Brief: Lavoro To Become Publicly Traded Through Business Combination With Production Board’s Special Purpose Acquisition Company, TPB Acquisition Corporation I

Lavoro

15/09/2022 12:59

Sept 15 (Reuters) - TPB Acquisition Corporation I  TPBA.O :
    * LAVORO TO BECOME PUBLICLY TRADED THROUGH BUSINESS
COMBINATION
WITH PRODUCTION BOARD’S SPECIAL PURPOSE ACQUISITION COMPANY, TPB
ACQUISITION CORPORATION I
    * TPB ACQUISITION CORPORATION I - DAVID FRIEDBERG EXPECTED
TO
BECOME LAVORO BOARD MEMBER UPON CLOSING OF PROPOSED DEAL
    * TPB ACQUISITION CORPORATION I -  NEW US PUBLICLY-LISTED
ENTITY
IS EXPECTED TO BE LISTED ON NASDAQ UNDER TICKER SYMBOL “LVRO”
    * TPB ACQUISITION CORPORATION I - PROPOSED DEAL VALUES
LAVORO,
POST BUSINESS COMBINATION, AT IMPLIED INITIAL ENTERPRISE VALUE
OF ABOUT $1.2 BILLION
    * TPB ACQUISITION CORPORATION I - EXISTING LAVORO
SHAREHOLDERS,
INCLUDING INVESTMENT FUNDS MANAGED BY PATRIA GROUP, TO ROLL 100%
OF EQUITY INTO COMBINED CO
    * TPB ACQUISITION CORPORATION I - EXISTING LAVORO
SHAREHOLDERS,
INCLUDING INVESTMENT FUNDS MANAGED BY PATRIA GROUP, TO OWN ABOUT
74% OF COMBINED CO

Further company coverage:  TPBA.O 

 ((Reuters.Briefs@thomsonreuters.com;))