Suncrete and special purpose acquisition company Haymaker Acquisition Corp 4 have recently jointly announced that they have reached a non-redemption agreement with several institutional investors.

The agreement aims to stabilize the equity structure following the merger and acquisition transaction and to create a more favorable market environment for business integration between both parties. According to the terms of the agreement, participating investment institutions commit not to exercise their share redemption rights during a specified period. This measure will effectively reduce fluctuations in the number of outstanding shares, providing a certain guarantee for future capital operations. Analysts point out that such agreements are common during critical stages of SPAC mergers, as they can stabilize the share price and also demonstrate the confidence of investment institutions in the post-merger entity's development prospects. The management teams of both parties stated that this cooperation marks a deepening of the strategic alliance between the enterprises and will create long-term value for shareholders. The market is watching to see whether this non-redemption arrangement can pave the way for the upcoming business merger and boost the new entity's performance in the capital markets.