SunTx Capital Partners' Portfolio Company, Suncrete, and Haymaker Acquisition Corp. 4, Successfully Complete Business Combination
Combined Company to Trade as Suncrete Under Ticker "RMIX"
Suncrete to Ring the Nasdaq Stock Market Closing Bell
The transaction was approved by Haymaker's shareholders at an extraordinary general meeting of its shareholders and by Haymaker's warrantholders at a special meeting of warrantholders, each held on
Suncrete's Chief Executive Officer, Randall Edgar, and Executive Chairman of the Board,
"This Nasdaq bell ceremony marks an important moment for Suncrete as we continue our mission to become a leading ready-mix concrete logistics and distribution platform company serving customers throughout the high-growth Sunbelt region of
Fleming continued, "We thank our advisors for their contributions to the successful completion of this transaction and for helping bring our scalable, high-performance platform to the public markets. We are also particularly proud to have partnered with Haymaker and recognize their professionalism, expertise, and collaborative effort in reaching this milestone. We firmly believe Suncrete's strategic growth plan, combined with its Nasdaq listing, positions the company to deliver long-term shareholder value."
Advisors
Jefferies acted as financial advisor and lead capital markets advisor to the Company as well as lead placement agent.
About Suncrete
Suncrete is a pure-play ready-mix concrete company strategically positioned across
About
Cautionary Statement Regarding Forward-Looking Statements
Certain statements herein and the documents incorporated herein by reference may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties.
Examples of forward-looking statements include, but are not limited to, statements with respect to Suncrete's expectations, hopes, beliefs, intentions, plans, prospects, financial results and strategies and statements regarding the anticipated benefits of the Business Combination, plans and use of proceeds, objectives of management for future operations of Suncrete, expected operating costs of Suncrete and its subsidiaries, the upside potential and opportunity for investors, Suncrete's plan for value creation and strategic advantages, market site and growth opportunities, Suncrete's acquisition strategy, regulatory conditions, competitive position and the interest of other corporations in similar business strategies, technological and market trends, future financial condition and performance and expected financial impacts of the Business Combination. These forward-looking statements generally can be identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "potential," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. 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. Such risks, uncertainties and assumptions, include, but are not limited to:
- the failure to realize the anticipated benefits of the Business Combination;
- the outcome of any potential legal proceedings that may be instituted against the parties to the Business Combination;
- the failure of Suncrete to obtain or maintain the listing of its securities on any stock exchange on which the Class A common stock of Suncrete will be listed following the closing of the Business Combination;
- costs related to the Business Combination and as a result of Suncrete becoming a public company;
- changes in business, market, financial, political and regulatory conditions;
- risks relating to Suncrete's anticipated operations and business, including its ability to complete future acquisitions and the success of any such acquisitions;
- the risk that issuances of equity or debt securities following the closing of the Business Combination, including issuances of equity securities in connection with Suncrete's acquisition strategy, may adversely affect the value of Suncrete's common stock and dilute its stockholders;
- the risk that after consummation of the Business Combination, Suncrete could experience difficulties managing its growth and expanding operations;
- challenges in implementing Suncrete's business plan, due to operational challenges, significant competition and regulation; and
- those risk factors discussed in documents of Suncrete filed, or to be filed, with the
SEC .
The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form S-4 and proxy statement/prospectus filed by Suncrete and CPH, and other documents filed or to be filed by Suncrete from time to time with the
Suncrete Investor Contact:
Suncrete@DennardLascar.com
(713) 529-6600
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