Exhibit 99.1
KALEYRA, INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK
NEW YORK, NY & VIENNA, VA, June 24, 2020 — Kaleyra, Inc. (NYSE American: KLR) (“Kaleyra” or the “Company”) 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 a30-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.
A registration statement on FormS-1 (FileNo. 333-239001) relating to the Offering was declared effective by the Securities and Exchange Commission (the “SEC”) on June 24, 2020. The Offering is being made only by means of a prospectus, copies of which 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.
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.
