secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001482981-24-000057
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco expands manufacturing agreement with Axelum through 2033 with minimum purchase commitments
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- 10-year co-manufacturing deal with Axelum effective April 18, 2024, with option to extend 5 years.
- Axelum provides raw materials, packaging, and facilities; Vita Coco supplies training and technology.
- Company commits to annual minimum purchase volumes, adjustable by mutual agreement.
- Non-compete bars Axelum from producing coconut water beverages for competitors except limited amounts in set territories.
- If Vita Coco fails to meet minimum purchases, parties jointly sell unused capacity to private label customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000057/0001482981-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000057/coco-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001482981-24-000057

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