NEW
YORK, March 9, 2023 /PRNewswire/ -- Kaleyra,
Inc. (NYSE: KLR) (NYSE American: KLR WS) ("Kaleyra" or the
"Company"), an enterprise Communication Platform as a
Service (CPaaS) business, today announced the approved 1-for-3.5
reverse stock split of the Company's issued and outstanding common
stock is effective as of 12:01 am ET
on March 9, 2023.
On March 6, 2023, Kaleyra, Inc.
(the "Company") announced that following shareholder approval at
the Special Meeting of the stockholders held on February 14, 2023, the Company's Board of
Directors has approved a 1-for-3.5 reverse stock split (the
"Reverse Stock Split") of the Company's issued and outstanding
shares of common stock, par value $0.0001 per share (the "Common Stock") effective
upon the related Amendment to the Company's Second Amended and
Restated Certificate of Incorporation becoming effective pursuant
to Delaware law. Beginning with
the opening of trading on March 9,
2023, Kaleyra's Common Stock will trade on the New York
Stock Exchange on a split-adjusted basis under the new CUSIP number
483379202 and will continue to trade under the symbol "KLR."
As a result of the Reverse Stock Split, every three and one-half
(3.5) shares of Common Stock issued and outstanding will be
converted into one (1) share of Common Stock. No
fractional shares shall be issued in connection with the Reverse
Stock Split. Stockholders who otherwise would be entitled to
receive fractional shares because they hold a number of shares of
Common Stock not evenly divisible by the Reverse Stock Split ratio
will automatically be entitled to receive an additional fraction of
a share of Common Stock to round up to the next whole share.
The Reverse Stock Split will not reduce the number of authorized
shares of Common Stock or change the par values of the Common
Stock. The Reverse Stock Split will affect all stockholders
uniformly and will not affect any stockholder's ownership
percentage of the Company's shares of Common Stock (except to the
extent that the Stock Split would result in some of the
stockholders receiving an additional fractional share). All
outstanding options, warrants, restricted stock units, and similar
securities entitling their holders to receive or purchase shares of
Common Stock will be adjusted as a result of the Reverse Stock
Split, as required by the terms of each security.
Prior to the reverse split, Kaleyra has outstanding issued
warrants listed on the NYSE American to purchase a total of
5,440,662 shares of common stock, with each whole warrant being
exercisable to purchase one share of common stock at $11.50 per share. After giving effect to
the reverse split, these warrants are now exercisable for a total
of approximately 1,554,475 shares of common stock with an exercise
price of $40.25 per common
share.
Additional information about the reverse stock split can be
found in the Company's definitive proxy statement (the "Proxy
Statement") filed with the Securities and Exchange Commission (the
"SEC") on January 9, 2023 which is
available free of charge at the SEC's website, www.sec.gov, and on
the Company's website at https://www.investors.kaleyra.com/.
About Kaleyra
Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) is a global
group providing mobile communication services to financial
institutions, e-commerce players, OTTs, software companies,
logistic enablers, healthcare providers, retailers, and other large
organizations worldwide. Through its proprietary platform and
robust APIs, Kaleyra manages multi-channel integrated communication
services, consisting of messaging, rich messaging and instant
messaging, video, push notifications, e-mail, voice services, and
chatbots. Kaleyra's technology makes it possible to safely and
securely manage billions of messages monthly with over 1,600
operator connections in 190+ countries, including all tier-1 US
carriers. For more information, please visit
www.investors.kaleyra.com.
Kaleyra Contacts
Marketing Contacts:
Zephrin
Lasker
Executive Vice President, Marketing & Strategic Alliances
zephrin.lasker@kaleyra.com
Lori Perkins
Senior Director – Marketing and Communications
lori.perkins@kaleyra.com
Investor Contacts:
Colin
Gillis
Vice President of Investor Relations
colin.gillis@kaleyra.com
Shannon Devine or Mark Schwalenberg
MZ North America
203-741-8811
KLR@mzgroup.us
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SOURCE Kaleyra US