TPBA SEC filings, in plain English
Everything TPB Acquisition Corp I has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: TPB Acquisition Corporation I filed a proxy and prospectus for up to 135,045,373 shares and 10,083,606 warrants of Lavoro Limited for an extraordinary general meeting on February 22, 2023, to approve the combination agreement dated September 14, 2022. The meeting may be adjourned if redemptions leave aggregate trust cash plus net PIPE proceeds below US$180,000,000 after transaction costs. Based on about US$181,358,178 in the trust at September 30, 2022, redemption would have amounted to about US$10.055 per public share, and no redemption may leave net tangible assets below US$5,000,001. Why it matters: The minimum cash condition of US$180,000,000 sits barely below the US$181.4 million actually in trust, so almost any redemption at all breaks the condition unless the PIPE fills the gap or the parties waive it. That makes this one of the most redemption-sensitive deals of the cycle: the decision of a small number of holders can determine whether it closes. Public holders can redeem at about US$10.055, essentially the deposited value, so the cash alternative is intact for anyone unwilling to take Brazilian agricultural inputs exposure.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2023-03-31
SpacBrain reads this as the agreement may be terminated from 2023-03-31.
The clause “TPB SPAC or Lavoro Agro Limited if the Closing has not occurred on or prior to March 31, 2023 (the “Outside Date”); provided that such party shall not be entitled to terminate if such party’s action or failure to act has been a principal”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-08-12trust $180.5M → $181.4M +1%sponsor loan $1.0M → $2.0M
trust account, sponsor loans outstanding, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $180.5M$181.4M
- Sponsor loans outstanding
- $1.0M$2.0M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 18.0Mnot matched in this filing
SpacBrain reads this as $903,792 was added to the trust between the two filings.
The clause “335,396 594,223 Total current assets 1,210,509 1,075,488 Investments held in Trust Account 181,358,178 180,368,211 Total Assets $ 182,568,687 $ 181,443,699 Liabilities, Class A Ordinary Shares Subject”…
SpacBrain reads this as the sponsor has advanced $1,000,000 more.
The clause …“Capital Loans (as defined in Note 4). As of September 30, 2022, there was $ 2,000,000 outstanding under the Working Capital Loan. Based on the foregoing, management has determined that the Company does not have sufficient liquidity”…
The clause …“are available to be issued, as such, the events and circumstances raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed interim financial statements have been”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
pipenothing moved · 1 with no prior record of ours
- PIPE
- not previously extracted$100.0M
The clause …“(the “ PIPE Investor ”) has entered into a share subscription agreement (a “ PIPE Subscription Agreement ”) pursuant to which the PIPE Investor has committed (the “ PIPE Investment ”) to subscribe for and purchase, for an aggregate”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
pipenothing moved · 1 with no prior record of ours
- PIPE
- $100.0M · unchanged
The clause …“(the “ PIPE Investor ”) has entered into a share subscription agreement (a “ PIPE Subscription Agreement ”) pursuant to which the PIPE Investor has committed (the “ PIPE Investment ”) to subscribe for and purchase, for an aggregate”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-05-16trust $180.4M → $180.5M +0%going concern APPEARED
trust account, going-concern doubt, sponsor loans outstanding +12 moved · 2 with no prior record of ours
- Trust account
- $180.4M$180.5M
- Going-concern doubt
- not statedstated
- Sponsor loans outstanding
- not previously extracted$1.0M
- Redeemable shares
- 18.0M · unchanged
SpacBrain reads this as $81,727 was added to the trust between the two filings.
The clause “433,114 594,223 Total current assets 1,557,573 1,075,488 Investments held in Trust Account 180,454,386 180,368,211 Total Assets $ 182,011,959 $ 181,443,699 Liabilities, Class A Ordinary Shares Subject”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“are available to be issued, as such, the events and circumstances raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed interim financial statements have been”…
The clause …“Working Capital Loans (as defined in Note 4). As of June 30, 2022, there was $ 1,000,000 outstanding under the Working Capital Loan. Based on the foregoing, management has determined that the Company does not have sufficient liquidity”…
The clause “Commitments and Contingencies Class A ordinary shares, $ 0.0001 par value; 18,036,299 shares subject to possible redemption at $ 10.00 per share redemption value 180,362,990 180,362,990 Shareholders' Deficit: ”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-11-15trust $180.4M → $180.4M +0%
trust account, redeemable shares1 moved · 1 with no prior record of ours
- Trust account
- $180.4M$180.4M
- Redeemable shares
- 18.0M · unchanged
SpacBrain reads this as $8,930 was added to the trust between the two filings.
The clause …“540,834 594,223 Total current assets 935,749 1,075,488 Investments held in Trust Account 180,372,659 180,368,211 Total Assets $ 181,308,408 $ 181,443,699 Liabilities, Class A Ordinary Shares Subject”…
The clause “Commitments and Contingencies Class A ordinary shares, $ 0.0001 par value; 18,036,299 shares subject to possible redemption at $ 10.00 per share redemption value 180,362,990 180,362,990 Shareholders' Deficit: ”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.