Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 242

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 242
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 the Sponsor purchased an aggregate of 797,600 private placement units at a price of $10.00 per private placement unit, generating gross proceeds of $7,976,000.

Prior to consummation of the IPO, neither Haymaker, nor anyone on its behalf, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to a transaction with Haymaker.

Promptly following the IPO, Haymaker’s officers and directors commenced an active search for prospective businesses and assets to acquire using the Sponsor’s network of investment bankers, private equity firms, consulting firms, legal and accounting firms, and numerous other business relationships. Representatives of Haymaker and the Sponsor contacted and were contacted by a number of individuals and entities with respect to acquisition opportunities. As part of this process, Haymaker management considered and conducted an analysis of over 110 potential acquisition targets (including Suncrete) in a wide variety of industry sectors. The revenues of the potential acquisition targets ranged from pre-revenue companies to companies with over $2.0 billion in revenue. Haymaker completed some level of analysis on 58 of those potential targets, and entered into non-disclosure agreements with 37 of those potential acquisition targets.

Haymaker ultimately determined not to proceed with any of its other potential acquisition opportunities for a variety of reasons, including because (i) the potential counterparty pursued an alternative transaction or strategy, (ii) the potential counterparty did not meet the valuation expectations of Haymaker, (iii) based on initial due diligence findings conducted by Haymaker management, the potential counterparty did not meet the expectations of Haymaker in terms of business quality, growth opportunities or otherwise or (iv) Haymaker concluded that the opportunity was not as well-suited for Haymaker (including as compared to the Suncrete business combination opportunity once Haymaker was made aware of such opportunity).

On October 29, 2024, Jefferies, LLC (“Jefferies”), Suncrete’s financial and capital markets advisor, contacted representatives of Haymaker to discuss a potential transaction with Suncrete.

Beginning on October 29, 2024, Haymaker’s directors and officers, led by Mr. Christopher Bradley (then Haymaker’s chief financial officer and later also a Haymaker director and chief executive officer) and assisted by Haymaker’s advisors, commenced due diligence on Suncrete based on the information provided by or on behalf of Suncrete. In addition, Haymaker’s directors and officers commenced discussions with representatives of Suncrete and conducted research on Suncrete, the industry