Kaleyra Inc. (KLR) Prices 7.78M Share Common Offering at $4.50/Sh

Kaleyra, Inc. (NYSE: KLR) today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 7,777,778 shares of its common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $4.50 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 1,166,666 additional shares of Common Stock from the Company at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the Offering for working capital and other general corporate purposes, including strategic growth, as well as to repay certain of its current obligations related to its November 2019 business combination, inclusive of debt repayments and forward purchase obligations. The Company may also use a portion of the remaining net proceeds to opportunistically acquire, license and invest in complementary products, technologies or businesses, although, it currently has no agreements or commitments to complete any such transaction.

Oppenheimer & Co. Inc. and Nomura Securities International, Inc. are acting as joint book-running managers for the Offering. National Securities Corporation is acting as lead manager for the Offering.

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