Mission Produce Shareholders Approve Stock Issuance for Merger

Mission Produce ( (AVO) ) has provided an update.

At a special meeting of stockholders held on April 28, 2026, Mission Produce shareholders approved the issuance of new common shares required to complete its planned mergers with Calavo Growers under a previously announced merger agreement. Roughly 70% of outstanding shares were represented, and the share issuance proposal passed comfortably, satisfying a key Nasdaq-related approval for the transaction.

An adjournment proposal intended to allow more time to solicit proxies, if needed, was rendered unnecessary because sufficient votes were already secured to approve the share issuance. The vote clears a major procedural hurdle toward closing the mergers, which are expected to be completed in the fiscal quarter ending July 31, 2026, subject to customary conditions and transaction risks highlighted by the companies, including potential delays, costs, and the possibility that anticipated synergies may not be realized.

The most recent analyst rating on (AVO) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Mission Produce stock, see the AVO Stock Forecast page.

Spark’s Take on AVO Stock

According to Spark, TipRanks’ AI Analyst, AVO is a Neutral.

The score is driven primarily by strengthened financial footing (very low leverage, restored profitability, positive free cash flow) but tempered by near-term top-line/pricing headwinds and guidance for weaker Q2 profitability. Technicals are supportive but not strong, while valuation metrics (negative P/E and no dividend yield provided) reduce the overall score.

To see Spark’s full report on AVO stock, click here.

More about Mission Produce

Mission Produce, Inc. is a U.S.-based company in the fresh produce industry, focused primarily on avocados and related produce. The company operates across the avocado supply chain, from sourcing to distribution, and targets both domestic and international retail, wholesale, and foodservice markets.

Calavo Growers, Inc. operates in the same sector, with a core business in avocados and other fresh food products, and the planned combination with Mission Produce reflects ongoing consolidation in the produce industry as companies seek greater scale and efficiency.

Average Trading Volume: 837,466

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.01B

For a thorough assessment of AVO stock, go to TipRanks’ Stock Analysis page.