In The News
Press, Articles, Highlights
DECEMBER 22, 2020
Haymaker Acquisition Corp. II, ARKO Holdings Ltd. and GPM Investments, LLC Close Business Combination under New Company ARKO Corp.
NEW YORK, NY–(December 22nd) — Haymaker Acquisition Corp. II (NASDAQ: HYAC) (“Haymaker”), a publicly traded special purpose acquisition company and ARKO Holdings Ltd. (“Arko Holdings”), an Israeli public holding company (TASE: AKHO) whose primary asset is a controlling stake in GPM Investments, LLC (“GPM”), a rapidly growing leader in the U.S. convenience store industry, announced today that they have satisfied all closing conditions and completed their previously announced business combination. Under the terms of the business combination agreement, Haymaker and Arko Holdings combined under a new company, ARKO Corp. (“ARKO”). Shares of ARKO common stock and ARKO warrants are expected to trade on the Nasdaq Stock Market under the symbols “ARKO” and “ARKOW,” respectively, beginning on December 23, 2020. The business combination was approved by Haymaker’s shareholders on December 8, 2020 and by Arko Holdings’ shareholders on November 18, 2020.
NOVEMBER 19, 2020
Arko/GPM Unveils Plans for its Store Prototype of the Future
RICHMOND, VA – NOVEMBER 19 – ARKO Holdings Ltd. (TASE: ARKO), (“Arko”), whose primary asset is a controlling stake in GPM Investments, LLC, (“GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry, unveiled its plans for its store prototype of the future for remodels and raze and rebuilds. GPM currently anticipates that it will remodel approximately 360 of its sites in key locations across the country over the next three to five years. Arko/GPM and Haymaker Acquisition Corp. also announced today a commitment for an up to $100 million investment in convertible preferred stock from MSD Capital that will be available for growth capital and funding this remodel program.
NOVEMBER 19, 2020
Arko/GPM and Haymaker Acquisition Corp. II Announce Business Updates
RICHMOND, VA – NOVEMBER 19 – ARKO Holdings Ltd. (TASE: ARKO), (“Arko”), whose primary asset is a controlling stake in GPM Investments, LLC (“GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry, and who entered into a definitive business combination agreement with Haymaker Acquisition Corp. II (NASDAQ: HYAC), (“Haymaker”), a publicly-traded special purpose acquisition company (SPAC), today announced the following:
NOVEMBER 12, 2020
ARKO/GPM Announces Participation in the Stephens Annual Investment Conference
RICHMOND, VA, November 12, 2020 – ARKO Holdings Ltd., (“Arko”), whose primary asset is a controlling stake in GPM Investments, LLC, (“GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry, and who entered into a definitive business combination agreement with Haymaker Acquisition Corp. II (“Haymaker”), a publicly-traded special purpose acquisition company (SPAC), today announced that the Company is scheduled to present at the Stephens Annual Investment Conference on Thursday, November 19, 2020, at 1:00 pm Eastern Time.
NOVEMBER 9, 2020
Arko/GPM and Haymaker Acquisition Corp. II to Participate in SPACInsider-ICR Webinar on November 12th at 2pm ET
RICHMOND, VA – NOVEMBER 9 – ARKO Holdings Ltd., (“Arko”), whose primary asset is a controlling stake in GPM Investments, LLC, (“GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry, and who entered into a definitive business combination agreement with Haymaker Acquisition Corp. II (“Haymaker”), a publicly-traded special purpose acquisition company (SPAC), today announced that the two companies will participate in a webinar hosted by SPACInsider and ICR on November 12, 2020 at 2:00 p.m. ET.
OCTOBER 23, 2020
Haymaker Provides Investor Update
RICHMOND, VA, October 23, 2020 – Haymaker Acquisition II (Nasdaq: HYAC) (“Haymaker”) furnished an updated investor presentation to the U.S. Securities and Exchange Commission in connection with its proposed business combination with ARKO Holdings, Ltd. / GPM Investments, LLC (“Arko,” “GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry. The updated investor presentation includes selected unaudited financial information of the Company for the nine month period ended September 30th, 2020 and reflects the previously announced closing of the Company’s acquisition of the wholesale fuel distribution business and retail locations of Empire Petroleum.
