Last Updated:
Searching
Create account to add to watchlist!

TPB Acquisition Corp I - TPBA

  • Commons

    $9.91

    +1.85%

    TPBA Vol: 6.0

  • Warrants

    $0.71

    -5.33%

    TPBAW Vol: 30.6K

  • Units

    $9.96

    +0.00%

    TPBAU Vol: 5.2K

Average: 0
Rating Count: 0
You Rated: Not rated

Please log in to rate.

SPAC Stats

Market Cap: 175.1M
Average Volume: 14.2K
52W Range: $9.70 - $15.52
Weekly %: +1.64%
Monthly %: +0.00%
Inst Owners: 2

Info

Target: Searching
Days Since IPO: 108
Unit composition:
Each unit has an offering price of  $10.00 and consists of one Class A ordinary share and one-third of one redeemable warrant
Trust Size: 25000000.0M

Management

Our officers, directors and director nominees are as follows: Name ​ ​ Age ​ ​ Position ​ David Friedberg ​ ​ ​ ​ 40 ​ ​ ​ Chief Executive Officer, Director and Chairman of the Board ​ William Hauser ​ ​ ​ ​ 35 ​ ​ ​ Chief Financial Officer ​ Bharat Vasan ​ ​ ​ ​ 44 ​ ​ ​ Director Nominee ​ Kerry Cooper ​ ​ ​ ​ 48 ​ ​ ​ Director Nominee ​ Neil Renninger ​ ​ ​ ​ 46 ​ ​ ​ Director Nominee ​ April Underwood ​ ​ ​ ​ 40 ​ ​ ​ Director Nominee ​ David Friedberg, has served as the Chief Executive Officer of The Production Board since 2015. In his role at The Production Board, Mr. Friedberg is also the founder and sits on the boards of several private companies, including Brightloom, Northern Quinoa Production Company, Soylent, Clara Foods, Pattern Ag, TripleBar Bio, Uplifting Results Labs, Cana Technology, Ohalo Genetics, and Tillable. In addition, Mr. Friedberg currently serves on the board of directors of Metromile, Inc. (“Metromile”). Mr. Friedberg is the founder of Metromile, served as the Chairman of Metromile’s Board of Directors since January 2011 and served as President and Chief Executive Officer from January 2011 to May 2011. From 2006 to 2013, Mr. Friedberg founded and was the Chief Executive Officer of The Climate Corporation, an agriculture-focused weather insurance and software company acquired by The Monsanto Company in 2013. Mr. Friedberg holds a Bachelor of Arts in Astrophysics from the University of California, Berkeley. We believe Mr. Friedberg is uniquely qualified to serve on our board of directors due to his executive leadership experience, and his service as a director at numerous companies. William Hauser, has served as the VP of Finance at The Production Board since 2019. In addition, he currently serves as a member of the Board of Directors of Northern Quinoa Production Company. Prior to joining The Production Board, Mr. Hauser co-founded and was Chief Financial Officer of Darwin Homes from 2018 to 2019, and previously served as Chief Financial Officer of Northern Quinoa Production Company from 2017 to 2018, and Director of Finance and Analytics at DoorDash from 2014 to 2017. Mr. Hauser co-founded and was President of Two Degrees from 2009 to 2013, and was an Analyst at Goldman Sachs from 2008 to 2009. He holds a bachelor’s degree in Economics from Harvard University. Bharat Vasan, has served as The Production Board’s President and Chief Operating Officer since 2020. In addition, Mr. Vasan currently sits on the boards of Uplifiting Results Labs and Cana Technology. Prior to joining The Production Board, Mr. Vasan was the Chief Executive Officer of PAX Labs from 2018 to 2019 and, prior to that, led multiple businesses to their exits, including as President and Chief Operating Officer of August Home from 2014 to 2017 (acquired by Assa Abloy), and as the co-founder and Chief Operating Officer of BASIS Science from 2010 to 2014 (acquired by Intel, Inc.). Mr. Vasan also played various roles in corporate development and executive leadership at Electronic Arts. He received his undergraduate degree from Middlebury College and his graduate degree from Columbia University. We believe Mr. Vasan’s experience as The Production Board’s President and Chief Operating Officer and significant executive, investment and financial expertise make him well qualified to serve as a member of our board of directors. Kerry Whorton Cooper, currently serves as a member of the boards of directors of Pacific Gas and Electric Company, Fernish and Treau, and is an Entrepreneur-in-Residence at Harvard Business School. Previously, Ms. Whorton Cooper was President and Chief Operating Officer of Rothy’s from 2018 to 2020, and served on the boards of directors of BevMo from 2017 to 2020, Weddington Way from 2015 to 2017 and Choose Energy from 2013 to 2016. Prior to Rothy’s, she served as Chief Executive Officer of Choose Energy from 2013 to 2016, Chief Operating Officer and Chief Marketing Officer of ModCloth from 2010 to 2013, VP Global eCommerce, Chief Marketing Officer and VP of Strategy and Business Development at Walmart.com from 2008 to 2010, and SVP of Demand Planning and Retail, Dockers at Levi Strauss from 2002 to 2008. Ms. Whorton Cooper holds a bachelor’s degree in Mechanical Engineering from The University of Texas at Austin, and an MBA from Harvard Business School. We believe Ms. Whorton Cooper’s 109 TABLE OF CONTENTS significant executive experience and operational and financial expertise, as well as her service