Thommessen has acted as legal counsel to Kalera AS in connection with the successfully placed private placement of USD 22.5 million on 5 June 2020.
The private placement received strong interest from both existing shareholders and new high-quality institutional investors and family offices in the US and Norway, and was upsized from the original deal size of USD 10-15 million.
Thommessen also acted as legal counsel to Kalera AS in connection with the recent USD 15 million private placement on 1 April 2020, and the subsequent registration of the Company's shares on the N-OTC list on 21 April 2020.
Arctic Securities AS acted as manager in connection with the private placements and N-OTC registration.
Kalera is a technology driven vertical farming company with unique growing methods combining optimized nutrients and light recipes, precise environmental controls, and clean room standards to produce safe, highly nutritious, pesticide-free, non-GMO vegetables with consistent high quality and longer shelf life year-round. The Company's high-yield, automated, data-driven hydroponic production facilities have been designed for rapid rollout with industry-leading payback times to grow vegetables faster, cleaner, at a lower cost, and with less environmental impact.
Thommessen's team consisted of Hans Cappelen Arnesen and Bianca Bratsberg.