NEW
YORK, Sept. 28, 2023
/PRNewswire/ -- Kaleyra, Inc. (NYSE: KLR) ("Kaleyra" or the
"Company"), announced that at a special meeting of
stockholders held earlier today, the stockholders of the Company
have approved all proposals related to the proposed acquisition of
the Company by Tata Communications Limited, a company listed on BSE
Limited and National Stock Exchange of India Limited. The final
results will be available on a Current Report on Form 8-K to be
filed by the Company. As a result, the closing of the transaction
is expected to occur on October 5,
2023, subject to the satisfaction of the remaining closing
conditions. Shares of Kaleyra will cease trading and will no
longer be listed on the NYSE exchange following the closing of the
transaction.
About Kaleyra
Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) is a global
group providing mobile communication services to financial
institutions, e-commerce players, OTTs, software companies,
logistic enablers, healthcare providers, retailers, and other large
organizations worldwide. Through its proprietary platform and
robust APIs, Kaleyra manages multi-channel integrated
communication services, consisting of messaging, rich messaging and
instant messaging, video, push notifications, e-mail, voice
services, and chatbots. Kaleyra's technology makes it possible to
safely and securely manage billions of messages monthly with over
1600 operator connections in 190+ countries, including all tier-1
US carrier.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. Such forward-looking
statements include, but are not limited to, its omnichannel and
other product and global customer developments, its expectations,
beliefs, intentions, plans, prospects or strategies regarding the
business plans of the Company's management team. Any statements
contained herein that are not statements of historical fact may be
deemed to be forward-looking statements. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intends," "may," "might," "plan," "possible," "potential,"
"predict," "project," "should," "would" and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. The
forward-looking statements contained in this communication are
based on certain assumptions and analyses made by the Company in
light of its experience and perception of historical trends,
current conditions and expected future developments and their
potential effects on the Company as well as other factors they
believe are appropriate in the circumstances. There can be no
assurance that future developments affecting the Company will be
those anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond the
control of the parties) or other assumptions that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements, including
the Company's ability to regain compliance with the NYSE Listing
Company Manual, the mix of services utilized by the Company's
customers and such customers' needs for these services, including
any variability by geography, market acceptance of new service
offerings, the ability of the Company to expand what it does for
existing customers as well as to add new customers, that the
Company will have sufficient capital to operate as anticipated, and
the impact of other geopolitical and macroeconomic factors
such as the war in Ukraine, may
have on the Company's operations, the demand for the Company's
products, global supply chains and economic activity in general.
Additional risk factors that that may cause such a difference
include, but are not limited to: (i) the ability of the parties to
consummate the proposed transaction in a timely manner or at all;
(ii) the satisfaction (or waiver) of closing conditions to the
consummation of the proposed transaction; (iii) potential delays in
consummation the proposed transaction; (iv) the ability of the
Company and Tata Communications to timely and successfully achieve
the anticipated benefits of the proposed transaction; (v) the
occurrence of any event, change or other circumstance or condition
that could give rise to the termination of the merger agreement;
(vi) significant transaction costs associated with the proposed
transaction; (vii) potential litigation relating to the proposed
transaction; (viii) the risk that disruptions from the proposed
transaction will harm the Company's business, including current
plans and operations; (ix) the ability of the Company to retain and
hire key personnel; (x) potential adverse reactions or changes to
business relationships resulting from the announcement or
completion of the proposed transaction; (xi) legislative,
regulatory and economic developments affecting the Company's
business; (xii) general economic and market developments and
conditions; (xiii) the evolving legal, regulatory and tax regimes
under which the Company operates; and (xiv) potential business
uncertainty, including changes to existing business relationships,
during the pendency of the merger that could affect the Company's
financial performance. Therefore, you should not place undue
reliance on any such statements and caution must be exercised in
relying on forward-looking statements. Should one or more of these
risks or uncertainties materialize or should any of the assumptions
being made prove incorrect, actual results may vary in material
respects from those projected in these forward-looking statements.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws.
Investor Contacts:
Shannon Devine or Mark Schwalenberg
MZ North America
203-741-8811
KLR@mzgroup.us
View original content to download
multimedia:https://www.prnewswire.com/news-releases/kaleyra-inc-stockholders-approve-proposed-acquisition-by-tata-communications-limited-301941951.html
SOURCE Kaleyra US