Haymaker II Files Definitive Proxy on Arko Merger

Haymaker Acquisition II in the filing adds or amends multiple disclosures related to the proposed merger with Arko, which operates a chain of convenience stores. Disclosures include a shareholder lawsuit pending against the SPAC, alleging breach of fiduciary duty, which Haymaker said is without merit.

The shareholders meeting is set for Dec. 8. Read more.

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Shares in SPAC guru Chamath Palihapitiya's 5th blank-check company have surged this week leading up to today's vote on the transaction, which values the combined company at an equity value of $8.65 billion post-money.