BRB Foods Inc. Files S-1 Registration Statement
Ticker: BRBF · Form: S-1 · Filed: Jan 17, 2024 · CIK: 1976870
Complexity: moderate
Sentiment: neutral
Topics: BRB Foods, S-1 Filing, SEC, IPO, Registration Statement
TL;DR
<b>BRB Foods Inc. has filed an S-1 registration statement with the SEC on January 17, 2024, marking a significant step towards a potential public offering.</b>
AI Summary
BRB Foods Inc. (BRBF) filed a IPO Registration (S-1) with the SEC on January 17, 2024. BRB Foods Inc. has filed an S-1 registration statement with the SEC. The filing was made on January 17, 2024. The company was formerly known as BRB Foods Ltd. Its principal executive offices are located in São Paulo, Brazil. The company is incorporated in Wyoming.
Why It Matters
For investors and stakeholders tracking BRB Foods Inc., this filing contains several important signals. This S-1 filing indicates BRB Foods Inc. is preparing to become a publicly traded company, which could provide access to capital for expansion and growth. The registration statement will offer detailed insights into the company's business, financial condition, and future prospects, allowing investors to make informed decisions.
Risk Assessment
Risk Level: low — BRB Foods Inc. shows low risk based on this filing. The filing is an S-1 registration statement, which is a preliminary step for an IPO and does not contain detailed financial performance data or operational specifics beyond basic company identification.
Analyst Insight
Monitor future filings for detailed financial statements and business operations to assess investment potential.
Key Numbers
- 20240117 — Filing Date (S-1 Registration Statement)
- 0001976870 — Central Index Key (BRB Foods Inc.)
- 2000 — SIC Code (FOOD & KINDRED PRODUCTS)
- 921196935 — IRS Number (BRB Foods Inc.)
- DE — State of Incorporation (BRB Foods Inc.)
- 1231 — Fiscal Year End (BRB Foods Inc.)
- 333-276557 — SEC File Number (S-1 Registration Statement)
- +55 4040 -5766 — Business Phone (BRB Foods Inc.)
Key Players & Entities
- BRB Foods Inc. (company) — Exact name of registrant
- BRB Foods Ltd. (company) — Former company name
- Securities and Exchange Commission (regulator) — SEC
- January 17, 2024 (date) — Filing date
- Wyoming (jurisdiction) — State of incorporation
- São Paulo, Brazil (location) — Address of principal executive offices
- Mitchell L. Lampert (person) — Copies to counsel
- Lawrence S. Venick (person) — Copies to counsel
Forward-Looking Statements
- BRB Foods Inc. will complete its initial public offering (IPO) (BRB Foods Inc.) — medium confidence, target: 2024-12-31
- The company will raise capital through the sale of securities (BRB Foods Inc.) — high confidence, target: 2024-12-31
FAQ
When did BRB Foods Inc. file this S-1?
BRB Foods Inc. filed this IPO Registration (S-1) with the SEC on January 17, 2024.
What is a S-1 filing?
A S-1 is a registration statement for initial public offerings, containing the prospectus with business description, financials, and risk factors. This particular S-1 was filed by BRB Foods Inc. (BRBF).
Where can I read the original S-1 filing from BRB Foods Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by BRB Foods Inc..
What are the key takeaways from BRB Foods Inc.'s S-1?
BRB Foods Inc. filed this S-1 on January 17, 2024. Key takeaways: BRB Foods Inc. has filed an S-1 registration statement with the SEC.. The filing was made on January 17, 2024.. The company was formerly known as BRB Foods Ltd..
Is BRB Foods Inc. a risky investment based on this filing?
Based on this S-1, BRB Foods Inc. presents a relatively low-risk profile. The filing is an S-1 registration statement, which is a preliminary step for an IPO and does not contain detailed financial performance data or operational specifics beyond basic company identification.
What should investors do after reading BRB Foods Inc.'s S-1?
Monitor future filings for detailed financial statements and business operations to assess investment potential. The overall sentiment from this filing is neutral.
How does BRB Foods Inc. compare to its industry peers?
BRB Foods Inc. operates within the food and kindred products industry, as indicated by its SIC code 2000.
Are there regulatory concerns for BRB Foods Inc.?
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.
Industry Context
BRB Foods Inc. operates within the food and kindred products industry, as indicated by its SIC code 2000.
Regulatory Implications
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.
What Investors Should Do
- Review the full S-1 filing for detailed business descriptions and risk factors.
- Track future SEC filings for updated financial information and offering details.
- Research the food and kindred products industry for competitive landscape analysis.
Key Dates
- 2024-01-17: S-1 Filing — BRB Foods Inc. filed its initial registration statement with the SEC.
