Suncrete Completes SPAC Merger, Begins Nasdaq Trading

Suncrete Inc Class A ( (RMIX) ) just unveiled an announcement.

On April 2, 2026, Haymaker Acquisition Corp. 4 shareholders approved its business combination with Suncrete, which closed on April 8, 2026, transforming the entity from a shell into an operating construction materials company and adopting a new charter, bylaws and a Code of Business Conduct and Ethics. The deal was backed by a $167.1 million PIPE financing, an exchange of senior preferred units into 26,000 shares of Series A preferred stock, the approval of omnibus incentive and employee stock purchase plans, a major increase in authorized share capital and a shift in auditors from WithumSmith+Brown to Grant Thornton as Suncrete consolidates control among key sponsors and executives and prepares for public-company operations on Nasdaq.

Following closing, Suncrete’s capital structure includes dual-class common stock with high-vote Class B shares concentrating 87% of combined voting power in directors and executives, while large institutional investors such as FMR LLC and Alyeska Master Fund hold meaningful Class A positions. The board also appointed longtime industry executive Mark Jones as chief operating officer effective April 8, 2026, signaling a focus on operational depth as the company integrates acquired assets, implements new equity-based compensation programs and moves forward under expanded credit facilities and governance arrangements.

More about Suncrete Inc Class A

Suncrete Inc., formerly a shell company now operating through Concrete Partners Holding LLC, is a construction materials business rooted in ready-mix concrete production and related services. The company’s operations span concrete production, logistics and related geotechnical and materials expertise, positioning it within the broader U.S. construction and infrastructure supply chain.

Average Trading Volume: 324,201

Technical Sentiment Signal: Sell

Learn more about RMIX stock on TipRanks’ Stock Analysis page.