Kalera Announces Revised Date for Second Quarter 2022 Financial Results

Rhea-AI Summary

Kalera Public Limited Company (Nasdaq: KAL) has rescheduled its second quarter 2022 earnings release to August 19, 2022, before the market opens. This delay allows additional time to complete its Quarterly Report on Form 10-Q, following its business combination with Agrico Acquisition Corporation on June 28, 2022, and subsequent Nasdaq listing on June 29. A conference call and audio webcast will take place on August 19 at 9:00 a.m. ET to discuss the results and answer questions.

Positive

• Rescheduled earnings release offers additional time for preparation.
• Company's business combination with Agrico Acquisition Corporation strengthens its market position.

Negative

• Delay in earnings release could raise concerns among investors about transparency.

ORLANDO, Fla., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (Nasdaq: KAL, “Kalera” or the “Company”), a vertical farming company, today announced its second quarter 2022 earnings release and conference call has been rescheduled to allow additional time to complete its Quarterly Report on Form 10-Q. Kalera will now release financial results for the second quarter ended June 30, 2022 on Friday, August 19, before the market opens.

This change is due to the timing of the company’s business combination with Agrico Acquisition Corporation on June 28 and subsequent listing on Nasdaq on June 29.

A conference call and audio webcast will be held on Friday, August 19 at 9:00 a.m. Eastern Time to discuss the results and answer questions.

Conference call: 1-844-763-8274 (domestic), 1-412-717-9224 (international)

Webcast: To listen to the webcast, either live or archived, go to https://event.choruscall.com/mediaframe/webcast.html?webcastid=PTKTVOJx or visit the investor relations section of Kalera’s website at www.investors.kalera.com.

About Kalera
As a leader in controlled environmental 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 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.

Contact
Kalera PLC
Aparna Mehra
aparna.mehra@kalera.com
617.851.0608

Financial Profiles, Inc.
Julie Kegley
jkegley@finprofiles.com
310.622.8246

FAQ

When will Kalera release its second quarter 2022 earnings results?

Kalera will release its second quarter 2022 earnings results on August 19, 2022.

What caused the delay in Kalera's earnings release?

The delay was due to the timing of Kalera's business combination with Agrico Acquisition Corporation.

What time is Kalera's conference call on August 19, 2022?

The conference call will be held at 9:00 a.m. Eastern Time on August 19, 2022.

What is the significance of Kalera's listing on Nasdaq?

Kalera's listing on Nasdaq enhances its visibility and access to capital markets.

How can I access the webcast for Kalera's earnings call?

The webcast can be accessed through Kalera's investor relations website or directly via the provided webcast link.