Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 611

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 611
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125,882 incentive units to employees under the Plan. The total number of nonvested Incentive Units outstanding increased to 17,451,176 as of June 30, 2025. The fair value of these grants was determined based on the Company’s most recent independent valuation as of December 31, 2024, as there were no material changes to the Company’s operations, capital structure, or exit strategy during the quarter. Share-based compensation expense recognized during the period was approximately $267,000 and is included in Selling, general, and administrative expenses within the Condensed Consolidated Statement of Operations. As of June 30, 2025, the Company had approximately $2.5 million of unrecognized compensation cost related to the outstanding Incentive Units, which will be recognized over the remaining requisite service periods through 2029 on a straight-line basis. Note 12. Revenue The Company generates revenue primarily through the production and delivery of ready-mix concrete. Revenue is recognized at a point in time when control of the product is transferred to the customer, which generally occurs upon delivery to the job site. Revenue from admixture and other ancillary services, which primarily represent additives to enhance the performance of concrete mixes (e.g., cooling services in hot weather), is also recognized at a point in time when the services are provided. Management monitors revenue by type of construction activity, which reflects differences in demand cycles and pricing dynamics. All revenue is recognized at a point in time upon delivery. The following table presents revenue by type of construction activity for the periods indicated (in thousands):

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| Infrastructure | ​ | ​ | ​                             | $ | 11,625 | ​ | ​ | ​ | ​ | ​                             | $ | 10,019 | ​ | ​ |
| Commercial     | ​ | ​ | ​                             | ​ | 35,612 | ​ | ​ | ​ | ​ | ​                             | ​ | 43,146