net income -$31,000. Suncrete debuts via SPAC merger, deploys + across four acquisitions in six months

Filed May 15, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Company had zero cash and $62,519 working capital deficit at March 31, but management states going concern doubt resolved post-merger.

  MD&A: Business Combination verify on EDGAR →
• high

  Acquired Thunder (Schwarz Ready Mix) for $97M cash plus rollover equity in October 2025, expanding Oklahoma footprint. $22.7M of purchase price deferred until June 30, 2026.

  MD&A: Thunder Acquisition verify on EDGAR →
• high

  Upsized credit facility to $205M term loan and $35M revolver with Bank of America to fund acquisition spree. Multiple amendments executed through April 2026 to permit Business Combination and subsequent deals.

  MD&A: Credit Agreement verify on EDGAR →