as director at numerous companies, make her well qualified to serve as a member of our board of directors. Dr. Neil Renninger, served as the co-founder and co-Chief Executive Officer of Ripple Foods from 2014 to 2020, and currently continues to serve as a member of its board of directors. He is currently a board observer at GreenLight Biosciences, and served as a member of its board of directors from 2013 to 2020. Prior to Ripple Foods, Dr. Renninger was an Entrepreneur-in-Residence at Khosla Ventures from 2013 to 2014, and was co-founder, Chief Technology officer, and a member of the board of directors of Amyris from 2004 to 2013. Dr. Renninger holds a bachelor’s degree in Chemical Engineering and master’s degree in Civil and Environmental Engineering from Massachusetts Institute of Technology, and a PhD in Chemical Engineering from the University of California, Berkeley. We believe Dr. Renninger’s significant technical, executive and financial expertise in relevant sectors, as well as his service as a board member in numerous companies, make him well qualified to serve as a member of our board of directors. April Underwood, has been founder and Chief Executive Officer of Local Laboratory Corp since 2020. In addition, she currently serves on the board of Zillow Group since 2017, is a Venture Partner at Obvious Ventures since 2020, and a co-founder of #ANGELS, an investment group, since 2015. Prior to founding Local Laboratory Corp, Ms. Underwood was Chief Product Officer and VP of Product at Slack Technologies from 2015 to 2019. From 2010 to 2015, she was Director of Product at Twitter, and previously served as Product Manager, Travel at The Climate Corporation (formerly known as WeatherBill) from 2009 to 2010, Senior Partner Technology Manager at Google from 2007 to 2009, and held roles in product management and engineering at Travelocity from 2002 to 2005. Ms. Underwood holds a bachelor’s degree in Management Information Systems and Business Honors from The University of Texas at Austin, and an MBA from the University of California, Berkeley (Haas). We believe Ms. Underwood’s experience as an executive, investor and board member at numerous high growth technology companies and venture investment platforms make her well qualified to serve as a member of our board of directors. Number and Terms of Office of Officers and Directors Our board of directors is divided into three classes, with only one class of directors being appointed in each year, and with each class (except for those directors appointed prior to our first annual general meeting) serving a three-year term. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, consisting of       , will expire at our first annual general meeting. The term of office of the second class of directors, consisting of       , will expire at our second annual general meeting. The term of office of the third class of directors, consisting of       , will expire at our third annual general meeting. Prior to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. Pursuant to an agreement to be entered into on or prior to the closing of this offering, our sponsor, upon and following consummation of an initial business combination, will be entitled to nominate three individuals for appointment to our board of directors, as long as the sponsor holds any securities covered by the registration and shareholder rights agreement. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated memorandum and articles of association will provide that our officers may consist of one or more chairman of the board, chief executive officer, president, chief financial officer, vice presidents, secretary, treasurer and such other offices as may be determined by the board of directors. Director Independence Nasdaq listing standards require that a majority of our board of directors be independent. Our board of directors has determined that Kerry Cooper, Neil Renninger and April Underwood are “independent 110 TABLE OF CONTENTS directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Executive Officer and Director Compensation None of our executive officers or directors have received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation, we will reimburse an affiliate of our sponsor for office space, secretarial and administrative services provided to us in the amount of $10,000 per month. In addition, our sponsor, executive officers and directors, or their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, executive officers or directors, or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the company to our sponsor, executive officers and directors, or their respective affiliates, prior to completion of our initial business combination. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our executive officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any business combination. We are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a nominating committee and a compensation committee. Subject to phase-in rules and a limited exception, the rules of Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Subject to phase-in rules and a limited exception, the rules of Nasdaq require that the compensation committee and the nominating committee of a listed company be comprised solely of independent directors. