Milbank LLP advised Euronext Oslo-listed Kalera PLC on its business combination with Agrico Acquisition Corp and transition to a listing on Nasdaq. The combined company will retain the Kalera name and commenced trading on Nasdaq under the new ticker symbol “KAL.”
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.
The Milbank team was led by Global Capital Markets partner David Dixter, Global Corporate partner Iliana Ongun, Global Capital Markets special counsel Evan Cappelli and associates Alexia Pimbli, Eugenia Repetto and Alyssa Julian, and Global Corporate special counsel Evelyn Liristis and associates Tiffany Han, Stephen Tomasulo. The team also included Global Tax partners Mike Shah and Andrew Walker and associates Kelly Bartley and Michael Rivkin, Global Capital Markets associates Alex Becker, Flora Gonzalez, Nicholas Wallace, Christina Chaplygina, Ian Hunley, Global Corporate associate Pragyan Patnaik and Alternative Investments associate Chloe Wang.
