Oslo, 24 May 2022: Reference is made to the announcement by Kalera AS ("Kalera" or the "Company") (Euronext Growth Oslo: KAL, Bloomberg: KSLLF) published on 19 May 2022 regarding the exchange of preferred stock into 2,084,087 new shares in the Company.
The share capital increase related to the 2,084,087 new shares has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following such registration, the new share capital of the Company is NOK 2,114,389.06 divided into 211,438,906 shares, each with a par value of NOK 0.01.
As a result of the share capital increase, and given the exchange ratio used in the merger between the Company and Kalera S.A. (the "Merger"), the total amount of shares in Kalera S.A. following the Merger is expected to be approximately 105,719,452 shares (which equals approximately half the amount of shares in the Company as of today).
About Kalera
Kalera is a vertical farming company headquartered in Orlando, Florida. Kalera uses technology to ensure that more people around the world have access to the freshest, most nutritious, and cleanest products available. It has spent several years optimizing plant nutrient formulas and developing an advanced automation and data acquisition system with Internet of Things, cloud, big data analytics and artificial intelligence capabilities. Kalera currently operates farms in the US (in Orlando, Florida; Atlanta, Georgia; Houston, Texas and Denver, Colorado), as well as in Kuwait. Additional farms are under development. More information is available at www.kalera.com.
Eric Birge
ir@kalera.com
313-309-9500