SEC Filing Document

Company: ERock, Inc.
Ticker: 
CIK: 2110029
Filing Type: DRS/A
Document Type: DRS/A
Date Filed: 2026-04-01
Accession Number: 0001193125-26-138217
Exchange: 
SIC Code: 3620
SIC Description: Electrical Industrial Apparatus
URL: https://www.sec.gov/Archives/edgar/data/2110029/000119312526138217/filename1.htm

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forma income before income taxes Pro forma income tax expense Pro forma net income Pro forma net income (loss) attributable to members’/stockholders’ equity Net income (loss) attributable to noncontrolling interests Pro forma income (loss) available to Class A common stock Weighted average shares of Class A common stock outstanding Pro forma net income (loss) available to Class A common stock per share Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Sole Director of ERock, Inc. Opinion on the Financial Statement have audited the accompanying balance sheet of ERock, Inc. (the “Company”) as of January 21, 2026, and the related notes (collectively referred to as the “financial statement”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of January 21, 2026, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion

This financial
statement is the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statement based on our audit. We are a public accounting firm registered with the Public Company
Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over
financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over
financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material
misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provide a reasonable
basis for our opinion.

/s/ Deloitte & Touche LLP

Houston, TX

April 1, 2026

We have served as the Company’s auditor since 2026.

Table of Contents

ERock, Inc.

Balance Sheet

As of January 21, 2026

ASSETS

Current assets:

Cash $	10

Total assets $	10

Commitments and contingencies

STOCKHOLDER’S EQUITY

Common stock, $0.01 par value, 1,000 shares authorized, issued and outstanding $	10

Total Stockholder’s equity $	10

See accompanying notes to the balance sheet.

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ERock, Inc.

Notes to the Balance Sheet

NOTE 1 -
ORGANIZATION AND BACKGROUND

ERock Inc. (“the Company”) was incorporated in Delaware on January 20, 2026. Pursuant to
a reorganization into a holding company structure, the Company will be a holding company, and its principal asset will be an indirectly held controlling equity interest in Enchanted Rock Holdings, LLC (the “LLC”). Through the
Company’s ability to appoint the board of managers of the LLC, the Company will operate and control all of the business and affairs of the LLC, and through the LLC and its subsidiaries, conduct the Company’s business.

Basis of Presentation

The balance sheet
has been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Statements of income, stockholder’s equity and cash flows have not been presented because the Company has not engaged in any business
or other activities except in connection with its formation.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash

The Company considers cash on hand,
cash in banks, and other highly liquid debt instruments purchased with an original maturity of three months or less to be cash and cash equivalents.

Income Taxes

The Company is treated as a
subchapter C corporation, and therefore, is subject to both federal and state income taxes. The LLC continues to be recognized as a limited liability company, a pass-through entity for income tax purposes.

NOTE 3 - STOCKHOLDER’S EQUITY

January 20, 2026, the Company was authorized to issue 1,000 shares of common stock, $0.01 par value. On January 21, 2026, the Company issued 1,000 shares for $10.00, all of which are owned by the LLC.

NOTE 4 - SUBSEQUENT EVENTS

The Company
has evaluated subsequent events through April 1, 2026, the date on which the audited balance sheet was available to be issued.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the unitholders and the Board of Directors of Enchanted Rock Holdings, LLC

Opinion on the Financial Statements

have audited the accompanying consolidated balance sheets of Enchanted Rock Holdings, LLC and subsidiaries (the “Company”) as of December 31, 2025 and 2024, the related consolidated statements of operations, changes in mezzanine
equity and members’ equity, and cash flows for each of the two years in the period ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial
statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the two years in the period ended December 31,
2025, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the
Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in
accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB and in accordance with auditing standards generally accepted in the
United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required
to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing
an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting
principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Houston, TX

April 1, 2026

We have served as the Company’s auditor since 2024.

Table of Contents

Enchanted Rock Holdings, LLC

Consolidated Balance Sheets

As of December 31,
2025 and 2024

(in thousands, except unit value amounts)

Assets

Current assets:

Cash and cash equivalents $	108,097 $	21,913

Accounts receivable, net 33,762 28,633

Inventory 43,681 80,487

Contract assets 15,964 9,682

Prepaid expenses 8,799 16,683

Other current assets 6,567 3,511

Total current assets 216,870 160,909

Property and equipment, net 27,545 26,781

Right-of-use
assets, net 10,832 11,670

Other assets 2,649 8,324

Total assets $	257,896 $	207,684

Liabilities and Equity

Current liabilities:

Accounts payable $	16,549 $	31,959

Accrued liabilities and other payables 26,235 16,309

Contract liabilities 170,025 33,197

Operating lease liabilities 3,343 2,773

Deferred income 24,598 41,332

Other current liabilities 344 2,961

Total current liabilities 241,094 128,531

Notes payable 59,984 70,772

Noncurrent lease liabilities 8,019 9,361

Warrant unit liabilities — 13,979

Noncurrent deferred income 10,819 —

Other noncurrent liabilities 3,407 1,778

Total liabilities $	323,323 $	224,421

Commitments and contingencies (Note 17)

Mezzanine equity:

Series A preferred units (163,975 units authorized, issued and outstanding at December 31,
2025 and December 31, 2024) 46,690 38,883

Total mezzanine equity 46,690 38,883

Members’ equity:

Common units (216,002 units issued and outstanding at December 31, 2025 and December 31,

Noncontrolling interest 38 38

Total members’ equity (112,117	) (55,620	)

Total liabilities and equity $	257,896 $	207,684

The accompanying notes are an integral part of these consolidated financial statements.

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Enchanted Rock Holdings, LLC

Consolidated Statements of Operations