Haymaker Acquisition Corp. 4 Completes Business Combination with Suncrete, Inc., Raises $167.1M PIPE

summarizeSummary

Haymaker Acquisition Corp. 4 has finalized its business combination with Suncrete, Inc., becoming an operating company listed on Nasdaq under 'RMIX' and securing a $167.1 million PIPE investment.

check_boxKey Events

• Business Combination Completed

  On April 8, 2026, Haymaker Acquisition Corp. 4 completed its business combination with Suncrete, Inc., transitioning from a SPAC to an operating company. The new entity's Class A Common Stock commenced trading on Nasdaq under the symbol 'RMIX' on April 9, 2026.

• Significant PIPE Investment

  The company secured a total of $167.1 million through PIPE (Private Investment in Public Equity) subscription agreements. This included the issuance of 11,216,667 shares of Class A Common Stock, 2,525,094 pre-funded warrants, and an additional 6,162,009 shares of Class A Common Stock to institutional investors.

• Warrant and Share Redemptions

  Haymaker redeemed all outstanding public warrants for $2.25 in cash and 0.075 Class A Ordinary Shares per warrant. Additionally, 12,628,150 SPAC Class A Ordinary Shares were redeemed for $11.57 per share, resulting in approximately $59 million remaining in the trust account.

• New Capital Structure and Governance

  The company's authorized capital stock was increased to 510,000,000 shares, comprising 400,000,000 Class A Common Stock, 100,000,000 Class B Common Stock, and 10,000,000 Preferred Stock. New registration rights agreements were established for various stakeholders, and the Suncrete, Inc. 2026 Omnibus Incentive Plan and Employee Stock Purchase Plan were approved.

auto_awesomeAnalysis

This filing marks the successful completion of Haymaker Acquisition Corp. 4's business combination with Suncrete, Inc., transforming the SPAC into an operating company now trading under 'RMIX' on Nasdaq. The transaction included a substantial $167.1 million PIPE investment, providing significant capital for the newly combined entity. While the offering is dilutive, it secures necessary funding and establishes a new capital structure, including the issuance of various classes of common and preferred stock. The appointment of a new COO and the approval of incentive plans signal the operational readiness of the new public company. The historical 'going concern' note for the predecessor SPAC is now superseded by the completion of this transformative event.