Brazil Potash Shares Sink on $28M Private Placement

Dow Jones

Oct 17

By Connor Hart

Shares of Brazil Potash fell after the company announced a private placement to raise approximately $28 million in gross proceeds.

The stock dropped 14% to $2.29 in midday trading Friday, extending a more than 70% decline so far this year.

The company, which mines a key fertilizer for grain crops in Brazil's Amazon region, said it will sell about 11.5 million common units at $2 each and 2.55 million pre-funded units at $1.999 each to select institutional and accredited investors.

Each common unit includes one common share and one warrant to buy an additional share at $3 within five years. Each prefunded unit includes a prefunded warrant and one warrant to buy a share at $3 within five years. Prefunded warrants are immediately exercisable, said the company.

Brazil Potash said net proceeds will be used for working capital and other general corporate purposes. The transaction is expected to close Monday.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

October 17, 2025 11:49 ET (15:49 GMT)

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The transaction is expected to close Monday. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2025 11:49 ET (15:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4093","symbol_name":"化肥与农用药剂","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2576052945","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576052945","pubTimestamp":1760716140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Brazil Potash fell after the company announced a private placement to raise approximately $28 million in gross proceeds.The stock dropped 14% to $2.29 in midday trading Friday, extending a more than 70% decline so far this year.The company, which mines a key fertilizer for grain crops in Brazil's Amazon region, said it will sell about 11.5 million common units at $2 each and 2.55 million pre-funded units at $1.999 each to select institutional and accredited investors.Each common unit includes one common share and one warrant to buy an additional share at $3 within five years. 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The transaction is expected to close Monday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4093":"化肥与农用药剂","GRO":"Brazil Potash Corp."},"translate_title":"巴西钾肥股价因2800万美元私募而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRO":1.5},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of Brazil Potash fell after the company announced a private placement to raise approximately $28 million in gross proceeds. \n\n\n  The stock dropped 14% to $2.29 in midday trading Friday, extending a more than 70% decline so far this year. \n\n\n  The company, which mines a key fertilizer for grain crops in Brazil's Amazon region, said it will sell about 11.5 million common units at $2 each and 2.55 million pre-funded units at $1.999 each to select institutional and accredited investors. \n\n\n  Each common unit includes one common share and one warrant to buy an additional share at $3 within five years. 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