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors.        will serve as members of our audit committee. 111 TABLE OF CONTENTS Our board of directors has determined that each of are independent under Nasdaq listing standards and applicable SEC rules.        will serve as the Chairman of the audit committee. Under Nasdaq listing standards and applicable SEC rules, all the directors on the audit committee must be independent. Each member of the audit committee is financially literate and our board of directors has determined that       qualifies as an “audit committee financial expert” as defined in applicable SEC rules. The audit committee is responsible for: • meeting with our independent registered public accounting firm regarding, among other issues, audits, and adequacy of our accounting and control systems; ​ • monitoring the independence of the independent registered public accounting firm; ​ • verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law; ​ • inquiring and discussing with management our compliance with applicable laws and regulations; ​ • pre-approving all audit services and permitted non-audit services to be performed by our independent registered public accounting firm, including the fees and terms of the services to be performed; ​ • appointing or replacing the independent registered public accounting firm; ​ • determining the compensation and oversight of the work of the independent registered public accounting firm (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; ​ • establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies; ​ • monitoring compliance on a quarterly basis with the terms of this offering and, if any noncompliance is identified, immediately taking all action necessary to rectify such noncompliance or otherwise causing compliance with the terms of this offering; and ​ • reviewing and approving all payments made to our existing shareholders, executive officers or directors and their respective affiliates. Any payments made to members of our audit committee will be reviewed and approved by our board of directors, with the interested director or directors abstaining from such review and approval. ​ Nominating Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish a nominating committee of our board of directors. The members of our nominating committee will be       , and        will serve as chairman of the nominating committee. Under Nasdaq listing standards, we are required to have a nominating committee composed entirely of independent directors. Our board of directors has determined that each of        are independent. The nominating committee is responsible for overseeing the selection of persons to be nominated to serve on our board of directors. The nominating committee considers persons identified by its members, management, shareholders, investment bankers and others. Guidelines for Selecting Director Nominees The guidelines for selecting nominees, which will be specified in a charter to be adopted by us, generally will provide that persons to be nominated: • should have demonstrated notable or significant achievements in business, education or public service; ​ • should possess the requisite intelligence, education and experience to make a significant contribution to the board of directors and bring a range of skills, diverse perspectives and backgrounds to its deliberations; and ​ 112 TABLE OF CONTENTS • should have the highest ethical standards, a strong sense of professionalism and intense dedication to serving the interests of the shareholders. ​ The nominating committee will consider a number of qualifications relating to management and leadership experience, background and integrity and professionalism in evaluating a person’s candidacy for membership on the board of directors. The nominating committee may require certain skills or attributes, such as financial or accounting experience, to meet specific board needs that arise from time to time and will also consider the overall experience and makeup of its members to obtain a broad and diverse mix of board members. The nominating committee does not distinguish among nominees recommended by shareholders and other persons. Compensation Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish a compensation committee of our board of directors. The members of our compensation committee will be       ,        and        will serve as chairman of the compensation committee. Under Nasdaq listing standards, we are required to have a compensation committee composed entirely of independent directors. Our board of directors has determined that each of        are independent. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee, including: • reviewing and approving on an annual basis the corporate goals and objectives relevant to our Co-Chief Executive Officer and our Co-Chief Executive Officer and Chief Financial Officer, evaluating our Co-Chief Executive Officer and our Co-Chief Executive Officer and Chief Financial Offi

