SCHEDULE: Atlas Capital Boosts Stake in Vulcan Infrastructure to 20%

Atlas Capital Resources entities have increased their beneficial ownership of Vulcan Infrastructure and Power Inc. Class A Common Stock to 20.00% following a private placement and conversion of Class B shares.

Summary

• Atlas Capital Resources (A9) LP, Atlas Capital Resources (A9-Parallel) LP, and Atlas Capital Resources (P) LP (collectively, the "Atlas Purchasers") have increased their beneficial ownership in Vulcan Infrastructure and Power Inc. (the "Issuer") to 20.00% of the outstanding Class A Common Stock.
• This increase is a result of a private placement where Atlas GREE Investment Holdco LLC agreed to purchase 2,923,976 shares at $1.71 per share for $5,000,000, with rights later assigned to the Atlas Purchasers.
• On September 10, 2026, 2,680,031 shares of Class B Common Stock held by the Reporting Persons were converted into Class A Common Stock.
• The Atlas Purchasers acquired a total of 3,024,976 shares of Class A Common Stock in the private placement and conversion.
• Following these transactions, Atlas Capital GP LP and Atlas Capital Resources GP LLC, as general partners, and Andrew M. Bursky and Timothy J. Fazio, as Managing Partners, also hold shared voting and dispositive power over these shares, totaling 7,109,358 shares, representing 20.00% of the outstanding Class A Common Stock.
• The total number of outstanding Class A Common Stock as of September 10, 2026, was 35,547,753 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, reflecting a significant investment and increased stake by Atlas Capital Resources, indicating confidence in Vulcan Infrastructure and Power Inc.'s future.

Positives

• Significant investment by Atlas Capital Resources entities, increasing their beneficial ownership to 20.00% of Vulcan Infrastructure and Power Inc.'s Class A Common Stock.
• Completion of a private placement transaction totaling $5,000,000 for 2,923,976 shares of Class A Common Stock at $1.71 per share.
• Conversion of 2,680,031 shares of Class B Common Stock into Class A Common Stock, demonstrating a shift in share structure.
• Nomination of directors (Andrew M. Bursky, Timothy J. Fazio, David Filippelli, and Jerome Lay) to continue on the Issuer's Board of Directors, indicating ongoing involvement and governance influence.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from the company regarding future performance. However, the increased stake by Atlas Capital Resources suggests a positive outlook from their perspective.

Management Comments

• The reporting persons expressly disclaim beneficial ownership with respect to any shares of Common Stock of the Issuer other than the Common Stock of the Issuer owned directly by such reporting person.
• Based on 35,547,753 shares of Class A Common Stock outstanding as of September 10, 2026 as reported on the Current Report on Form 8-K filed by the Issuer on September 10, 2026.

Industry Context

StockSavvy.ai notes that Schedule 13D filings typically indicate a significant change in beneficial ownership, often preceding or following strategic corporate actions. The increased stake by Atlas Capital Resources in Vulcan Infrastructure and Power Inc. suggests a growing interest and potential influence in the company's strategic direction within the infrastructure and power sector.

Management Changes

Corporate Governance

Related Party Transactions

• Atlas GREE Investment Holdco LLC (an affiliate of Reporting Persons) entered into a subscription agreement with the Issuer for a private placement.
• Holdco assigned its rights to acquire shares in the Private Placement to Atlas Capital Resources (A9) LP, Atlas Capital Resources (A9-Parallel) LP, and Atlas Capital Resources (P) LP.
• Atlas Capital GP LP is the general partner of ACR9, ACR Parallel, and ACR P.
• Atlas Capital Resources GP LLC is the general partner of Atlas Capital GP LP.
• Andrew M. Bursky and Timothy J. Fazio are Managing Partners of Atlas Capital Resources GP LLC.

Stakeholder Impact

• Shareholders: Increased ownership by a significant investor may signal confidence and potentially influence future share price performance. Other shareholders may see their proportional ownership diluted if further share issuances occur.
• Management and Board of Directors: The nomination of directors by Atlas Purchasers indicates a direct influence on board composition and corporate governance.
• Creditors: Increased investment could be seen as a positive sign for the company's financial stability, potentially benefiting creditors.

Next Steps

• The Atlas Purchasers entered into an Investor Rights Agreement with the Issuer.
• The Atlas Purchasers nominated directors to continue on the Board of Directors of the Issuer.

Key Dates

Recommendation

The filing indicates a significant increase in beneficial ownership by Atlas Capital Resources, demonstrating strong conviction. However, without further financial performance data or strategic details beyond the investment itself, a 'hold' recommendation is prudent, suggesting investors monitor further developments and the company's operational performance.

Keywords

Schedule 13D, Vulcan Infrastructure and Power Inc., Atlas Capital Resources, Class A Common Stock, Private Placement, Beneficial Ownership, Shareholder, Investment