BRB Foods Inc. Files S-1/A for IPO
Ticker: BRBF · Form: S-1/A · Filed: Jun 3, 2024 · CIK: 1976870
Sentiment: neutral
Topics: ipo, registration, amendment
TL;DR
BRB Foods Inc. is going public, filed S-1/A on 6/3/24. Formerly BRB Foods Ltd.
AI Summary
BRB Foods Inc. filed an S-1/A amendment on June 3, 2024, for its initial public offering. The company, formerly BRB Foods Ltd, changed its name on May 8, 2023. Its principal executive offices are located in Sao Paulo, Brazil, with a registered address in Dover, Delaware.
Why It Matters
This filing indicates BRB Foods Inc. is moving forward with its plan to become a publicly traded company, which could impact its growth, funding, and the market for its food products.
Risk Assessment
Risk Level: medium — As a company undergoing an IPO, there are inherent risks associated with market reception, financial performance, and competitive landscape.
Key Numbers
- 333-276557 — SEC File Number (Identifies this specific registration filing)
Key Players & Entities
- BRB Foods Inc. (company) — Registrant
- BRB Foods Ltd (company) — Former company name
- June 3, 2024 (date) — Filing date
- May 8, 2023 (date) — Date of name change
- Sao Paulo, Brazil (location) — Principal executive offices
- Dover, Delaware (location) — Registered address
- 333-276557 (other) — SEC File Number
FAQ
What is the primary business of BRB Foods Inc.?
The filing indicates BRB Foods Inc. is in the FOOD & KINDRED PRODUCTS industry (SIC code 2000).
When did BRB Foods Inc. officially change its name?
The company's name was changed from BRB Foods Ltd to BRB Foods Inc. on May 8, 2023.
Where are BRB Foods Inc.'s principal executive offices located?
The principal executive offices are located at Rua Doutor Eduardo de Souza Aranha 387 – Conjunto 151, São Paulo, SP, Brazil.
What is the SEC file number for this registration statement?
The SEC file number is 333-276557.
What is the state of incorporation for BRB Foods Inc.?
BRB Foods Inc. is incorporated in Wyoming.
Filing Stats: 4,124 words · 16 min read · ~14 pages · Grade level 15.2 · Accepted 2024-06-03 17:12:58
Key Financial Figures
- $9,000,000 — s to be used for the public offering of $9,000,000 of shares of common stock (assuming an
- $4.50 — ing an initial public offering price of $4.50 per share, which is the midpoint of the
- $0.001 — 0 shares of our common stock, par value $0.001 per share , assuming an initial public
- $10.1 million — generated total sales of approximately $10.1 million and $14.6 million during our fis
- $14.6 — ales of approximately $10.1 million and $14.6 million during our fiscal years
- $405,192 — et loss, but recorded a net profit of US$405,192. However, for the year ended December 3
Filing Documents
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- 0001213900-24-049144.txt ( ) — 90503KB
RISK FACTORS
RISK FACTORS   11
USE OF PROCEEDS
USE OF PROCEEDS   38 DIVIDEND POLICY   39 CAPITALIZATION   40
DILUTION
DILUTION   41 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS   43
BUSINESS
BUSINESS   64 MANAGEMENT   70
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION   74 CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS   76 PRINCIPAL STOCKHOLDERS   77
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK   78 SHARES ELIGIBLE FOR FUTURE SALE   79 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK   82
UNDERWRITING
UNDERWRITING   86 LEGAL MATTERS   94 EXPERTS   94 WHERE YOU CAN FIND MORE INFORMATION   94 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS   F-1 i Table of Contents ABOUT THIS PROSPECTUS You should rely only on the information contained in this prospectus and in any free writing prospectus. We and the underwriters have not authorized anyone to provide you with information different from that contained in this prospectus. We and the underwriters are offering to sell, and seeking offers to buy, shares of our common stock only in jurisdictions where offers and sales are permitted. The information in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or any sale of shares of our common stock. Neither we, the selling shareholders, nor any of the underwriters has done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of common stock and the distribution of this prospectus outside of the United States. Our logo and some of our trademarks and tradenames are used or incorporated by reference in this prospectus. This prospectus also includes trademarks, tradenames and service marks that are the property of other organizations. Solely for convenience, trademarks, tradenames and service marks referred to in this prospectus may appear without the ® , trademark (™) and service mark ( SM ) symbols, but those references are not intended to indicate in any way that we will not assert to the fullest extent under applicable law our rights or the rights of the applicable licensor to these trademarks, tradenames a