Kalera Public Limited Company (“Kalera” or the “Company”)
(Nasdaq: KAL), a vertical farming company headquartered
in Orlando, Florida, will hold an extraordinary general
meeting of its shareholders (the “EGM”) on December 15, 2022 at
noon EST (5:00 p.m., Irish time) to seek shareholder approval of a
reverse stock split.
“The Board of Directors encourages shareholders to
vote FOR the reverse stock split proposal
and FOR the adjournment proposal, to the extent
necessary, to help ensure that the share price of our ordinary
shares meets the continued listing requirements of the Nasdaq
Capital Market,” said Curtis McWilliams, Chairman of the Board.
“Non-compliance with Nasdaq listing requirements will result
in the delisting of our shares from Nasdaq, which we believe would
result in lower liquidity for our shareholders and reduced access
to capital to execute our strategic growth plan.”
“A reverse stock split would consolidate the number of
existing shares into fewer shares. It wouldn’t affect the company’s
value, or the ownership percentage of each shareholder, but it
would allow the company to remain in compliance with Nasdaq listing
requirements,” Mr. McWilliams continued. “It is important that all
Kalera shareholders vote their proxy, regardless of the number of
shares they own. A vote FOR the reverse stock split would
help ensure Kalera remains a Nasdaq-listed company.”
Additional Information Shareholders as of the record date
of November 8, 2022 are entitled to vote at the EGM. If
shareholders have any questions about the EGM or need assistance
voting their shares, please contact Georgeson LLC, Kalera’s proxy
solicitor, by calling toll-free at 1-800-261-1052.
Shareholders are encouraged to read about the reverse stock split
proposals in the Company's Definitive Proxy Statement on Schedule
14A that was filed with the Securities and Exchange Commission
on November 16, 2022. The Definitive Proxy Statement can be
found at www.sec.gov or on the Company’s website, by clicking on
the following link: DEF 14A | Kalera.
Shareholders of Record If your shares are registered in
your name with Kalera’s stock transfer agent, Computershare Trust
Company, N.A., you are considered the shareholder of record with
respect to those shares and the proxy statement was sent directly
to you. Shareholders of record can vote by mail, online, by
telephone or in person at the EGM by following the instructions
provided on the proxy card. If you choose to submit a proxy by
internet, go to www.proxyvote.com.
Beneficial Owners of Shares Held in Street Name If your
shares are held in “street name” (that is, in the name of a bank or
broker or other holder of record), you will receive instructions
from the holder of record and you must follow such instructions for
your shares to be voted. Internet voting will also be offered to
shareholders owning shares through most banks and brokers. If your
shares are held with a brokerage firm or custodial bank, you are
considered the “beneficial owner” of shares held in street name,
and the proxy statement for the EGM was sent to you by your broker,
bank or nominee, who is considered the stockholder of record of
those shares. As a beneficial owner, you have the right to direct
your broker, bank or nominee on how to vote the shares held in your
account.
Holders of shares held in "street name" may not vote these
shares in person at the EGM unless such holders request and obtain
a legal proxy from such bank, broker or other holder of
record.Whether you are a shareholder of record or a beneficial
owner, you may obtain admission to the EGM by identifying yourself
at the EGM as a shareholder as of the record date. If you are a
record owner, possession of a copy of a proxy card will be adequate
identification. If you are a beneficial owner, a copy of an account
statement from your bank, broker or other nominee showing shares
held for your benefit on November 8, 2022 will be adequate
identification.
About Kalera As a leader in controlled environment
agriculture, Kalera is driven by our belief that vertical
farming can play an important role in securing access to fresh
produce for a growing world population facing climate change and
concerns about the future of traditional farming. Through our
proprietary technology, we sustainably grow local, delicious,
nutrient-rich, pesticide-free, non-GMO leafy greens year-round. Our
automated, data-driven, hydroponic vertical farms produce higher
yields and, use approximately 95% less water, and 99% less land
than traditional farming. Sold under the Kalera brand, our leafy
greens are “better than organic” and priced competitively, always
with the end consumer in mind. Kalera is headquartered
in Orlando, Florida with farms in Orlando; Atlanta,
Georgia; Houston, Texas; Denver, Colorado;
and Kuwait, with additional farms under development. More
information is available at www.kalera.com.
Forward-Looking Statements This communication
includes certain statements that are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under the applicable securities laws. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters.
These forward-looking statements include, but are not limited
to, statements regarding Kalera’s share structure and Nasdaq
listing status. These statements are based on various assumptions
and/or on the current expectations
of Kalera's management. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as and must not be relied on by any investor or other person
as, a guarantee, an assurance, a prediction or a definitive
statement of fact or probability. Actual events and circumstances
are difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the
control of Kalera. These forward-looking statements are
subject to a number of risks and uncertainties, including but not
limited to general economic, financial, legal, political and
business conditions and changes in domestic and foreign markets;
changes in the assumptions
underlying Kalera's expectations regarding its future
business; the effects of competition on Kalera's future
business; and the outcome of judicial proceedings to
which Kalera is, or may become a party.
If the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks
that Kalera presently do not know or currently believe
are immaterial that could also cause actual results to differ
materially from those contained in the forward-looking statements.
In addition, forward-looking statements reflect expectations,
assumptions, plans or forecasts of future events and views as of
the date of this communication. Kalera anticipate that
subsequent events and developments will cause these assessments to
change. However, while Kalera may elect to update these
forward-looking statements at some point in the
future, Kalera specifically disclaims any obligation to
do so, except as required by applicable law. These forward-looking
statements should not be relied upon as
representing Kalera's assessments as of any date
subsequent to the date of this written communication. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Contact:Financial Profiles,
Inc.KaleraIR@finprofiles.com310.622.8256
Kalera Public (NASDAQ:KALWW)
Historical Stock Chart
From May 2024 to Jun 2024
Kalera Public (NASDAQ:KALWW)
Historical Stock Chart
From Jun 2023 to Jun 2024