Item 5.07. Submission of Matters to a Vote of Security Holders.
Set forth below are the final voting results for each of the proposals submitted to a vote of the shareholders ofTPB Acquisition Corporation I ("TPB SPAC") at the extraordinary general meeting of shareholders (the "Extraordinary General Meeting") in connection with its previously announced business combination (the "Business Combination") withLavoro Limited ("New Lavoro") and certain other parties as described in greater detail in the proxy statement filed by TPB SPAC with theSecurities and Exchange Commission onFebruary 3, 2023 : Votes Votes For
Against Abstentions 1. A proposal to, as an ordinary resolution, authorize, 18,453,419 692,608 0
approve and confirm in all respects the transactions contemplated by the Business Combination Agreement, dated as ofSeptember 14, 2022 (as may be amended, supplemented, or otherwise modified from time to time), by and among TPB SPAC, New Lavoro,Lavoro Merger Sub I Limited , aCayman Islands exempted company and a direct, wholly owned subsidiary of New Lavoro ("First Merger Sub"),Lavoro Merger Sub II Limited , aCayman Islands exempted company and a direct, wholly owned subsidiary of New Lavoro,Lavoro Merger Sub III Limited , aCayman Islands exempted company and a direct, wholly owned subsidiary ofNew Lavoro and Lavoro Agro Limited , an exempted company incorporated with limited liability in theCayman Islands ("Lavoro Agro Limited "), pursuant to which, among other things,Lavoro Agro Limited and TPB SPAC will become wholly owned subsidiaries of New Lavoro, on the terms and conditions set forth therein; Votes Votes For
Against Abstentions 2. A proposal to, as a special resolution, authorize, approve 18,453,419 692,608 0
and confirm in all respects the plan of merger pursuant to which First Merger Sub will be merged with and into TPB SPAC, with TPB SPAC surviving as a direct wholly owned subsidiary of New Lavoro; Votes Votes For
Against Abstentions 3. A proposal to, as a special resolution, approve the change 18,410,058 735,969 0
in the authorized share capital of TPB SPAC toUS$1,500,000 consisting of 1,400,000,000 New Lavoro ordinary shares and 100,000,000 New Lavoro preferred shares, par valueUS$0.001 each; Votes Votes For
Against Abstentions 4. A proposal to, as a special resolution, approve that upon 18,453,419 692,608 0
the closing of the Business Combination, New Lavoro director nominees are to be elected by an ordinary resolution of the holders of New Lavoro ordinary shares in accordance with the amended and restated memorandum and articles of association of New Lavoro at each annual general meeting of New Lavoro to fill the seats of those directors whose terms expire at such annual general meeting; Votes Votes For
Against Abstentions 5. A proposal to, as a special resolution, approve that the 18,453,419 692,608 0
amended and restated memorandum and articles of association of New Lavoro will not include the various provisions of TPB SPAC's existing amended and restated memorandum and articles of association that are applicable only to blank check companies;
Based upon the submission of proxies and ballots, a majority of the shares of TPB SPAC ordinary shares issued and outstanding and entitled to vote at the close of business on the record date were present at the Extraordinary General Meeting by proxy or by attendance via the virtual meeting website, which constituted a quorum. Proposal 1 was approved by the required vote. Proposal 2 was approved by the required vote. Proposal 3 was approved by the required vote. A vote regarding adjournment of the Extraordinary General Meeting (Proposal 4) was deemed not necessary or appropriate because there were sufficient votes at the time of the Extraordinary General Meeting to approve each of the foregoing matters. Item 8.01. Other Events. In connection with the shareholder vote at the Extraordinary General Meeting, TPB SPAC's public shareholders had the right to elect to redeem all or a portion of their Class A ordinary shares for a per share price calculated in accordance with TPB SPAC's organizational documents. TPB SPAC's public shareholders holding 14,913,445 Class A ordinary shares validly elected to redeem their public shares as of5:00 p.m., Eastern Time , onFebruary 22, 2023 . OnFebruary 22, 2023 , TPB SPAC issued a press release announcing the results of the Extraordinary General Meeting. A copy of the press release is attached
as Exhibit 99.1.
The closing of the Business Combination is expected to occur on or about
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description 99.1 Press Release datedFebruary 22, 2023 .
104 Cover page Interactive Data File (embedded within the Inline XBRL document)
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