Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 128

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 128
---
, will be for the account of the party incurring such fees, expenses and costs. Haymaker’s transaction expenses as a result of the Business Combination are currently estimated at approximately $[•], as of the record date, including payment of $8,650,000 in deferred underwriting commissions to the underwriters of the IPO. If Haymaker’s expenses exceed its estimates, Haymaker’s financial condition could be adversely affected.

The Business Combination Agreement has a specified minimum cash condition. This threshold may make it more difficult for Haymaker to complete the Business Combination as contemplated.

The Business Combination Agreement provides that the obligations of each party to consummate the Business Combination are conditioned on, among other things, the Minimum Cash Condition. If the Minimum Cash Condition is not met, and such condition is not or cannot be waived under the terms of the Business Combination Agreement, then the Business Combination Agreement could terminate and the proposed Business Combination may not be consummated.

If such condition is waived and the Business Combination is consummated with less the minimum cash amount in the trust account contemplated under the Minimum Cash Condition, the cash held by New Suncrete and its subsidiaries in the aggregate, after the Closing may not be sufficient to allow it to operate and pay its bills as they become due. Furthermore, New Suncrete’s affiliates are not obligated to make loans to New Suncrete in the future. The exercise of redemption rights with respect to a large number of Haymaker’s Public Shareholders may make New Suncrete unable to take such actions as may be desirable in order to optimize its capital structure after consummation of the Business Combination, and New Suncrete may not be able to raise additional financing from unaffiliated parties necessary to fund its expenses and liabilities after the Closing. Any such event in the future may negatively impact the analysis regarding New Suncrete’s ability to continue as a going concern at such time.

The Sponsor may elect to purchase shares from Public Shareholders prior to the consummation of the Business Combination, which may influence the vote on the Business Combination and reduce the public “float” of the Public Shares.

At any time at or prior to the Business Combination, during a period when they are not then aware of any material nonpublic information regarding Haymaker or its securities, the Sponsor, Suncrete or their directors, officers, advisors or respective affiliates may purchase Public Shares from institutional and other investors who vote, or indicate an intention to vote, against any of the Condition Precedent Proposals, or execute agreements to purchase such shares from such investors in