Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 202.2K |
Operating I/L | -202.2K |
Other Income/Expense | 1,066.5K |
Interest Income | 1,066.5K |
Pretax | 864.3K |
Income Tax Expense | 39.6K |
Net Income/Loss | 864.3K |
Haymaker Acquisition Corp. III is a blank check company established in 2020. As a special purpose acquisition company (SPAC), its primary business involves raising capital through an initial public offering (IPO) with the sole purpose of acquiring an existing company. Once the capital is raised, Haymaker Acquisition Corp. III seeks out a private company to merge with, providing the private company with a faster and more streamlined process to go public. Through this process, Haymaker Acquisition Corp. III generates revenue by taking a percentage of the acquired company's equity, allowing it to profit from the subsequent public trading of the merged entity.