If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, and 11. Consists of 2,923,976 outstanding shares (the "MIG Shares") of Vulcan Infrastructure and Power Inc.'s ("Issuer") Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"). Does not include shares of Class A Common Stock that may be issued upon conversion of the MIG Convertible Note (as defined herein) or upon exercise of the MIG Warrant (as defined herein) as, until the Regulatory Approvals (as defined herein) have been obtained, (a) the MIG Convertible Note is not convertible and (b) the MIG Warrant is not exercisable if such exercise would cause the Reporting Persons' (as defined herein) beneficial ownership of the shares of Class A Common Stock to exceed 9.99% of the number of shares of Class A Common Stock outstanding immediately prior to the issuance date of the MIG Warrant. Rows 8, 10, and 11. Includes shares held directly by MIG REF II INFR, LLC ("MIG"). MIG is wholly owned by Machine Real Estate Fund II, LP ("REF II"). Voting and investment decisions with respect to securities held by REF II and its subsidiaries, including MIG, are managed by Machine Investment Group, LP, pursuant to an investment management agreement between Machine Investment Group, LP and MIG REF II GP, LLC, the general partner of REF II. Eric W. Rosenthal is the managing partner of Machine Investment Group, LP. Mr. Rosenthal may be deemed to be the beneficial owner of the shares of Class A Common Stock beneficially owned by MIG, but he disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein. Row 13. Percentage calculated based on 35,547,753 shares of Class A Common Stock outstanding as of September 10, 2026, as reported in Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission (the "SEC") on September 10, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, and 11. Consists of the 2,923,976 MIG Shares. Does not include shares of Class A Common Stock that may be issued upon conversion of the MIG Convertible Note or upon exercise of the MIG Warrant as, until the Regulatory Approvals have been obtained, (a) the MIG Convertible Note is not convertible and (b) the MIG Warrant is not exercisable if such exercise would cause the Reporting Persons' beneficial ownership of the shares of Class A Common Stock to exceed 9.99% of the number of shares of Class A Common Stock outstanding immediately prior to the issuance date of the MIG Warrant. Rows 8, 10, and 11. Includes shares held directly by MIG. MIG is wholly owned by REF II. Voting and investment decisions with respect to securities held by REF II and its subsidiaries, including MIG, are managed by Machine Investment Group, LP, pursuant to an investment management agreement between Machine Investment Group, LP and MIG REF II GP, LLC, the general partner of REF II. Eric W. Rosenthal is the managing partner of Machine Investment Group, LP. Mr. Rosenthal may be deemed to be the beneficial owner of the shares of Class A Common Stock beneficially owned by MIG, but he disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein. Row 13. Percentage calculated based on 35,547,753 shares of Class A Common Stock outstanding as of September 10, 2026, as reported in Issuer's Current Report on Form 8-K, filed with the SEC on September 10, 2026.


SCHEDULE 13D


 
MIG REF II INFR, LLC
 
Signature:By: /s/ Matthew Lambert
Name/Title:Matthew Lambert, Authorized Signatory
Date:09/16/2026
 
Eric W. Rosenthal
 
Signature:/s/ Eric W. Rosenthal
Name/Title:Eric W. Rosenthal
Date:09/16/2026