Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 186

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 186
---
   |   |   |   |   |

Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet (a) Adjustment necessary to reflect the transfer of marketable securities held in the Trust Account to cash. (b) Adjustment necessary to reflect the settlement of the deferred underwriting fee by cash upon the Closing of the Business Combination. (c) Adjustment necessary to reflect the preliminary estimated transaction costs expected to be incurred by Suncrete and Haymaker of approximately $21.9 million and $17.5 million, respectively. These costs are accounted for as a reduction in the combined cash account with a corresponding reduction in additional paid-in capital or accumulated deficit consistent with the treatment described in SEC Staff Accounting Bulletin Topic 5.A. These transaction costs will not recur in the combined company income statement beyond 12 months after the transaction. For Suncrete and Haymaker, none of these costs have been paid or accrued as of June 30, 2025. The amount of transaction fees for Suncrete are included as an adjustment to additional paid-in capital. The amount of transaction costs for Haymaker are reflected as an adjustment to accumulated deficit. 86

TABLE OF CONTENTS

(d)

Adjustment necessary to reflect the receipt of $82.5 million in proceeds from the PIPE Financing. Pursuant to the PIPE Subscription Agreement, Haymaker has agreed to issue and sell, in private placements to close immediately prior to or substantially concurrently with the Closing, an aggregate of 8,916,667 shares of PubCo Class A Common Stock, to the PIPE investors.

(e)

Adjustment necessary to reflect cash payments to the holders of the Senior Preferred Units. Pursuant to the Business Combination Agreement, holders of the Senior Preferred Units will receive a cash payment equal to the redemption value of those units at the Closing.

(f)

Adjustment necessary to reflect the redemption of shares for cash by the Public Shareholders of Haymaker upon the consummation of the Business Combination. Under the “No Redemptions” scenario, it assumes that no Public Shareholders of Haymaker will exercise redemption rights with respect to the Public Shares for a pro rata share of the funds in the Trust Account. Under the “Maximum Redemptions” scenario, it assumes that the maximum number of Public Shares are redeemed for aggregate redemption payments of $187.6 million. The Business Combination Agreement contains a condition to the Closing that, after giving effect to the transactions contemplated hereby (including any PIPE Financing) the Available Closing SPAC Cash shall not be less than $150,000