Lavoro, Brazil’s largest agricultural inputs retailer, announced
today that it will host its investor and analyst day on Thursday,
November 10, 2022 beginning at approximately 1:30 p.m. ET, in New
York City, New York.
Lavoro’s senior management will present its long-term growth
strategy and financial outlook, and discuss the proposed business
combination with TPB Acquisition Corporation I (Nasdaq: TPBA),
followed by a live Q&A session.
In-person attendees will have the opportunity to participate in
breakout sessions with key executives including Lavoro CEO Ruy
Cunha, and TPB CEO David Friedberg. In-person guests are also
welcome to join senior management for a cocktail reception. For
parties interested in attending the event in person, please contact
LavoroIR@icrinc.com for an invitation.
A live video webcast will be available in listen-only mode
beginning at approximately 1:00 p.m. ET and include access to a
chat-based Q&A session. To access the live webcast, please
register at least 15 minutes prior to the event at
https://icr.swoogo.com/Lavoro_TPB. For additional information, as
well as Lavoro’s latest presentation materials, please visit
Lavoro’s investor website at https://ir.lavoroagro.com/.
About Lavoro
Lavoro is Brazil’s largest agricultural inputs retailer and a
leading provider of agriculture biologics inputs. Through a
complete portfolio, Lavoro empowers farmers to adopt breakthrough
technology and boost productivity. Founded in 2017, Lavoro has a
broad geographical presence, with distribution operations in Brazil
and Colombia, and an emergent agricultural input trading company in
Uruguay. Lavoro’s 878 technical sales representatives have met with
more than 53,000 customers on farms and at 193 retail locations
multiple times per year to help them plan, purchase the right
inputs, and manage their farming operations to optimize outcomes.
Learn more about Lavoro at www.lavoroagro.com.br.
About The Production Board
Founded by David Friedberg, The Production Board is a venture
foundry and investment holding company established to solve the
most fundamental problems that affect our planet by reimagining
global systems of production across food, agriculture,
biomanufacturing, human health, and the broader life sciences. TPB
builds businesses based on emerging scientific discoveries,
partners with exceptional talent, and provides them with the
capital, infrastructure and market insights needed to deliver
meaningful improvement in the cost, energy, time, or carbon
footprint of conventional systems. TPB is backed by leading
strategic and financial investors, including Alphabet, Allen &
Company LLC, Cascade, and funds and accounts managed by BlackRock,
Baillie Gifford, Koch Disruptive Technologies, Counterpoint Global
(Morgan Stanley), Foxhaven Asset Management, and Arrowmark
Partners. Learn more about our work at www.tpb.co.
Additional Information and Where to Find It
The proposed business combination will be submitted to
shareholders of TPB Acquisition Corporation I (“TPB Acquisition
Corp.”) for their consideration. Lavoro has filed a registration
statement on Form F-4 (“the Registration Statement”), which
includes a preliminary proxy statement to be distributed to TPB
Acquisition Corp.’s shareholders in connection with TPB Acquisition
Corp.’s solicitation for proxies for the vote by TPB Acquisition
Corp.’s shareholders in connection with the proposed business
combination and other matters as described in the Registration
Statement, as well as the prospectus relating to the offer of the
securities to be issued in connection with the completion of the
proposed business combination. TPB Acquisition Corp.’s shareholders
and other interested persons are advised to read the preliminary
proxy statement / prospectus and any amendments thereto and, once
available, the definitive proxy statement / prospectus, in
connection with TPB Acquisition Corp.’s solicitation of proxies for
its special meeting of shareholders to be held to approve, among
other things, the proposed business combination, because these
documents contain important information about TPB Acquisition
Corp., Lavoro and the proposed business combination. Shareholders
may also obtain a copy of the preliminary or definitive proxy
statement, once available, as well as other documents filed with
the SEC regarding the proposed business combination and other
documents filed with the SEC by SPAC, without charge, at the SEC’s
website located at www.sec.gov or by directing a written request
to: TPB Acquisition Corporation I, 1 Letterman Drive, Suite A3-1,
San Francisco, CA 94129.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Participants in Solicitation
TPB Acquisition Corp., Lavoro and their directors and executive
officers may be deemed to be participants in the solicitation of
proxies from TPB Acquisition Corp.’s shareholders in connection
with the proposed transaction. A list of the names of the directors
and executive officers of TPB Acquisition Corp. and Lavoro and
information regarding their interests in the proposed business
combination is set forth in the Registration Statement. You may
obtain free copies of these documents as described in the preceding
paragraph.
