SCHEDULE: First Trust Funds Report Stake in Haymaker Acquisition Corp.

Several First Trust affiliated entities have jointly reported beneficial ownership of over 2% of Haymaker Acquisition Corp.'s Class A Ordinary Shares as of March 31, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a joint filing by First Trust Merger Arbitrage Fund (VARBX), First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP).
• As of March 31, 2026, VARBX beneficially owned 230,759 shares, representing 0.97% of the outstanding Class A Ordinary Shares of Haymaker Acquisition Corp.
• FTCM, FTCS, and Sub GP collectively beneficially owned 264,228 shares, representing 1.13% of the outstanding Class A Ordinary Shares.
• FTCS and Sub GP are considered control persons of FTCM.
• The reporting persons have sole voting and sole dispositive power for all the shares they beneficially own.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership by investment funds and does not provide new operational or financial information about the company itself.

Positives

• The reporting entities collectively hold a significant stake, indicating confidence or strategic interest in Haymaker Acquisition Corp.
• The reporting is conducted in accordance with regulatory requirements, ensuring transparency for investors.
• The filing confirms that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control.

Negatives

• The filing does not contain any negative financial or operational information as it is a disclosure of beneficial ownership.
• No specific performance metrics or financial results are presented in this filing.

Risks

• The filing does not explicitly mention any risks. However, as a Schedule 13G filing, it relates to ownership stakes in a company, and the inherent risks associated with investing in publicly traded securities, particularly special purpose acquisition companies (SPACs), would apply.
• The nature of SPACs involves risks related to the successful completion of a business combination and the future performance of the target company.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by First Trust affiliated entities indicates a significant institutional interest in Haymaker Acquisition Corp., a Special Purpose Acquisition Company (SPAC). Such filings are common as investment funds build positions, and their aggregate ownership percentage can be a signal to the market regarding investor sentiment towards the SPAC and its potential targets.

Stakeholder Impact

• Shareholders: Increased institutional ownership may signal investor confidence, potentially influencing share price. Transparency is maintained through regulatory filings.
• Management of Haymaker Acquisition Corp.: Awareness of significant institutional holdings can inform strategic decisions and investor relations efforts.
• Potential Target Companies: The ownership structure and investment strategy of the reporting entities could influence their approach to potential business combinations.

Next Steps

• The reporting persons will continue to monitor their investment in Haymaker Acquisition Corp.
• Further amendments to this Schedule 13G will be filed if there are any material changes in beneficial ownership.

Key Dates

Keywords

Schedule 13G, Haymaker Acquisition Corp., First Trust, Beneficial Ownership, Class A Ordinary Shares, SPAC, SEC Filing, Merger Arbitrage, Investment Adviser