Last Friday, food company Sovos Brands filed for an IPO, listing the size of the offering as $100 million, subject to adjustment. The Colorado-based company acquired, owns and operates the Rao’s, Birch Benders, Noosa and Michael Angelo brands. According to a filing with the SEC, the majority of Sovos’ sales were from the Rao’s line of products.
Online retailer Boxed announced today that it would become a publicly traded company via a merger with SPAC Seven Oaks Acquisition Corp. Seven Oaks said Boxed is expected to grow at a compound annual growth rate (CAGR) of 33% over the next five years, ultimately achieving $1 billion in net revenue by 2026.
Ringing in the company’s first day trading on the Nasdaq Stock Market, Oatly CEO Toni Petersson said the decision to go public was “the right thing to do.”
Sol Cuisine is heading south of the border, even as it digs financial roots up North. The plant-based Canadian frozen food brand filed this week its letter of intent to go public in Canada with the proceeds from the event used to help the company further expand into the U.S. market.
Plant-based dairy alternative products maker Oatly submitted plans for an initial public offering (IPO) to U.S. regulators, the company confirmed this week.
Last week members of investment firm N*GEN Partners filed with the SEC to raise up to $125 million for an IPO for Better World Acquisition Corp (BWAC), a newly launched special purpose acquisition company (SPAC). BWAC will look to acquire a company that “benefit[s] from strong Environmental, Social and Governance (ESG) profiles” within the “healthy living” sector.
PureSnax International, a wellness brand focused on bringing healthy snacks and foods to consumers, is now publicly traded.