DEAL - SPAC - de-SPAC

Luxembourg, 19 July 2022 – Arendt has assisted Kalera, the global leader in vertical farming headquartered in Orlando, Florida, United States of America, in its business combination with Agrico Acquisition Corp., a Cayman Islands exempted company which resulted in a listing of Kalera plc., an Irish public limited company on Nasdaq.

Kalera S.A., a Luxembourg based company had been listed on the Euronext Growth Oslo. Arendt acted as legal advisor to Kalera for its cross-border transactions between Norway, Luxembourg and Ireland as well as for its transition from Euronext Growth Oslo to Nasdaq.

For the purpose of such business combination, Arendt has successfully partnered with Milbank LLP, Thommessen, Arthur Cox LLP and Banque Internationale à Luxembourg.

The business combination aimed at positioning Kalera as a leader in the rapidly growing market for vertical farming around the world, with a further view to use technology such as plant nutriment formulas or big data analytics and artificial intelligence capabilities, to ensure that more people around the world have access to the freshest, most nutritious, and cleanest products available.

Arendt team involved:

• Corporate Law, Mergers & Acquisitions: Bob Calmes, Philippe Harles, Antoine Kremer, Jeremy Bensoussan
• Finance & Capital Markets: François Warken, Milos Vulevic
• Tax Law: Thierry Lesage, Alexandra Clouté