Suncrete and Haymaker Acquisition Corp. 4 (NYSE: HYAC) announced an upsizing of the previously announced common stock PIPE from $105.5 million to $167.1 million, increasing expected gross proceeds. Including non-redemption agreements, the parties secured approximately $215 million in committed capital.
The combined company is expected to close the business combination in April 2026, will be named Suncrete, Inc. (PubCo) and is expected to list on Nasdaq under the ticker RMIX. Haymaker extended the deadline for stockholders to reverse redemption elections to 5:00 p.m. ET on April 1, 2026.
Suncrete and Haymaker Acquisition Corp. 4 (NYSE: HYAC) entered into Non-Redemption Agreements with certain institutional investors on March 25, 2026.
Investors agreed to acquire an aggregate of 4.4 million Class A public shares, waive redemption rights, and abstain from voting those shares through closing. Suncrete will pay sellers the difference between the actual redemption price and the sale price. After fees, Haymaker expects to receive approximately $10.75 per non-redeemed Public Share. Assuming the investors purchase all agreed shares and a previously announced PIPE of $105.5M closes, the parties anticipate satisfying the Minimum Cash Condition. The business combination is expected to close in April 2026, after which the combined company will be named Suncrete, Inc. and is expected to trade on Nasdaq as RMIX.
Suncrete (SPAC: HYAC) secured support agreements from warrantholders representing a majority of Haymaker public warrants to approve an exchange of each public warrant for $2.25 cash and 0.075 Class A shares.
The business combination is expected to close in Q1 2026, after which the combined company will be named Suncrete, Inc. and list on Nasdaq as RMIX. Institutional private placement commitments were upsized from $82.5 million to $105.5 million, providing additional capital runway.