Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 249

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 249
---
 and the mechanics around the payments made to the holders of Company Senior Preferred Units and to Dothan Management. The responses also addressed the parties’ termination rights under the Business Combination Agreement and the questions surrounding the inclusion of customary interim operating covenants and other covenants related to exclusivity and financing, among others.

On August 4 and 5, 2025, representatives of Haymaker and SunTx discussed certain business points related to the Business Combination Agreement. These subjects included the definition of minimum cash, the retirement of preferred securities at Suncrete, and the framework for a management equity incentive program.

On August 11, 2025, DLA delivered a markup of the Business Combination Agreement to Haynes Boone. The revised draft generally addressed various business and drafting points, including the treatment of different existing classes of Suncrete equity, representations and warranties, covenants and closing conditions.

On August 13, 2025, Haymaker engaged Roth Capital Partners, LLC (“Roth”) as placement agent in connection with a potential business combination with Suncrete.

On August 23, 2025, Haynes Boone delivered a revised draft of the Business Combination Agreement to DLA. The revised draft of the Business Combination Agreement addressed, among other things, certain economic terms, covenants, and closing conditions.

On August 27, 2025, Suncrete engaged Baird as placement agent and financial advisor, in each case, in connection with a potential business combination with Haymaker.

On August 30, 2025, Mr. Bradley delivered a business issues list to representatives of SunTx. Subjects included the potential forfeiture of Sponsor shares, the approval process for additional Sponsor Notes, interim operating covenants, and indemnification.

In early September 2025, Haynes Boone, DLA, and White & Case exchanged drafts of the subscription agreement to be entered into by PIPE Investors in connection with the PIPE Offering (the “PIPE Subscription Agreement”).

On September 8, 2025, Haymaker engaged Blair as a financial advisor and capital markets advisor in connection with a potential business combination with Suncrete.

Between September 12, 2025 and October 7, 2025, Haynes Boone, DLA, and White & Case collectively negotiated with the PIPE Investors and their respective representatives and advisors, and responded to follow-up questions and comments related thereto. The material terms negotiated included the Anchor Commitment Fee Shares, registration rights, and the potential sale of pre-funded warrants in lieu of common stock to certain investors