Kalera Public Limited Company Announces Pricing of $8.84 Million Public Offering
27 Ottobre 2022 - 4:44AM
Kalera Public Limited Company
Announces Pricing of
$8.84
Million Public Offering
ORLANDO, Fla., October 26, 2022 (GLOBE NEWSWIRE)
– Kalera Public Limited Company (“Kalera” or the “Company”)
(Nasdaq: KAL), a vertical farming company headquartered in Orlando,
Florida, today announced the pricing of its public offering of an
aggregate of 68,000,000 units at a public offering price of $0.13
per unit. Each unit consists of one ordinary share (or prefunded
warrant in lieu thereof) and two warrants. The warrants will be
immediately exercisable at a price of $0.13 per share and expire
five years from the date of issuance. Gross proceeds from the
offering, before deducting the placement agent’s fees and other
offering expenses, are expected to be approximately $8.84
million.
Maxim Group LLC is acting as sole placement
agent for the offering.
The closing of the offering is expected to occur
on or about October 31, 2022, subject to the satisfaction of
customary closing conditions.
The securities described above are being offered
pursuant to a registration statement on Form S-1 (File No.
333-267797), which was declared effective by the Securities and
Exchange Commission (the “SEC”) on October 26, 2022. A prospectus
relating to the offering will be filed with the SEC and will be
available on the SEC’s website at http://www.sec.gov. Electronic
copies of the prospectus relating to this offering, when available,
may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor,
New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About KaleraAs
a leader in controlled environment agriculture, Kalera is driven by
our belief that vertical farming can play an important role in
securing access to fresh produce for a growing world population
facing climate change and concerns about the future of traditional
farming. Through our proprietary technology, we sustainably grow
local, delicious, nutrient-rich, pesticide-free, non-GMO leafy
greens year-round. Our automated, data-driven, hydroponic vertical
farms produce higher yields and, use approximately 95% less water,
and 99% less land than traditional farming. Sold under the Kalera
brand, our leafy greens are “better than organic” and priced
competitively, always with the end consumer in mind. Kalera is
headquartered in Orlando, Florida with farms in
Orlando; Atlanta, Georgia; Houston, Texas; Denver,
Colorado; and Kuwait, with additional farms under development.
More information is available at www.kalera.com.
Forward-Looking StatementsThis
communication includes certain statements that are not historical
facts but are forward-looking statements for purposes of the safe
harbor provisions under the applicable securities laws.
Forward-looking statements generally are accompanied by words such
as "believe," "may," "will," "estimate," "continue," "anticipate,"
"intend," "expect," "should," "would," "plan," "predict,"
"potential," "seem," "seek," "future," "outlook," and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters.
These forward-looking statements include, but
are not limited to, statements regarding the terms and conditions
of the transactions disclosed herein, the timing of the
consummation of such transactions. These statements are based on
various assumptions and/or on the current expectations of Kalera's
management. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as and
must not be relied on by any investor or other person as, a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions. Many
actual events and circumstances are beyond the control of Kalera.
These forward-looking statements are subject to a number of risks
and uncertainties, including but not limited to general economic,
financial, legal, political and business conditions and changes in
domestic and foreign markets; changes in the assumptions underlying
Kalera's expectations regarding its future business; the effects of
competition on Kalera's future business; and the outcome of
judicial proceedings to which Kalera is, or may become a party.
If the risks materialize or assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Kalera presently do not know or currently
believe are immaterial that could also cause actual results to
differ materially from those contained in the forward-looking
statements. In addition, forward-looking statements reflect
expectations, assumptions, plans or forecasts of future events and
views as of the date of this communication. Kalera anticipate that
subsequent events and developments will cause these assessments to
change. However, while Kalera may elect to update these
forward-looking statements at some point in the future, Kalera
specifically disclaims any obligation to do so, except as required
by applicable law. These forward-looking statements should not be
relied upon as representing Kalera's assessments as of any date
subsequent to the date of this written communication. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Contacts
Kalera PLC |
Financial Profiles, Inc. |
Aparna Mehra |
Julie Kegley |
aparna.mehra@kalera.com |
jkegley@finprofiles.com |
|
310.622.8246 |
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