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TPB ACQUISITION CORPORATION I

(TPBA)
Delayed Nasdaq  -  12:59 2022-11-25 pm EST
9.930 USD   +0.10%
11/14TPB ACQUISITION CORP I Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
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11/14TPB Acquisition Corporation I Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
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11/14Lavoro to Host Investor and Analyst Day on November 17, 2022 in the City of São Paulo
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Brazil's Lavoro to list in U.S. through $1.2 bln SPAC deal

09/15/2022 | 08:33am EST

Sept 15 (Reuters) - Brazil's Lavoro Ltd said on Thursday it would go public in the United States through a merger with special purpose acquisition company TPB Acquisition Corp I , in a deal that values the agricultural products retailer at $1.2 billion.

The deal is expected to rake in $225 million of cash proceeds for Lavoro, including a $100 million private placement from the SPAC's backer The Production Board, Sao Paulo-based Lavoro said.

Lavoro, founded in 2017, offers seeds, fertilizers and crop protection products, among others.

The company said it expects to record $2.3 billion of revenue in 2022, up 63% from last year. The new capital would be used for retail expansion, acquisitions and to introduce new products, Lavoro added.

A SPAC is a publicly listed shell company that raises funds with the intention of merging with a private company within two years of floating its shares. The private firm goes public through the merger.

The SPAC sector has been torpedoed by several scrapped deals this year as market turbulence due to inflation and rising interest rates spook startups looking to go public. (Reporting by Niket Nishant in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta)


ę Reuters 2022
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11/14TPB ACQUISITION CORP I Management's Discussion and Analysis of Financial Condition and..
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11/14TPB Acquisition Corporation I Reports Earnings Results for the Third Quarter and Nine M..
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11/10Tpb Acquisition Corp I : Regulation FD Disclosure, Financial Statements and Exhibits (form..
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10/27Lavoro to Host Investor and Analyst Day on Thursday, November 10, 2022
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10/03Lavoro Files Preliminary Proxy and Registration Statement on Form F-4 for Proposed Comb..
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10/03Tpb Acquisition Corp I : Other Events, Financial Statements and Exhibits (form 8-K)
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09/15Lavoro to Go Public in $1.2 Billion Merger Deal With TPB Acquisition
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More news
Financials (USD)
Sales 2021 - - -
Net income 2021 7,29 M - -
Net cash 2021 0,48 M - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 224 M 224 M -
EV / Sales 2020
EV / Sales 2021 -
Nbr of Employees -
Free-Float 80,0%
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Managers and Directors
David Friedberg Chairman & Chief Executive Officer
William Hauser Chief Financial Officer
Kerry Whorton Cooper Independent Director
Neil Renninger Independent Director
April Underwood Independent Director
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