巴西钾肥IPO定价为每股15美元

2024-11-27 14:11

Exploration and development company with a potash mining project located in the state of Amazonas, Brazil—Brazil Potash (GRO) priced its initial public offering of 2M shares at a price to the public of $15.00 per share.
The gross proceeds from the IPO are expected to be approximately $30M.
Underwriters have an option to purchase up to an additional 300,000 shares, for a period of 30 days from the date of the final prospectus, to cover over-allotments, if any.
The company has agreed to issue to the underwriters, upon the closing of the IPO, warrants exercisable for the number of common shares equal to 5% of the total number of common shares sold in the IPO. Such warrants will be exercisable at an exercise price equal to 130% of the initial public offering price.
The shares are expected to begin trading on the NYSE American on November 27, 2024 under the symbol “GRO”.
The closing of the IPO is expected to occur on November 29, 2024.

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