Brief: Kalera To Go Public On Nasdaq Through Merger With Agrico Acquisition Corp

Kalera

31/01/2022 07:23

Jan 31 (Reuters) - Agrico Acquisition Corp  RICO.O :
    * KALERA TO GO PUBLIC ON NASDAQ THROUGH MERGER WITH AGRICO
ACQUISITION CORP
    * ALL-STOCK TRANSACTION PUTS EQUITY VALUE OF COMBINED CO AT
ABOUT
$375 MILLION ON A FULLY DILUTED PRO FORMA BASIS
    * AGRICO ACQUISITION- BASED ON COMMON STOCK OF AGRICO AT $10
PER
SHARE, TRANSACTION IMPLIES AN EXCHANGE RATIO OF 0.091 FOR
EXISTING KALERA SHAREHOLDERS
    * AGRICO ACQUISITION CORP- CURTIS MCWILLIAMS TO LEAD KALERA
AS
INTERIM CEO; CURRENT KALERA MANAGEMENT TEAM WILL CONTINUE TO
OPERATE THE BUSINESS
    * AGRICO ACQUISITION CORP - KALERA SHAREHOLDERS WILL ALSO
RECEIVE
ONE CONTRACTUAL CONTINGENT VALUE RIGHT PER SHARE
    * AGRICO ACQUISITION -  IF NO AGRICO SHAREHOLDERS EXERCISE
REDEMPTION RIGHTS, KALERA AND AGRICO EQUITY HOLDERS WILL OWN
ABOUT 52% AND 42% RESPECTIVELY

Source text for Eikon:  ID:nGNXbVn4Sk 
Further company coverage:  RICO.O 

 ((Reuters.Briefs@thomsonreuters.com;))