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Lavoro (TPB Acquisition I) Priced, Nasdaq: LVRO

Blank check company formed by venture foundry The Production Board targeting sustainable businesses in food and bio (completed 2/28/2023).

Industry: SPAC

Latest Trade: $5.60 0.00 (0.0%)

First Day Return: -0.6%

Return from IPO: -44.0%

Industry: SPAC

We are a newly-organized, blank check company. Our sponsor is a wholly-owned subsidiary of The Production Board (TPB), a science-driven venture foundry and investment holding company with sustainability-focused portfolio companies that operate across the food, agriculture, biomanufacturing, and life sciences sectors. Through our sponsor, TPB will provide us with unique expertise in identifying high-potential businesses, attracting key talent, and differentiated access to a deep network of investors and entrepreneurs worldwide. We currently intend to consummate our initial business combination with an independent company in the sectors we operate, either as a standalone transaction or by combining with an independent company and TPB or one or more existing portfolio companies of TPB. We will not however complete an initial business combination with only TPB or a portfolio company of TPB. Founded by David Friedberg, TPB is a science-driven venture foundry and investment holding company, building and operating businesses that reimagine the large, inefficient systems of production that create the food, materials, and medicine humans consume.
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IPO Data
IPO File Date 02/19/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.5
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/10/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 17.5
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Barclays
CODE Advisors
Company Data
Headquarters San Francisco, CA, United States
Founded 2021
Employees 2
Website www.theproductionboard.com

Lavoro (TPB Acquisition I) (LVRO) Performance