Vita Coco Enters Material Definitive Agreement

TL;DR

Vita Coco just signed a big deal, details TBD.

AI Summary

On April 24, 2024, The Vita Coco Company, Inc. entered into a Material Definitive Agreement. The filing does not disclose specific details of the agreement, such as parties involved or financial terms, but indicates a significant event for the company.

Why It Matters

This filing signifies a new, potentially impactful agreement for Vita Coco, which could affect its business operations, partnerships, or financial standing.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and implications of the agreement.

Key Players & Entities

• The Vita Coco Company, Inc. (company) — Registrant
• April 24, 2024 (date) — Date of earliest event reported
• 250 Park Avenue South Seventh Floor New York, New York 10003 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common Stock, $0.01 par value per share COCO The Nasdaq

Filing Documents

• coco-20240424.htm (8-K) — 26KB
• 0001482981-24-000057.txt ( ) — 164KB
• coco-20240424.xsd (EX-101.SCH) — 2KB
• coco-20240424_def.xml (EX-101.DEF) — 3KB
• coco-20240424_lab.xml (EX-101.LAB) — 25KB
• coco-20240424_pre.xml (EX-101.PRE) — 15KB
• coco-20240424_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 18, 2024, All Market Singapore PTE Ltd., a wholly owned subsidiary of The Vita Coco Company, Inc. (the "Company"), entered into a Co-Manufacturing and Purchasing Agreement (the "Manufacturing Agreement") with Axelum Resources Corp. ("Axelum"). The Company has an existing relationship with an affiliate of Axelum for the manufacture of various Company products in accordance with the terms of a certain manufacturing and purchasing agreement, dated as of April 8, 2010, which is filed as Exhibit 10.15 to the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on September 27, 2021. The Manufacturing Agreement expands the Company's existing relationship with Axelum. The Manufacturing Agreement has an initial term that commenced on April 18, 2024 and continues until December 31, 2033. Thereafter, the Company has the option to extend the initial term for an additional, successive term of 5 years, on or prior to the date that is 180 days before the expiration of the then-current term. Pursuant to the Manufacturing Agreement, Axelum will take all reasonable commercial steps to begin production on the Company's products as of the earliest possible commencement date of commercial operations of production. Axelum will provide the raw materials and packaging required for production, as well as the production facilities to produce Company products, and the Company will provide necessary training and technology for production. In exchange, the Company commits to purchase a minimum volume of product each calendar year from Axelum. This minimum volume may be adjusted from time to time upon mutual written agreement of the parties. The Manufacturing Agreement also contains a non-competition covenant whereby, during the term of the Manufacturing Agreement, Axelum will not, directly or indirectly, sell, subcontract, manufacture or produce any coconut water-flavored or coconut w

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE VITA COCO COMPANY, INC. Date: April 24, 2024 By: /s/ Martin Roper Name: Martin Roper Title: Chief Executive Officer