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 16.01%
% of Float Held by Institutions 16.01%
Number of Institutions Holding Shares 2

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q FORM 10-Q 2021-11-15 https://www.sec.gov/Archives/edgar/data/1847090/000110465921139145/tpba-20210930x10q.htm
4 FORM 4 SUBMISSION 2021-09-28 https://www.sec.gov/Archives/edgar/data/1847090/000120919121057936/xslF345X03/doc4.xml
4 FORM 4 SUBMISSION 2021-09-28 https://www.sec.gov/Archives/edgar/data/1847090/000120919121057935/xslF345X03/doc4.xml
8-K FORM 8-K 2021-09-28 https://www.sec.gov/Archives/edgar/data/1847090/000110465921120245/tm2128716d1_8k.htm
10-Q FORM 10-Q 2021-09-24 https://www.sec.gov/Archives/edgar/data/1847090/000110465921119289/tpba-20210630x10q.htm
SC 13G TPB ACQUISITION CORPORATION I 2021-08-23 https://www.sec.gov/Archives/edgar/data/1847090/000090266421003997/p21-2015sc13g.htm
SC 13G TPB ACQUISITION CORPORATION I 2021-08-20 https://www.sec.gov/Archives/edgar/data/1847090/000090266421003982/p21-1988sc13g.htm
SC 13G SC 13G 2021-08-20 https://www.sec.gov/Archives/edgar/data/1847090/000090571821001126/tpbacq_sc13gaug112021.htm
SC 13G 2021-08-20 https://www.sec.gov/Archives/edgar/data/1847090/000135755021000057/tpbau13g11aug2021.htm
SC 13G SC 13G 2021-08-20 https://www.sec.gov/Archives/edgar/data/1847090/000119312521252107/d217112dsc13g.htm
8-K FORM 8-K 2021-08-19 https://www.sec.gov/Archives/edgar/data/1847090/000110465921107805/tm2125298d1_8k.htm
8-K FORM 8-K 2021-08-16 https://www.sec.gov/Archives/edgar/data/1847090/000110465921106335/tm2125090d1_8k.htm
424B4 424B4 2021-08-12 https://www.sec.gov/Archives/edgar/data/1847090/000110465921104240/tm216853-19_424b4.htm
CERT 2021-08-11 https://www.sec.gov/Archives/edgar/data/1847090/000135445721000924/8A_Cert_TPBA.pdf
EFFECT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/999999999521003121/xslEFFECTX01/primary_doc.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050713/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050710/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050709/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050708/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050707/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050705/xslF345X02/doc3.xml
3 FORM 3 SUBMISSION 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000120919121050704/xslF345X02/doc3.xml
8-A12B 8-A12B 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847090/000110465921102745/tm2124354d1_8a12b.htm
CORRESP 2021-08-05 https://www.sec.gov/Archives/edgar/data/1847090/000110465921100727/filename1.htm
CORRESP 2021-08-05 https://www.sec.gov/Archives/edgar/data/1847090/000110465921100726/filename1.htm
CORRESP 2021-07-27 https://www.sec.gov/Archives/edgar/data/1847090/000110465921096319/filename1.htm
S-1/A S-1/A 2021-07-27 https://www.sec.gov/Archives/edgar/data/1847090/000110465921096316/tm216853-16_s1a.htm
UPLOAD 2021-07-19 https://www.sec.gov/Archives/edgar/data/1847090/000000000021008901/filename1.pdf
S-1/A S-1/A 2021-07-08 https://www.sec.gov/Archives/edgar/data/1847090/000110465921090288/tm216853-11_s1a.htm
S-1/A S-1/A 2021-04-29 https://www.sec.gov/Archives/edgar/data/1847090/000110465921057263/tm216853d13_s1a.htm
S-1/A S-1/A 2021-04-21 https://www.sec.gov/Archives/edgar/data/1847090/000110465921053219/tm216853-9_s1a.htm
CORRESP 2021-04-02 https://www.sec.gov/Archives/edgar/data/1847090/000110465921046075/filename1.htm
S-1/A S-1/A 2021-04-02 https://www.sec.gov/Archives/edgar/data/1847090/000110465921046071/tm216853-5_s1a.htm
UPLOAD 2021-04-01 https://www.sec.gov/Archives/edgar/data/1847090/000000000021003888/filename1.pdf
CORRESP 2021-03-29 https://www.sec.gov/Archives/edgar/data/1847090/000110465921042704/filename1.htm
CORRESP 2021-03-23 https://www.sec.gov/Archives/edgar/data/1847090/000110465921040388/filename1.htm
S-1/A S-1/A 2021-03-23 https://www.sec.gov/Archives/edgar/data/1847090/000110465921040386/tm216853-2_s1a.htm
UPLOAD 2021-03-19 https://www.sec.gov/Archives/edgar/data/1847090/000000000021003310/filename1.pdf
S-1 S-1 2021-02-19 https://www.sec.gov/Archives/edgar/data/1847090/000110465921025856/tm216853-1_s1.htm