OCTOBER 7, 2020
ARKO/GPM Expands to almost 3000 combined company operated and wholesale sites across 33 states
RICHMOND, VA, October 7, 2020 – ARKO Holdings, Ltd. / GPM Investments, LLC (“Arko,” “GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry, today announced the closing of the previously announced acquisition of Empire Petroleum Partners’ (“Empire”) fuel distribution business and retail locations. The acquisition meaningfully increases GPM’s scale and diversifies its business mix, while significantly increasing the Company’s cash flow through increased exposure to a highly ratable, consistent wholesale fuel distribution business, and brings its total site count to approximately 3,000 across 33 states.
SEPTEMBER 9, 2020
Haymaker, ARKO Holdings Ltd. and GPM Investments, LLC Announce Business Combination
(New York, NY) – September 9, 2020 – Haymaker Acquisition Corp. II (NASDAQ: HYAC) (“Haymaker”), a publicly traded special purpose acquisition company, ARKO Holdings Ltd. (“Arko”), an Israeli public holding company (TASE: ARKO) whose primary asset is a controlling stake in GPM, and GPM Investments, LLC (“GPM” or the “Company”), announced today that they, and certain other related parties, have entered into definitive agreements for a business combination, pending shareholder approval. The transaction is expected to close in the fourth quarter of 2020 and upon closing, the combined company is expected to be listed on the Nasdaq Stock Market under the ticker symbol ARKO.
JULY 13, 2020
Haymaker and ARKO Holdings Ltd. and GPM Investments, LLC Sign Non-Binding Letter of Intent for a Business Combination
NEW YORK, July 13, 2020 — Haymaker Acquisition Corp. II (NASDAQ: HYAC) (“Haymaker”), a publicly traded special purpose acquisition company, ARKO Holdings Ltd. (“Arko”), an Israeli public holding company (TASE: ARKO) and GPM Investments, LLC (“GPM” or the “Company”), announced today that they have entered into a letter of intent (“LOI”) for a business combination. The business combination would result in 100% of both GPM and Arko combining with Haymaker with substantial rollover from existing equityholders; currently Arko owns 68% of GPM and the remaining 32% is held by Davidson Kempner Capital Management LP, funds managed by Ares Management Corporation, and Harvest Partners SCF, L.P.
JULY 19, 2019
Haymaker Acquisition Corp. II Announces the Separate Trading of its Class A Common Stock and Warrants
NEW YORK, NY, July 19, 2019 (GLOBE NEWSWIRE) — Haymaker Acquisition Corp. II (the “Company”) announced today that, commencing July 23, 2019, holders of the 40,000,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “HYAC” and “HYACW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “HYACU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
JUNE 11, 2019
Haymaker Acquisition Corp. II Announces Closing of $400,000,000 Initial Public Offering, including Underwriters’ Over-Allotment Option of $50,000,000
New York, NY – June 11, 2019 – Haymaker Acquisition Corp. II (the “Company”) (NASDAQ: HYACU) announced today that it closed its initial public offering of 40,000,000 units, including 5,000,000 units pursuant to the exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit generating total gross proceeds of $400,000,000.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants (as well as the exercise of the over-allotment option), $400,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.
JUNE 6, 2019
Haymaker Acquisition Corp. II Announces Pricing of $350,000,000 Initial Public Offering
NEW YORK, June 6, 2019 — Haymaker Acquisition Corp. II (the “Company”) announced today that it priced its initial public offering of 35,000,000 units at $10.00 per unit. The units will be listed on the NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “HYACU” beginning June 7, 2019. Each unit consists of one share of the Company’s Class A common stock and one third of one warrant, each whole warrant enabling the holder thereof to purchase one share of the Class A common stock at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ under the symbols “HYAC” and “HYACW”, respectively.
