KARO Karooooo Ltd

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of July, 2024

 

Commission File Number: 001-40300

 

KAROOOOO LTD.

(Exact name of registrant as specified in its charter)

 

1 Harbourfront Avenue

Keppel Bay Tower #14-07
Singapore 098632

+65 6255 4151

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F    ☒           Form 40-F    ☐

  

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Karooooo Ltd.
	By:	/s/ Isaias (Zak) Jose Calisto
		Name:	Isaias (Zak) Jose Calisto
		Title:	Chief Executive Officer

 

Date: July 26, 2024

 

 

EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Press release, dated July 26, 2024 - Karooooo Ltd. Announces Termination of Secondary Public Offering of Ordinary Shares Due to Market Conditions

 

 

2

Exhibit 99.1

 

 

Karooooo Ltd. Announces Termination of Secondary Public Offering of Ordinary Shares Due to Market Conditions

 

SINGAPORE, July 26, 2024 Karooooo Ltd. (“Karooooo”) today announced that Isaias (Zak) Jose Calisto (the “Selling Shareholder”), Karooooo’s Chief Executive Officer, has terminated the underwritten secondary public offering (the “Offering”) of ordinary shares previously announced on July 24, 2024. Though the proposed Offering, which was undertaken by the Selling Shareholder with the goal of improving liquidity for investors, was met with significant investor interest and an oversubscription of demand, the Selling Shareholder determined that recent changes in market conditions and the resulting impact on the share price made it inappropriate to proceed with the Offering at the current time. As a result of such termination, no ordinary shares of Karooooo will be sold pursuant to the Offering. However, the Selling Shareholder retains flexibility under Karooooo’s Registration Statement on Form F-3 to conduct an offering in the future when market conditions are more favorable.

 

About Karooooo

 

Karooooo, headquartered in Singapore, is a leading global software provider in the telematics industry that offers real-time mobility and workforce data analytics solutions to simplify decision making for physical operations.  Karooooo serves customers in 25 countries across five continents, supporting more than 2 million subscribers as of May 31, 2024.

 

Media Contact
media@karooooo.com

 

SOURCE Karooooo

 

---