Pre-Merger Operating Entity Reports Q1 Net Loss Despite Revenue Growth

summarizeSummary

Suncrete, Inc. filed an amended 8-K to disclose the Q1 2026 financial results for its predecessor entities, Concrete Partners Holding (CPH) and Haymaker Acquisition Corp. 4, prior to their business combination. CPH, the operating business, reported a net loss of $(1.748) million for the quarter, a decline from a profit in the prior year, despite strong revenue growth.

check_boxKey Events

• Predecessor Operating Entity Reports Q1 Net Loss

  Concrete Partners Holding (CPH), the primary operating business before the merger, reported a net loss of $(1.748) million for Q1 2026, a significant decline from a net income of $1.067 million in Q1 2025. This occurred despite a 64% increase in revenue to $61.8 million.

• SPAC Reports Q1 Net Loss

  Haymaker Acquisition Corp. 4 (the SPAC) reported a net loss of $(17.375) million for Q1 2026. This loss was primarily driven by a non-cash change in the fair value of a Subscription Agreement Liability.

• Amendment to Business Combination Filing

  This 8-K/A amends the original 8-K filed on April 14, 2026, which announced the completion of the business combination. The amendment's sole purpose is to include the detailed Q1 2026 financial results for CPH and Haymaker prior to the merger.

auto_awesomeAnalysis

This amended 8-K provides the Q1 2026 financial performance of Concrete Partners Holding (CPH) and Haymaker Acquisition Corp. 4 (the SPAC) *before* their business combination completed on April 8, 2026. For CPH, the core operating business, a shift from a net income of $1.067 million in Q1 2025 to a net loss of $(1.748) million in Q1 2026, despite significant revenue growth, indicates potential margin pressures or increased costs. The SPAC's loss is largely an accounting adjustment related to its pre-merger liabilities. These results offer a crucial financial baseline for the newly public Suncrete, Inc., highlighting the profitability challenges of its primary operating component leading into the merger.