Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 576

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 576
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 fifteen percent (15.0%). After all Unreturned Senior Preferred Contributions and all accrued distributions have been paid with respect to a Senior Preferred Unit, such Senior Preferred Unit shall automatically be cancelled. Pursuant to the consummation of an Initial Public Offering (“IPO”) or other transaction in which the Company’s equity securities become publicly traded, including a SPAC merger, the Board of Directors may reclassify the Senior Preferred Units into equity securities of the public entity or other reclassified securities, provided each member has substantially similar economic interest, governance, priority, vesting and other rights and privileges as such member had prior to the IPO as stated in the Concrete LLCA. The Company presented and accounted for the Senior Preferred Units as mezzanine equity at their issuance date fair value of $26.0 million. The Senior Preferred Units are classified in mezzanine equity because the decision to redeem the Senior Preferred Units is effectively within control of the Preferred Unitholders rather than the Company. The Preferred Unitholders control the Parent and the Board of Directors of the Company and are responsible for approving distributions that will ultimately cancel the Senior Preferred Units. As the Senior Preferred Units are deemed to be currently redeemable, the Senior Preferred are subsequently remeasured to their maximum redemption amount at each reporting date. The Senior Preferred Units’ redemption value was determined to be $26.6 million as of December 31, 2024. Redeemable Preferred Units On the Closing Date, as part of the Rollover Subscription Agreement, the Company issued 95.7 million Preferred and Common Units for a combined fair value of $95.7 million. Below is a summary of the unit issuances and related fair values as of the Closing Date (in thousands):

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# of Units Issued 
 Preferred         |   |        |   | ​ | ​ | Common |   |        |   | ​ 
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 ​ | Fair Value at Closing Date 
 Preferred                  |   |        |   | ​ | ​ | Common |   |        |   | ​ | ​ | Combined |   |        |   | ​ 
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