Vita Coco Company, Inc. (COCO) buys Copra in $140mm cash deal plus earnout
Rhea-AI Filing Summary
Vita Coco Company, Inc., a Delaware corporation with annual revenues marked as over $100,000,000, filed a notice of an exempt equity offering under Rule 506(b) of Regulation D. The offering is a new notice dated 22 July 2026, following the completion of a business combination.
On 22 July 2026, Vita Coco acquired Copra Inc. via a merger with Pinkco Inc. for roughly $140 million cash, 467,071 common shares, and an additional $45–$100 million in earnout consideration as defined in a Merger Agreement. Total securities sold in the exempt offering are $34,997,630, with up to $100,000,000 remaining to be sold. No finders’ fees are reported.
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Key Figures
Revenue range: Over $100,000,000
Cash portion of Copra acquisition: $140mm
Stock consideration: 467,071 common shares
+5 more
8 metrics
Revenue range
Over $100,000,000
Issuer size based on revenue range
Cash portion of Copra acquisition
$140mm
Rough cash consideration paid for Copra Inc. via merger
Stock consideration
467,071 common shares
Shares issued in Copra Inc. merger
Earnout range
$45mm–$100mm
Contingent earnout consideration under the Merger Agreement
Total amount sold
$34,997,630
Equity sold in exempt offering
Total remaining to be sold
$100,000,000
Remaining capacity in exempt offering
Finders’ fees
$0
Reported finders’ fees for the offering
Date of first sale
2026-07-22
First sale date for the exempt offering
Key Terms
Form D, Rule 506(b), earnout consideration, Merger Agreement, +1 more
5 terms
Form D regulatory
"FORM D Notice of Exempt Offering of Securities"
Form D is a short notice filed with the U.S. Securities and Exchange Commission when a company raises money using a private offering exemption instead of a full public registration. Think of it as a public receipt that lists basic facts about the fundraiser—amount sought, how much has been sold, and who the issuer is—without the full audited disclosures of a public offering. Investors use it to spot private financings, assess potential dilution or fundraising activity, and find contact information, but it is not a substitute for detailed due diligence.
Rule 506(b) regulatory
"Federal Exemption(s) and Exclusion(s) Claimed X | Rule 506(b)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
earnout consideration financial
"the right to receive $45mm-$100mm in earnout consideration"
Earnout consideration is the portion of a purchase price that one party pays later only if the acquired business meets agreed future targets, like sales or profit goals. Think of it as a performance-linked bonus that shifts some risk from the buyer to the seller; investors watch earnouts because they affect how much value will actually be paid, influence future cash flow, and can change reported earnings or liabilities if targets are missed or met.
Merger Agreement legal
"earnout consideration, calculated and determined in accordance with the Merger Agreement"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
covered securities regulatory
"If the securities that are the subject of this Form D are "covered securities""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Vita Coco Company, Inc. (COCO) disclose in this Form D?
Vita Coco Company, Inc. disclosed the acquisition of Copra Inc. via a merger with Pinkco Inc. for ~$140 million cash, 467,071 common shares, and an additional $45–$100 million in earnout consideration under a Merger Agreement.
How large is Vita Coco Company, Inc. (COCO) based on reported revenues?
Vita Coco Company, Inc. reports annual revenue in the category of over $100,000,000. This size classification places the issuer in the highest revenue range disclosed on the notice of exempt offering of securities.
What exemption is Vita Coco Company, Inc. (COCO) using for its securities offering?
The company is relying on Rule 506(b) of Regulation D as the federal exemption. This rule permits certain private offerings to accredited investors without SEC registration, subject to specific conditions and limitations.
How much has Vita Coco Company, Inc. (COCO) sold and how much remains in the exempt offering?
Vita Coco Company, Inc. reports $34,997,630 in total amount sold and $100,000,000 remaining to be sold. These figures relate to the exempt equity offering described in the notice.
What role does earnout consideration play in Vita Coco’s Copra acquisition?
The Merger Agreement includes an earnout right of $45–$100 million as part of aggregate consideration. This contingent payment depends on future conditions calculated and determined under the Merger Agreement’s terms.
Did Vita Coco Company, Inc. (COCO) pay any finders’ fees in this exempt offering?
Vita Coco Company, Inc. reports $0 in finders’ fees. The notice lists no sales commissions or finder’s fee expenses associated with the exempt offering of securities.