Kalera Raises $10M Via Equity Offering

by Shivani Kumaresan, Benzinga Staff Writer

July 7, 2022 1:19 PM | 1 min read | Make a Comment

Kalera Public Limited Company KAL has entered into a securities purchase agreement with a single institutional investor.
The company will receive about $10.0 million through the private placement of 2.5 million shares and warrants.
Each share is being sold together with accompanying warrants at a combined effective purchase price of $4.00.
The closing of the private placement is expected to occur on July 11, 2022.
Maxim Group LLC is acting as the sole placement agent for the offering.
Price Action: KAL shares are trading higher by 8.16% at $4.77 on the last check Thursday.