public offering (IPO).
  • The company uses the capital to identify and acquire an operating business.
  • Haymaker aims to create value for shareholders through strategic combinations and operational improvements post-acquisition.

What Industry Does HYACW Operate In?

Haymaker Acquisition Corp. III operates within the shell company industry, specifically as a special purpose acquisition company (SPAC). The SPAC market has experienced periods of heightened activity and increased scrutiny. These companies offer a faster route to public markets compared to traditional IPOs, attracting both private companies seeking capital and investors looking for growth opportunities. The competitive landscape includes numerous SPACs, each vying to identify and acquire attractive target businesses. The success of a SPAC depends heavily on the quality of its management team and its ability to source and execute a value-accretive acquisition.

Who Are HYACW's Key Customers?

  • Haymaker's customers are its shareholders who invest in the company's IPO.
  • The company also serves as a vehicle for private companies seeking to go public.
  • Institutional investors are a key customer segment for Haymaker.
AI Confidence: 70% Updated: Mar 18, 2026

Company Profile

Haymaker Acquisition Corp. III operates in the Shell Companies industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Steven J. Heyer. HYACW has traded publicly since 2021.

HYACW Financials

Bull Case vs Bear Case

Bull Case

  • Experienced management team with expertise in the consumer sector.
  • Access to capital raised through the IPO.
  • Flexibility to pursue acquisitions in various industries.
  • Potential for high returns if a successful acquisition is completed.

Bear Case

  • Dependence on identifying and acquiring a suitable target company.
  • Risk of not completing an acquisition within the specified timeframe.
  • Potential for conflicts of interest between management and shareholders.
  • Dilution of shareholder value if additional capital is raised.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026

HYACW Latest News

No recent news available for HYACW.

Leadership: Steven J. Heyer

CEO

Steven J. Heyer has a long and distinguished career in the consumer and media industries. He has held leadership positions at major companies, including Starwood Hotels & Resorts Worldwide, Coca-Cola, and Young & Rubicam. Heyer has a proven track record of driving growth and innovation in these organizations. His experience spans various functions, including marketing, operations, and finance. He is known for his strategic thinking and his ability to build high-performing teams.

Track Record: During his tenure at Starwood Hotels & Resorts Worldwide, Heyer oversaw a period of significant growth and expansion. He implemented innovative marketing strategies that helped to increase brand awareness and customer loyalty. At Coca-Cola, he played a key role in developing and launching new products. Heyer's leadership has been instrumental in driving value creation for shareholders.

Common Questions About HYACW (Financial Services)

What happened to Haymaker Acquisition Corp. III (HYACW) stock?

Haymaker Acquisition Corp. III (HYACW) no longer trades on public markets. It was delisted in May 2022. The figures below are historical and are not a current quote.

Can I still buy HYACW shares?

No. HYACW stopped trading on public markets in May 2022, so the shares are not available through a broker. Anything you see quoted for HYACW elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before HYACW stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Haymaker Acquisition Corp. III. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Haymaker Acquisition Corp. III do?

Haymaker Acquisition Corp. III is a special purpose acquisition company (SPAC). It is a blank check company formed to acquire or merge with one or more operating businesses. The company does not have any specific business operations of its own. Its sole purpose is to identify and acquire a private company, thereby taking it public without the traditional IPO process.

What do analysts say about HYACW stock?

As a SPAC, Haymaker Acquisition Corp. III's stock performance is largely tied to the market's perception of its ability to find and acquire a promising target. Analyst ratings and price targets will likely emerge once a merger target is announced, reflecting the perceived value and growth potential of the combined entity.

What are the main risks for HYACW?

The primary risk for Haymaker Acquisition Corp. III is the failure to identify and acquire a suitable target company within the specified timeframe, which could lead to the liquidation of the company and the return of capital to shareholders.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Information is based on publicly available sources and may be subject to change.
  • AI analysis is pending and may provide additional insights.
Data Sources

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