Kalera tanks after Nasdaq's delisting notice

Kalera

11/04/2023 11:21

** Shares of Kalera Plc  KAL.O  slump 23.42% to $2
premarket, after the fishing and farming firm said it received a
delisting notice from Nasdaq  .IXIC  on April 6
    ** Company's shares will be suspended from trading from
April 17
    ** KAL is a public shell firm and has failed to report its
results for the year ended Dec. 31, 2022 - Nasdaq
    ** Company's main subsidiary Kalera Inc had filed for
Chapter 11 bankruptcy on April 4
    ** Up to last close, stock down 63% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))