- 2023-05-08: Name Change — BRB Foods Ltd. changed its name to BRB Foods Inc.
Year-Over-Year Comparison
This is the initial S-1 filing for BRB Foods Inc., indicating a transition towards becoming a public company. No prior comparable filings are available for direct comparison.
Filing Stats: 4,123 words · 16 min read · ~14 pages · Grade level 15.4 · Accepted 2024-01-17 17:18:58
Key Financial Figures
- $8,000,000 — s to be used for the public offering of $8,000,000 of shares of common stock of the Regist
- $0.001 — f shares of our common stock, par value $0.001 per share. Prior to this offering and
- $9.5 million — generated total sales of approximately $9.5 million for the nine -month period ended Septem
- $14.6 million — 2023, and total sales of approximately $14.6 million and $3.4 million during our fisc
- $3.4 — ales of approximately $14.6 million and $3.4 million during our fiscal years
- $405,192 — net loss, but record a net profit of US$405,192. However, for the nine months ended Sep
- $4.7 million — we recorded a net loss of approximately $4.7 million. Variations in commodities prices infl
Filing Documents
- fs12023_brbfoodsinc.htm (S-1) — 6461KB
- fs12023ex3-1_brbfoodsinc.htm (EX-3.1) — 11KB
- fs12023ex3-2_brbfoodsinc.htm (EX-3.2) — 2KB
- fs12023ex3-3_brbfoodsinc.htm (EX-3.3) — 150KB
- fs12023ex4-1_brbfoodsinc.htm (EX-4.1) — 0KB
- fs12023ex4-3_brbfoodsinc.htm (EX-4.3) — 133KB
- fs12023ex10-6_brbfoodsinc.htm (EX-10.6) — 30KB
- fs12023ex10-7_brbfoodsinc.htm (EX-10.7) — 26KB
- fs12023ex10-8_brbfoodsinc.htm (EX-10.8) — 61KB
- fs12023ex10-9_brbfoodsinc.htm (EX-10.9) — 92KB
- fs12023ex10-10_brbfoodsinc.htm (EX-10.10) — 90KB
- fs12023ex10-11_brbfoodsinc.htm (EX-10.11) — 95KB
- fs12023ex21-1_brbfoodsinc.htm (EX-21.1) — 3KB
- fs12023ex23-1_brbfoodsinc.htm (EX-23.1) — 2KB
- fs12023ex-fee_brbfoodsinc.htm (EX-FILING FEES) — 65KB
- ex3-1_001.jpg (GRAPHIC) — 334KB
- ex3-1_002.jpg (GRAPHIC) — 284KB
- ex3-1_003.jpg (GRAPHIC) — 336KB
- ex3-1_004.jpg (GRAPHIC) — 298KB
- ex3-1_005.jpg (GRAPHIC) — 70KB
- ex3-1_006.jpg (GRAPHIC) — 290KB
- ex3-1_007.jpg (GRAPHIC) — 165KB
- ex3-1_008.jpg (GRAPHIC) — 185KB
- ex3-1_009.jpg (GRAPHIC) — 263KB
- ex3-1_010.jpg (GRAPHIC) — 293KB
- ex3-1_011.jpg (GRAPHIC) — 163KB
- ex3-1_012.jpg (GRAPHIC) — 261KB
- ex3-2_001.jpg (GRAPHIC) — 202KB
- ex3-2_002.jpg (GRAPHIC) — 290KB
- ex3-2_003.jpg (GRAPHIC) — 228KB
- ex4-1_001.jpg (GRAPHIC) — 1240KB
- tbrb_logo.jpg (GRAPHIC) — 102KB
- tbrb_logo1.jpg (GRAPHIC) — 102KB
- tflowchart_001.jpg (GRAPHIC) — 166KB
- timage_001.jpg (GRAPHIC) — 431KB
- timage_002.jpg (GRAPHIC) — 314KB
- timage_003.jpg (GRAPHIC) — 262KB
- tnetwork1financial_logo.jpg (GRAPHIC) — 47KB
- 0001213900-24-004208.txt ( ) — 15917KB
RISK FACTORS
RISK FACTORS   11
USE OF PROCEEDS
USE OF PROCEEDS   37 DIVIDEND POLICY   38 CAPITALIZATION   39
DILUTION
DILUTION   40 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS   42
BUSINESS
BUSINESS   61 MANAGEMENT   66
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION   69 CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS   71 PRINCIPAL STOCKHOLDERS   72
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK   73 SHARES ELIGIBLE FOR FUTURE SALE   74 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK   76
UNDERWRITING
UNDERWRITING   80 LEGAL MATTERS   88 EXPERTS   88 WHERE YOU CAN FIND MORE INFORMATION   88 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