- Vertical farming company Kalera ( NASDAQ: KAL ) has priced its public offering of 68M units at $0.13/unit for gross proceeds of approximately $8.84M.
- Each unit consists of one ordinary share (or prefunded warrant in lieu thereof) and two warrants. The warrants will be immediately exercisable at a price of $0.13 per share and expire five years from the date of issuance.
- The offering is expected to close on October 31, 2022.
- Shares have plunged 58% premarket in response to the news
For further details see:
Vertical farming firm Kalera slides after pricing ~$8.84M offering