KSLLF - KSLLF STOCK NEWS

Kalera and Agrico have announced their upcoming extraordinary general meetings to approve the proposed business combination, scheduled for June 27, 2022. The record dates for voting are set for June 6 for Kalera and May 12 for Agrico. Notably, Kalera has waived the minimum cash closing condition, which typically requires $100 million for the deal to proceed. If the minimum cash condition is unmet at closing, Agrico's sponsor promote will be forfeited. The combined entity will trade on Nasdaq under the symbols 'KAL' and 'KALWW' after the merger.

Kalera AS (Bloomberg: KSLLF) announced it will release its Q1 2022 financial results on May 19, 2022. The earnings call will be held the same day at 9:00 AM EDT, providing insights into the company’s performance, focusing on its vertical farming operations. Kalera specializes in producing non-GMO leafy greens using advanced technology and sustainable practices. The company operates multiple farms in the US and abroad, and more developments are planned.

Kalera AS has appointed James Leighton as its new President and CEO as of May 12, 2022. Leighton brings over 20 years of experience in the consumer-packaged goods and food industries, previously serving as CEO of Ingham's Enterprise, Australia's largest poultry producer. His leadership is anticipated to drive Kalera's strategic growth in the vertical farming sector. Curtis McWilliams, the current interim CEO, will transition to Chairman after the merger with Agrico Acquisition Corp. Kalera focuses on producing sustainable, non-GMO leafy greens using advanced technology.

Kalera AS has appointed James Leighton as its new President and CEO. Leighton, an experienced executive with over 20 years in the consumer packaged goods and food industries, aims to drive the company's strategic growth. Previously, he led Ingham's Enterprise, Australia’s largest poultry producer, generating $1.9 billion in sales. The appointment comes as Kalera prepares for a merger with Agrico Acquisition Corp. Leighton expressed enthusiasm for creating a leading company in locally-grown produce and leveraging the team’s strengths for future success.

Kalera, a leader in hydroponic indoor vertical farming, announced its rebranding on April 28, 2022, featuring a minimalistic logo and new website design aimed at enhancing its global consumer appeal. The updated brand identity reflects Kalera's mission to provide premium, clean lettuce and microgreens sustainably. With farms in the US and Kuwait, the company plans to expand further, introducing a new tagline and packaging by June 1, 2022. The rebranding is supported by positive consumer feedback.

Kalera AS is proceeding with its Lux Merger to facilitate a Nasdaq listing, expected to complete in the second half of May 2022. This merger requires the Oslo Stock Exchange to admit Kalera S.A. shares for trading. The company also filed a Form S-4 registration statement with the SEC for its proposed merger with Agrico Acquisition Corp. Kalera, headquartered in Orlando, specializes in vertical farming and has various operational farms across the US and in Kuwait, focusing on tech-driven agriculture to enhance food accessibility.

Kalera AS announced the impending completion of its Lux Merger with Kalera S.A., anticipated in May 2022, aimed at facilitating a Nasdaq listing. The success of this merger hinges on the Oslo Stock Exchange's approval for trading Kalera S.A. shares on Euronext Growth Oslo. Concurrently, the company is pursuing a merger with Agrico Acquisition Corp, having filed a Form S-4 registration statement with the SEC. Kalera operates multiple vertical farms across the U.S. and Kuwait, utilizing advanced technology to enhance agricultural efficiency.

Kalera AS has secured a ten-year, $30 million Senior Secured Credit Facility with Farm Credit of Central Florida. This funding, consisting of $20 million for capital expenditures and $10 million for working capital, will support Kalera's growth across the U.S. CEO Fernando Cornejo highlighted that this partnership enhances their financial position and capital structure, allowing for strategic execution in 2022. The credit facility will aid in advancing controlled environment agriculture and is expected to facilitate the merger with Agrico, offering a Nasdaq listing and further financing opportunities.

Kalera AS announced securing a $30 million Senior Secured Credit Facility with Farm Credit of Central Florida to enhance its financial stability and support growth in the U.S. The facility includes $20 million for capital expenditures and $10 million for general corporate needs. CFO Fernando Cornejo highlighted this funding as vital for achieving business objectives and plans to complete a merger with Agrico by June, aiming for a Nasdaq listing and improved financing options. This partnership emphasizes advancements in Controlled Environment Agriculture.