TPB Acquisition I called a Feb. 22 meeting for shareholders to vote on the proposed business combination with Lavoro, an agricultural inputs retailer based in Latin America.
The SEC has declared the SPAC's registration statement effective.
Announced in September, the transaction will be funded by up to $180 million from cash in the SPAC's trust and $100 million that TPB intends to raise through a PIPE at $10 per share. The deal has an implied initial enterprise value of approximately $1.2 billion.
Source: TPB Acquisition I Sets Vote Date on Lavoro Deal