Forward-Looking Statements
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The contents of any
website mentioned or hyperlinked in this press release are for
informational purposes and the contents thereof are not part of or
incorporated into this press release.
Certain statements made in this press release are “forward
looking statements” within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by
the use of words such as “aims,” “estimate,” “plan,” “project,”
“forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,”
“seek,” “target” or other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding the growth of Lavoro’s
business and its ability to realize expected results and the
expected benefits of the business combination. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Lavoro and TPB Acquisition Corp.
These forward-looking statements are subject to a number of
risks and uncertainties, including but not limited to, the
inability of the parties to successfully or timely consummate the
proposed business combination, including the risk that any required
regulatory approvals are not obtained, are delayed or are subject
to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the proposed business
combination or that shareholder approval will not be obtained; the
risk that the transaction may not be completed by TPB Acquisition
Corp.’s business combination deadline and the potential failure to
obtain an extension of the business combination deadline if sought
by TPB Acquisition Corp.; the failure to satisfy the conditions to
the consummation of the proposed transaction, including the
adoption of the proposed business combination agreement by the
shareholders of TPB Acquisition Corp.; the lack of a third party
valuation in determining whether or not to pursue the proposed
transaction; the occurrence of any event, change or other
circumstance that could give rise to the termination of the
proposed business combination agreement; the effect of the
announcement or pendency of the proposed transaction on Lavoro’s
business relationships, operating results, and business generally;
risks that the proposed transaction disrupts current plans and
operations of Lavoro and potential difficulties in employee
retention as a result of the proposed transaction; the outcome of
any legal proceedings that may be instituted against Lavoro, TPB
Acquisition Corp. or the combined company related to the proposed
business combination agreement or the proposed transaction; the
ability to maintain the listing of TPB Acquisition Corp.’s
securities on a national securities exchange; the price of TPB
Acquisition Corp.’s securities may be volatile due to a variety of
factors, including changes in the competitive and regulated
industries in which TPB Acquisition Corp. plans to operate or
Lavoro operates, variations in operating performance across
competitors, changes in laws and regulations affecting TPB
Acquisition Corp.’s or Lavoro’s business; Lavoro’s inability to
meet or exceed its financial projections and changes in the
combined capital structure; changes in general economic conditions,
including as a result of the COVID-19 pandemic; the ability to
implement business plans, forecasts, and other expectations after
the completion of the proposed transaction, and identify and
realize additional opportunities; changes in domestic and foreign
business, market, financial, political and legal conditions; the
occurrence of any event, change or other circumstance that could
give rise to the termination of the proposed business combination
agreement; the outcome of any potential litigation, government and
regulatory proceedings, investigations and inquiries and other
risks and uncertainties indicated from time to time in the final
prospectus of TPB Acquisition Corp. for its initial public offering
and the proxy statement/prospectus filed by Lavoro relating to the
proposed business combination or in the future, including those
under “Risk Factors” therein, and in TPB Acquisition Corp.’s other
filings with the SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that neither TPB Acquisition Corp. nor
Lavoro presently know or that TPB Acquisition Corp. nor Lavoro
currently believe are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements.
In addition, forward-looking statements reflect TPB Acquisition
Corp.’s and Lavoro’s expectations, plans or forecasts of future
events and views as of the date of this press release. TPB
Acquisition Corp. and Lavoro anticipate that subsequent events and
developments will cause TPB Acquisition Corp.’s or Lavoro’s
assessments to change. However, while TPB Acquisition Corp. and the
TPB Acquisition Corp. may elect to update these forward-looking
statements at some point in the future, TPB Acquisition Corp. and
Lavoro specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing TPB Acquisition Corp.’s or Lavoro’s assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
No Offer or Solicitation
This press release and/or other information does not constitute
an offer to sell or the solicitation of an offer to buy any
securities, or a solicitation of any vote or approval, nor shall
there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction. This communication and/or other information relates
to a potential financing through a private placement of common
stock of a newly formed holding company to be issued in connection
with the transaction. This communication shall not constitute a
“solicitation” as defined in Section 14 of the Securities Exchange
Act of 1934, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221027005388/en/
For Lavoro: Guilherme Nascimento
guilherme.augusto@lavoroagro.com.br, +55 66 9 9911-3093
Fernanda Rosa fernanda.rosa@lavoroagro.com, +55 41 9 9911-2712
For TPB: Rachel Konrad rachel@tpb.co, +1-650-924-5471
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