RMIX Suncrete, Inc.
Price Chart
Executive Summary
Harraden Circle, a group of affiliated investment funds, filed a Form 3 disclosing initial beneficial ownership of 4,922,795 shares of Suncrete, Inc. (RMIX) as of April 8, 2026. The shares are held across multiple funds managed by Harraden Circle Investments, LLC, with Frederick V. Fortmiller, Jr. serving as managing member and disclaiming beneficial ownership beyond pecuniary interest.
Actionable Insight
This is a passive institutional stake disclosure, not an activist filing. However, the size of the position (~$110M estimate) and recent insider selling ($6.8M in 30 days) may signal divergent views between management and this institutional holder. Monitor for future 13D/13G filings to determine if this evolves into an activist position.
Key Facts
- Harraden Circle Investors, LP and affiliated funds hold 4,922,795 shares of RMIX
- Filing is an initial Form 3, indicating first report of beneficial ownership
- Frederick V. Fortmiller, Jr. is the managing member of the general partners and investment manager
- Each reporting entity disclaims beneficial ownership except to the extent of pecuniary interest
- Shares are Class A common stock
Financial Impact
4,922,795 shares disclosed, representing a newly reported passive stake. Based on RMIX's $1.1B market cap, this stake is approximately $110M assuming ~4.5% ownership (exact % not specified in filing).
Risk Factors
- Potential for future activism if ownership exceeds 5% threshold
- Concentration risk if Harraden Circle later increases position or becomes vocal
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001193125-26-161985 |
| Document: 0001193125-26-161985-index.html | 0001193125-26-161985 |
| Document: 0001193125-26-161985.txt | 0001193125-26-161985 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
8-K
| $21.91 awaiting T+5 | awaiting T+5 | — | $21.88 (−0.14%) |
|
May 26, 2026
17d ago
|
8-K
| $16.29 $18.02 | ▲ +10.62% | ▲ +10.15% | $21.88 (+34.32%) |
|
May 15, 2026
28d ago
|
8-K
| $17.64 $16.06 | ▼ −8.96% | ▼ −9.92% | $21.88 (+24.04%) |
|
May 15, 2026
29d ago
|
EFFECT
| $17.64 $16.06 | ▲ +8.96% | ▲ +9.92% | $21.88 (−24.04%) |
|
May 7, 2026
5w ago
|
8-K
| $16.58 $17.50 | ▲ +5.55% | ▲ +4.09% | $21.88 (+31.97%) |
|
Apr 17, 2026
8w ago
|
3
| $12.66 $16.00 | ▲ +26.38% | ▲ +25.47% | $21.88 (+72.83%) |
|
Apr 9, 2026
9w ago
|
3
| $10.91 $12.87 | ▲ +17.97% | ▲ +14.78% | $21.88 (+100.55%) |
|
Apr 8, 2026
9w ago
|
8-K
| $10.91 $12.87 | ▲ +17.97% | ▲ +14.78% | $21.88 (+100.55%) |
US Market Status
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