Suncrete Announces Dual Listing on Nasdaq Texas
Rhea-AI Summary
Suncrete (NASDAQ: RMIX) announced a dual listing of its common stock on Nasdaq Texas, a new Dallas‑based venue focused on Texas‑tied companies. Suncrete will keep its primary Nasdaq Stock Market listing and the same RMIX ticker. Trading on Nasdaq Texas is expected to begin May 27, 2026, and the dual listing will not affect investors' ability to trade the stock.
Positive
- Dual listing on Nasdaq Texas to expand market visibility in Texas
- Primary listing on Nasdaq maintained with the same RMIX ticker symbol
- Nasdaq Texas trading expected to commence on May 27, 2026
- Company highlights expanded Texas footprint via Hope Concrete and Nelson Bros Ready Mix
Negative
- None.
News Market Reaction – RMIX
In the May 27 session, RMIX declined 0.61%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 15 | Q1 2026 earnings | Neutral | +0.8% | Reported strong revenue growth but a net loss with updated 2026 guidance. |
| May 07 | Texas acquisition | Positive | +0.1% | Closed Nelson Bros. Ready Mix deal, adding plants and mixer trucks in Texas. |
| Apr 29 | Texas expansion | Positive | -0.5% | Completed Hope Concrete acquisition, entering Texas and Louisiana markets. |
| Apr 21 | Earnings schedule | Neutral | +2.0% | Announced date and access details for the Q1 2026 earnings release call. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including acquisitions and Q1 earnings, has generally produced modest price moves, with one Texas acquisition drawing a slight negative reaction despite being strategically positive.
Over the past month, Suncrete has transitioned from announcing its first-quarter 2026 earnings to executing a Texas-focused expansion via the Hope Concrete and Nelson Bros acquisitions. These deals added multiple ready-mix plants and trucks and formally extended its footprint into Texas and Louisiana. The latest dual listing on Nasdaq Texas builds directly on this earlier Texas platform strategy, reinforcing the state’s central role in Suncrete’s growth narrative while investors have so far reacted with relatively small price changes to these milestones.
Key Terms
dual listing financial
nasdaq stock market financial
ticker symbol financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Randall Edgar, Suncrete's Chief Executive Officer, said, "We are pleased to join Nasdaq Texas as a founding member.
Ned N. Fleming, III, the Company's Executive Chairman, stated, "This dual listing reflects our deep, long-term commitment to
"
"As we continue expanding our presence through both organic growth and strategic acquisitions, we are excited to further strengthen our ties to
"Nasdaq Texas is built on the belief that companies growing in this state deserve a platform with global reach. Suncrete is among the first companies to join the Nasdaq Texas community, and their continued investment in
Suncrete will maintain its primary listing on the Nasdaq Stock Market and will be dually listed on Nasdaq Texas with the same "RMIX" ticker symbol. Suncrete expects the listing and trading of its common stock on Nasdaq Texas to commence on May 27, 2026. The dual listing will not affect investors' ability to buy or sell the Company's stock.
About Suncrete
Suncrete is a pure-play ready-mix concrete company strategically positioned across
Cautionary Statement Regarding Forward-Looking Statements
Certain statements herein that are not historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "should," "will," "would," and similar expressions or the negative of such terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, statements related to future events, business strategy, future performance and future operations, statements regarding the Company's acquisition strategy and statements relating to the benefits of recently completed acquisitions. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to, the Company's ability to successfully manage and integrate acquisitions; failure to realize the expected economic benefits of acquisitions, including future levels of revenues being lower than expected and costs being higher than expected; failure or inability to implement growth strategies in a timely manner; declines in public infrastructure construction and reductions in government funding; risks related to the Company's operating strategy; competition for projects in the Company's local markets; risks associated with the Company's capital-intensive business; government requirements and initiatives; unfavorable economic conditions and restrictive financing markets; risks related to adverse weather conditions; the Company's substantial indebtedness and the restrictions imposed on the Company by the terms thereof; risks related to the Company's information technology systems and infrastructure; the Company's ability to maintain effective internal control over financial reporting; and the other risks described in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.
Contact:
Rick Black
Dennard Lascar Investor Relations
Suncrete@DennardLascar.com
(713) 529-6600
View original content:https://www.prnewswire.com/news-releases/suncrete-announces-dual-listing-on-nasdaq-texas-302782240.html
SOURCE Suncrete, Inc.