ABGSC acted as Joint Global Coordinator and Joint Bookrunner in the NOK 930 million private placement in Kalera AS and subsequent listing on Merkur Market

Kalera AS (“Kalera” or “the Company”) announced on Monday 26 October 2020 the successful placement of 31,000,000 shares at a price of NOK 30.00 per share for a total transaction size of NOK 930 million (equivalent to approx. USD 100 million) (the “Private Placement”). The Private Placement consisted of 27,900,000 new shares (the “New Shares”) and an over-allotment of 3,100,000 additional shares (the “Additional Shares”), representing 10% of the shares allocated in the Private Placement.
Kalera will use the net proceeds from the Private Placement to finance the construction of new facilities as part of the Company’s roll-out plan for 2021 as well as for general corporate purposes.
The Company has applied for, and will, subject to the necessary approvals from the Oslo Stock Exchange, list its shares on Merkur Market. The first day of trading on Merkur Market is expected to be on or about 28 October 2020, and the company will trade under the ticker code KAL-ME.