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

Kalera

31/01/2022 12:30

Jan 31 (Reuters) - 
    * KALERA TO GO PUBLIC ON NASDAQ THROUGH MERGER WITH AGRICO
ACQUISITION CORP.
    * KALERA - ALL-STOCK TRANSACTION CREATES A COMBINED COMPANY
WITH
AN EQUITY VALUE OF APPROXIMATELY $375 MILLION ON A FULLY DILUTED
PRO FORMA BASIS
    * KALERA - CURTIS MCWILLIAMS TO LEAD KALERA AS INTERIM CEO;
CURRENT KALERA MANAGEMENT TEAM WILL CONTINUE TO OPERATE THE
BUSINESS
    * KALERA - TRANSACTION TO RESULT IN KALERA BECOMING A
PUBLICLY
LISTED COMPANY ON NASDAQ AND DELISTING FROM EURONEXT GROWTH OSLO
EXCHANGE DURING Q2 2022
    * KALERA - KALERA HAS ALREADY SECURED SUPPORT AGREEMENTS
FROM
SHAREHOLDERS REPRESENTING APPROXIMATELY 45% OF ITS OUTSTANDING
SHARES
    * KALERA - IN ADDITION TO SHARES OF AGRICO COMMON STOCK,
KALERA
SHAREHOLDERS TO RECEIVE ONE CONTRACTUAL CONTINGENT VALUE RIGHT
PER SHARE OF COMMON STOCK
    * KALERA - TRANSACTION IMPLIES AN EXCHANGE RATIO OF 0.091
FOR
EXISTING KALERA SHAREHOLDERS
    * KALERA - KALERA AND/OR AGRICO MAY RAISE ADDITIONAL CAPITAL
PRIOR
TO THE CLOSING OF THE TRANSACTION
    * KALERA - IF NO PUBLIC SHAREHOLDERS OF AGRICO EXERCISE
THEIR
REDEMPTION RIGHTS, EXISTING KALERA EQUITY HOLDERS WILL OWN ABOUT
52% OF COMBINED CO


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