Brazil Potash prices $55 million public offering at $2.50 per share

Brazil Potash Corp. (NYSE American: GRO) announced the pricing of an underwritten public offering that will raise approximately $55 million in gross proceeds before fees and expenses.

The offering consists of 3.7 million common shares priced at $2.50 per share and pre-funded warrants to purchase up to 18.3 million common shares at $2.499 per warrant. The warrant price represents the share offering price minus the $0.001 exercise price per warrant.

Brazil Potash has granted underwriters a 30-day option to purchase up to an additional 3.3 million common shares at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about May 4, 2026, subject to customary closing conditions.

Canaccord Genuity serves as lead book-running manager for the offering, with Roth Capital Partners as joint book-running manager. ArcStone Kingswood, H.C. Wainwright & Co., and Titan Partners act as co-managers.

The company stated it intends to use net proceeds for working capital and general corporate purposes. Brazil Potash is developing the Autazes potash project in Amazonas State, Brazil.

The offering is being conducted under a shelf registration statement on Form F-3 that was declared effective by the Securities and Exchange Commission on April 16, 2026.

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