Brazil Potash Corp. announced it has entered into a private placement financing agreement with certain institutional and accredited investors, expecting to raise approximately $28 million in gross proceeds. The placement involves the sale of 11,450,000 Common Units and 2,550,000 Pre-Funded Units.
Each Common Unit is priced at $2.00 and comprises one common share and one common stock purchase warrant, exercisable at $3.00 per share for five years. Each Pre-Funded Unit, priced at $1.999, includes one pre-funded warrant, immediately exercisable at $0.001 per share, and one common warrant.
The company intends to use the net proceeds from this transaction for working capital and other general corporate purposes. The closing of the private placement is expected on October 20, 2025, subject to the satisfaction of customary closing conditions, providing essential funding for the ongoing development of the Autazes Project.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.