AcquisitionsMay 5, 2026, 04:15 PM
Suncrete Issues 259,291 Shares for Ready-Mix Company Acquisition
AI Summary
Suncrete, Inc. announced the issuance of 259,291 shares of its Class A Common Stock on April 29, 2026. These shares were issued as part of the acquisition of a ready-mix company. The acquisition agreement also includes an earnout provision of up to $10 million, which Suncrete has the option to satisfy with cash or additional shares of Class A Common Stock.
Key Highlights
- Suncrete issued 259,291 shares of Class A Common Stock.
- Shares were issued in connection with the acquisition of a ready-mix company.
- The acquisition agreement includes an earnout of up to $10 million.
- Earnout can be paid in cash or additional Class A Common Stock.
- Share issuances were made under Section 4(a)(2) and/or Rule 506 of Regulation D.