Lavoro Announces Voluntary Delisting from Nasdaq
Lavoro announced that it has notified the Nasdaq Stock Market of its decision to voluntarily delist its ordinary shares and its warrants exercisable for one Ordinary Share at an exercise price of $11.50 from the Nasdaq Global Market. Lavoro intends to file a Form 25 with the SEC to remove its Ordinary Shares and Warrants from listing on the Nasdaq Global Market on or about February 24, 2026 and deregister such securities under Section 12(b) of the Securities Exchange Act of 1934, as amended, and as a result, Lavoro expects that the last trading day of its Ordinary Shares and Warrants on the Nasdaq Global Market will be on or about February 23, 2026. Furthermore, on or about March 6, 2026, the company intends to file a Form 15 with the SEC to suspend the company's reporting obligations under Sections 12(g) and 15(d) of the Exchange Act. The decision to delist and deregister the Ordinary Shares and Warrants is based on the evaluation of a range of factors and was approved by the Board of Directors. These considerations include the challenging market environment in Brazil during the most recent crop cycles and the costs and expenses associated with being a publicly traded company, particularly given the limited benefits currently associated with maintaining a U.S. public listing.
