AVO · Mission Produce, Inc.

The expiration of the HSR Act waiting period on April 17, 2026, removes a significant regulatory hurdle for Mission Produce's proposed acquisition of Calavo Growers, Inc., advancing the transaction toward completion. This dual-step merger structure—First Merger integrating Calavo as a wholly owned subsidiary, followed immediately by the Second Merger—positions Calavo fully under Mission Produce's control as a subsidiary of Merger Sub II. Investors should note that while U.S. antitrust clearance is secured, critical conditions persist: approvals from Mission Produce stockholders and Calavo shareholders, plus clearance from Mexico antitrust authorities. The targeted closing in the fiscal quarter ending July 31, 2026, signals progress but underscores execution risks, including potential delays from voting outcomes or foreign regulatory review. Detailed transaction information, including proxy solicitations, is available in the effective Registration Statement and Joint Proxy Statement/Prospectus, mailed starting March 25, 2026. Forward-looking expectations for timing carry inherent uncertainties, as highlighted in the cautionary statements, with risks around integration, synergies realization, and market reactions.