Suncrete Completes SPAC Merger, Secures $167M PIPE Financing, and Appoints New COO

check_boxKey Events

• Business Combination Consummated

  Suncrete, Inc. completed its previously announced business combination with Haymaker Acquisition Corp. 4 and Concrete Partners Holding, LLC on April 8, 2026, transitioning to an operating public company listed on Nasdaq under 'RMIX'.

• Significant PIPE Financing and Preferred Stock Issuance

  The company secured an aggregate of $167.1 million through PIPE Subscription Agreements, issuing 17,378,676 shares of Class A Common Stock and pre-funded warrants for 2,525,094 shares. Additionally, 26,000 shares of Series A Convertible Perpetual Preferred Stock were issued in exchange for Senior Preferred Units of the target company.

• Major Capital Structure Changes

  Shareholders approved an Amended and Restated Certificate of Incorporation, increasing authorized capital stock to 510,000,000 shares (400M Class A Common, 100M Class B Common, 10M Preferred), providing significant headroom for future capital raises. If all authorized shares were issued, dilution would be approximately 608%.

• Auditor Change and Prior Going Concern

  Grant Thornton LLP was approved as the new independent registered public accounting firm, replacing WithumSmith+Brown, PC. The previous auditor's report for 2025 included a 'going concern' paragraph due to liquidity conditions.

auto_awesomeAnalysis

This 8-K filing announces the successful completion of Suncrete, Inc.'s business combination with Haymaker Acquisition Corp. 4, marking its transition from a SPAC to an operating public company. The consummation of this merger, coupled with a substantial PIPE financing, provides significant capital and establishes the company's new corporate structure and governance. The change in auditor, following a prior 'going concern' note, is a critical development, and the appointment of an experienced COO signals a focus on operational leadership. While the authorization of a large number of shares introduces substantial potential dilution, the overall event provides a new financial and operational foundation for the company.