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Kalera Raises $10M Via Equity Offering

Kalera Public Limited Company (NASDAQ:KAL) has entered into a securities purchase agreement with a single institutional investor. The company will receive about $10.0…
byShivani Kumaresan
July 7, 2022
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  • Kalera Public Limited Company (NASDAQ:KAL) has entered into a securities purchase agreement with a single institutional investor.
  • The company will receive about $10.0 million through the private placement of 2.5 million shares and warrants.
  • Each share is being sold together with accompanying warrants at a combined effective purchase price of $4.00.
  • The closing of the private placement is expected to occur on July 11, 2022.
  • Maxim Group LLC is acting as the sole placement agent for the offering.
  • Price Action: KAL shares are trading higher by 8.16% at $4.77 on the last check Thursday.
 
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