Brazil Potash Corp.

Brazil Potash Corp. (GRO) priced its initial public offering on Nov 27, 2024 at $15.00 per share, within its $15.00–$18.00 range, raising $30M, and listed on NYSE American. At the IPO price its market capitalization was about $575.1M. Cantor was lead-left underwriter, joined by Bradesco BBI, Roth Capital and Freedom Capital. Greenberg Traurig and Wildeboer Dellelce advised the company and Sidley Austin and Bennett Jones advised the underwriters.

Brazil Potash Corp. is a pre-revenue mineral exploration and development company whose main asset is the Autazes potash project in Amazonas, Brazil. Its technical operations are in Autazes and Belo Horizonte, and its corporate office is in Toronto, Canada.

Status

IPO

Ticker

GRO

Exchange

NYSE American

Priced

Nov 27, 2024

IPO price

$15.00

Price range

$15.00–$18.00

Raised

$30M

Market cap at IPO price

$575.1M

First filed

Aug 20, 2024

Underwriters

Cantor, Bradesco BBI, Roth Capital and Freedom Capital

Company counsel

Greenberg Traurig and Wildeboer Dellelce

Underwriters' counsel

Sidley Austin and Bennett Jones

Sector

Energy, mining & utilities

Country / state

Ontario, Canada

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.