Kaleyra, Inc., a rapidly growing cloud communications software provider delivering a secure system of application programming interfaces (APIs) and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market, today announced that, as of August 24, 2021, the Company had entered into warrant repurchase agreements with a group of institutional investors.
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On August 27, 2021, pursuant to the agreement, the Company will repurchase warrants for an aggregate amount of 1,684,470 shares of its common stock for $3.25 per underlying share, at an aggregate purchase price of $5,474,525. The repurchase will result in the surrender and cancellation of these warrants held by each holder.
“These warrant repurchases allow us to further simplify our capital structure and support our positive outlook for the long-term financial and operational success of our business,” said Dario Calogero, Kaleyra’s Founder and Chief Executive Officer.
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein.
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