Exhibit 99.1
KALEYRA, INC. LAUNCHES PUBLIC OFFERING OF COMMON STOCK
NEW YORK, NY & VIENNA, VA, June 18, 2020 – Kaleyra, Inc. (NYSE American: KLR) (“Kaleyra” or the “Company”) today announced that it has commenced an underwritten public offering of 5,537,974 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”). In addition, the Company intends to grant the underwriters of the offering an option, exercisable for up to 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 830,696 shares of Common Stock at the public offering price, less underwriting discounts. 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.
The offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY, 10004, by telephone at (212)667-8055, or by email at EquityProspectus@opco.com; or Nomura Securities International, Inc., Attention: Equity Syndicate Department, Worldwide Plaza, 309 West 49th Street, New York, New York 10019-7316, or by telephone at (212)667-9000, or by email at equitysyndicateamericas@nomura.com.
A registration statement on FormS-1 (FileNo. 333-239001) relating to these securities to be sold in the proposed offering has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Kaleyra, Inc.
Kaleyra, Inc. (NYSE American: KLR) (KLR WS), is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Through its proprietary platform, Kaleyra manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications,e-mail, instant messaging, voice services and chatbots. Kaleyra’s technology today makes it possible to safely and securely manage billions of messages monthly with a reach to hundreds of MNOs and over 190 countries.
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