SPAC Sponsor Group Discloses 7.7% Stake in Suncrete Post-Merger
RMIX sits 41% above its 52-week low of $9.2 on light trading volume (0.2× avg).
Summary
Haymaker Sponsor IV LLC and its principals, including Andrew R. Heyer, have disclosed a 7.7% beneficial ownership in Suncrete, Inc. following the completion of the business combination.
Key Events · Ownership and Investor Activity · RMIX
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Significant Insider Ownership Disclosed
Haymaker Sponsor IV LLC, along with managing members Andrew R. Heyer and Steven J. Heyer, reported a combined 7.7% beneficial ownership in Suncrete, Inc.
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Post-Merger Ownership Structure
The ownership stake resulted from the conversion of securities in Haymaker Acquisition Corp. 4 following the business combination completed on April 8, 2026.
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Lock-Up Agreements in Place
The sponsor group is subject to transfer restrictions, with shares locked up for 6 to 12 months, indicating a long-term commitment.
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Key Insider Involvement
Andrew R. Heyer, a managing member of the Sponsor, is also a director/executive officer of Suncrete, Inc., reinforcing the insider nature of this significant holding.
Analysis · RMIX · Manufacturing
This Schedule 13D filing details the significant ownership stake held by the former SPAC sponsor, Haymaker Sponsor IV LLC, and its managing members, Andrew R. Heyer and Steven J. Heyer, in the newly combined entity, Suncrete, Inc. The 7.7% stake, valued at over $47 million, represents a substantial portion of the company's equity. This disclosure follows the completion of the business combination on April 8, 2026, and confirms the foundational ownership structure post-merger. The filing also highlights lock-up agreements for the sponsor group, restricting share sales for 6-12 months, which signals a commitment to the long-term success of the company. Andrew R. Heyer's role as a director/executive officer further solidifies the insider nature of this significant holding.
At the time of this filing, RMIX was trading at $12.95 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $381.6M. The 52-week trading range was $9.20 to $13.51. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.