Transactions November 29, 2024

Brazil Potash Corp. Completes US$30 Million Cross-border IPO, Going Public at a Valuation of US$575 Million

Brazil Potash Corp., an exploration and development company with a potash mining project located in the state of Amazonas, Brazil, completed its initial public offering in the United States and Canada for gross proceeds of US$30 million, resulting in a post-money valuation of approximately US$575 million. In connection with the IPO, Brazil Potash listed its common shares for trading on the NYSE American under the ticker symbol “GRO”.

 

Cantor Fitzgerald & Co., Banco Bradesco BBI S.A., Freedom Capital Markets, Roth Capital Partners, LLC, and Clarksons Securities, Inc. acted as underwriters in the IPO.

 

Wildeboer Dellelce LLP acted as Canadian counsel for Brazil Potash with a team that included Michael Rennie, Sanjeev Patel, Natalie Tershakowec, Julian Lupo and Mila Simic (corporate finance & securities; mining, energy & natural resources) and Marija Tasevska (tax).

Wildeboer Dellelce LLP