Author Archives: Eric Birge

Old MacDonald’s Farm No More: Companies Invest In Vertical Agriculture

By Louis Biscotti, Forbes Orlando, Fla.-based vertical farm operator Kalera recently announced plans to go public on the NASDAQ through a merger with Agrico Acquisition Corp.  “A tremendous need exists for healthy, sustainable, and surprisingly affordable food,” Kalera Interim CEO Curtis McWilliams said. “We believe we have a business model that can bring nourishment across […]

Kalera to Go Public on NASDAQ through Merger with Agrico Acquisition Corp.

• Transaction to result in Kalera becoming a publicly listed company on NASDAQ anddelisting from Euronext Growth Oslo exchange during Q2 2022.• This all-stock transaction creates a combined company with an equity value ofapproximately $375 million on a fully diluted pro forma basis, assuming no redemptionsfrom Agrico’s shareholders.• Based on the common stock of Agrico […]