Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 499

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 499
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ended and Restated Charter provides that currently, the Company will only redeem its Public Shares if the net tangible assets will be at least $5,000,001 either immediately prior to or upon consummation of the initial Business Combination. However, the threshold in its Amended and Restated Charter would not change the nature of the underlying shares as redeemable and thus Public Shares are required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable Ordinary Shares to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional paid-in capital, in accumulated deficit. As of December 31, 2024 and 2023, the Class A Ordinary Shares reflected in the accompanying balance sheets are reconciled in the following table:

| ​ | Gross proceeds                                                            | ​ | ​ | ​ | $ | 230,000,000 | ​ | ​ |
| ​ | Less:                                                                     | ​ | ​ | ​ | ​ |           ​ | ​ | ​ |
| ​ | Proceeds allocated to Public Warrants                                     | ​ | ​ | ​ | ​ |  -1,242,000 | ​ | ​ |
| ​ | Issuance costs allocated to Class A Ordinary Shares                       | ​ | ​ | ​ | ​ | -13,326,517 | ​ | ​ |
| ​ | Plus:                                                                     | ​ | ​ | ​ | ​ |           ​ | ​ | ​ |
| ​ | Accretion of carrying value to redemption value                           | ​ | ​ | ​ | ​ |  22,065,374 | ​ | ​ |
| ​ | Class A Ordinary Shares subject to possible redemption, December 31, 2023 | ​ | ​ | ​ | ​ | 237,496,857 | ​ | ​ |
| ​ | Plus:                                                                     | ​ | ​ | ​ | ​ |           ​ | ​ | ​ |
| ​ | Accretion of carrying value to redemption value                           | ​ | ​ | ​ | ​ |  12,263,797 | ​ | ​ |
| ​ | Class A Ordinary Shares subject to possible redemption, December 31, 2024 | ​ | ​ | ​ | $ | 249,760,654 | ​ | ​ |

Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of FASB ASC Topic 340-10-S99-1, “