KSLLF - KSLLF STOCK NEWS

Kalera Public Limited Company (Nasdaq: KAL) has engaged Financial Profiles, Inc. as its investor relations firm to enhance its strategic investor relations program. CEO Jim Leighton highlighted the aim to raise awareness of Kalera's vertical farming model, positioning the company to capitalize on a market expected to reach $88 billion by 2028. Financial Profiles emphasizes Kalera's scale and technological advancements in the vital vertical farming industry, focusing on local, fresh greens. The company operates multiple farms in the U.S. and Kuwait with more under development.

Kalera Public Limited Company (Nasdaq: KAL) announced a securities purchase agreement with a single institutional investor to raise approximately $10.0 million. The deal involves a private placement of 2,500,000 shares of common stock, along with Series A and Series B Warrants, each priced at $4.00. The Series A Warrants are exercisable at $4.41 per share for two years, while Series B Warrants have a five and a half year term. Closing is expected on July 11, 2022. Maxim Group LLC acts as the placement agent for this offering.

Kalera Public Limited Company announced the completion of its business combination with Agrico Acquisition Corp. on June 29, 2022. The combined entity will trade under the symbols KAL and KALWW on Nasdaq. Following the merger, Kalera shareholders own approximately 90% of the new company, while Agrico shareholders own about 10%. Agrico has redeemed around 14.3 million ordinary shares. Additionally, 14,437,500 Agrico warrants were converted to Kalera Warrants, each exercisable at $11.50, and Kalera shareholders received 105,719,212 contingent value rights for future potential payments.

Kalera Public Limited Company has successfully completed its business combination with Agrico Acquisition Corp, which was approved by shareholders on June 28, 2022. The combined entity will continue to operate under the Kalera name and will start trading on Nasdaq with the symbol KAL from June 29, 2022. Kalera aims to expand its market presence, providing pesticide-free and non-GMO produce through advanced vertical farming technology designed for sustainable practices.

Kalera S.A. has completed a merger with Kalera AS, issuing a total of 105,719,212 new shares as merger consideration to the shareholders of Kalera AS. However, 240 shares were canceled due to rounding. The company's new share capital stands at EUR 1,057,192.12, divided into 105,719,212 shares with a nominal value of EUR 0.01 each. This strategic merger aims to enhance Kalera's position in the vertical farming sector, improving access to fresh produce.

Kalera S.A., a vertical farming company, has officially commenced trading on Euronext Growth Oslo as of June 1, 2022. The admission to trading is supported by Arctic Securities AS, DNB Markets, and Pareto Securities AS as advisors. Kalera is dedicated to providing access to fresh, nutritious produce through advanced farming technology and has existing operations in the U.S. and Kuwait, with plans for further expansion.

Kalera AS announced the merger with its wholly-owned subsidiary, Kalera S.A., following the approval at the general meeting expected on 27 May 2022. The last trading day for shares on Euronext Growth Oslo is 25 May 2022, with trading suspended until the merger's effectiveness. Shareholders will receive shares in Kalera S.A. based on a 2:1 exchange ratio, rounded to the nearest even number. Kalera S.A. will begin trading under the ticker KAL on 1 June 2022.

US Foods has formed a strategic partnership with Kalera, a leader in vertical farming, to provide high-quality leafy greens year-round. This agreement, which marks US Foods' largest vertical farming initiative, aims to enhance the availability of fresh produce across the nation. Kalera will utilize controlled environment farms and advanced technology to supply varieties such as lettuce and microgreens, contributing to US Foods' Serve Local program. The partnership represents a significant boost in Kalera's capacity to serve the restaurant and foodservice industry.

US Foods has formed a significant partnership with Kalera, a leading hydroponic indoor vertical farming company, to provide high-quality leafy greens year-round. This agreement, the largest for US Foods in vertical farming, aims to enhance product availability for foodservice operators. Kalera will allocate up to 50% of its US production for this initiative, leveraging advanced farming technology to ensure sustainability. This collaboration is expected to launch new product offerings and further US Foods' commitment to sourcing from local farms.