Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 204

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 204
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 method of depreciation based on the estimated fair value and useful lives of each fixed asset as of June 30, 2025.

(6)

Adjustment necessary to reflect incremental amortization expense related to estimated customer relationships acquired in the Thunder Acquisition. Amortization is calculated assuming a straight-line method of amortization based on the estimated fair value and useful life of customer relationships as of the closing of the Thunder Acquisition. The customer relationships were estimated to have a weighted average useful life of approximately 10 years. Customer relationship value was estimated based upon historical acquisition activity. The amount of customer relationship value is subject to change, which could be material.

(7)

Adjustment necessary to reflect estimated direct costs expected to be incurred subsequent to June 30, 2025 for the acquisition of Schwarz. These estimated direct costs will be incurred during the latter part of 2025 and early 2026 and have been retrospectively reflected in the Unaudited Pro Forma Condensed Combined Statements of Operations as though incurred for the year ended December 31, 2024.

(8)

Adjustment necessary to reclassify gain on the sale of assets to conform to the presentation of Suncrete.

(9)

Adjustment necessary to eliminate historical interest expense incurred by the Schwarz Entities and to reflect the estimated interest expense in the period presented with respect to the incremental borrowings to finance the Thunder Acquisition. The interest rate utilized as of June 30, 2025 was 7.7% per annum. A one-eighth point change in interest rates as of June 30, 2025 would change interest expense by $0.1 million for the six months ended June 30, 2025.

(10)

Adjustment necessary to reflect interest expense on the deferred cash payment of $22.7 million. This deferred payment will be made approximately six months after the closing of the Thunder Acquisition.

(11)

Adjustment necessary to remove income tax expense on the Schwarz Entities as Suncrete is not a tax paying entity.

(12)

Adjustment necessary to remove the historical noncontrolling interest of the Schwarz Entities. As part of the Thunder Acquisition, Suncrete purchased all noncontrolling interests.

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TABLE OF CONTENTS (d) The following reclassifications were made to the historical financial statements of Haymaker, and such amounts are reflected in the “Haymaker As Reclassified” column: AS RECLASSIFIED STATEMENT OF OPERATIONS OF HAYMAKER ACQUISITION CORP. 4