Kalera Public Limited Company and Agrico Acquisition Corporation Announce Closing of Business Combination and listing on NASDAQ
28 Junio 2022 - 3:05PM
Kalera Public Limited Company ( “
Kalera”) (NASDAQ:
KAL) and Agrico Acquisition Corp. (“
Agrico”) today
announced the completion of their previously announced business
combination. The combined company will retain the Kalera name and
will commence trading on Nasdaq under the new ticker symbol “KAL”
on Wednesday, June 29, 2022. The business combination was approved
at a special meeting of shareholders on June 28, 2022.
Jim Leighton, Kalera’s President and Chief Executive Officer
said, “Today is an incredibly proud moment and a milestone for the
entire Kalera team. We founded Kalera with the goal of increasing
access to the freshest and cleanest produce for a growing global
population faced with climate change, reduction of fertile
farmland, and soil erosion. Today’s announcement is another step in
making that vision a reality, reflecting years of innovation and
focus. The closing of this combination will accelerate widespread
commercial growth across all our nutritious products while enabling
us to embark on the next phase of our journey as a public company
to solidify our position as a market leader.”
Agrico’s Chief Executive Officer, Brent De Jong, said “Kalera is
unrivaled in its technology and ability to deliver healthy and
nutritious produce for consumers around the globe. As a public
company, Kalera will have the platform to fully execute against its
vision, further accelerate its commercial programs and expand its
growing portfolio and position in the market. We are excited about
the future and continuing to work alongside Jim and the entire
management team in its public phase.”
Kalera greens are pesticide-free and non-GMO,
offering consumers fresh, clean, great-tasting lettuce. The
climate-controlled environments at Kalera facilities allow for
sustainable farming methods, such as water recycling and
optimization of plant nutrient formulas that maximize
production.
About Kalera
Kalera is a vertical farming company
headquartered in Orlando, Florida. Kalera uses technology to ensure
that more people around the world have access to the freshest, most
nutritious, and cleanest products available. It has spent several
years optimizing plant nutrient formulas and developing an advanced
automation and data acquisition system with Internet of Things,
cloud, big data analytics and artificial intelligence capabilities.
Kalera currently operates farms in the US (in Orlando, Florida;
Atlanta, Georgia; Houston, Texas and Denver, Colorado), as well as
in Kuwait. Additional farms are under development. More information
is available at www.kalera.com.
Forward-Looking Statements
This 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 proposed
business combination and related transactions disclosed herein, the
timing of the consummation of such transactions, assumptions
regarding shareholder redemptions and the anticipated benefits and
financial position of the parties resulting therefrom. These
statements are based on various assumptions and/or on the current
expectations of Agrico or 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 Agrico and/or 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; the amount of redemption requests
made by Agrico's public shareholders; 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 and Agrico 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 and Agrico anticipate that
subsequent events and developments will cause these assessments to
change. However, while Kalera and/or Agrico may elect to update
these forward-looking statements at some point in the future, each
of Kalera and Agrico 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 or
Agrico' (or their respective affiliates') 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.
Media Contact:Kate
Komarzeckkomarzec@lambert.com(616) 916-4092
Investor Relations Contact:Aparna MehraEric
Birgeir@kalera.com(313) 309-9500
Kalera Public (NASDAQ:KAL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Kalera Public (NASDAQ:KAL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024