"Time in the market, better than timing the market,"

Added on 26 July 2022

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Time in the market, better than timing the market,

Kalera officially debuted on Nasdaq under the ticker KAL on June 29 after its merger with Agrico Acquisitions Corp, in a deal valuing the combined business at around $375m.

"Time in the market is better than timing the market," says the CMO of US vertical farming company Kalera, which has recently gone public via a SPAC.

Aric Nissen was responding to a question from Future Food Finance about why Kalera had chosen to go down the SPAC route amid a cooling off of the SPAC market.

Kalera officially debuted on Nasdaq under the ticker KAL on June 29 after its merger with Agrico Acquisition Corp, in a deal valuing the combined business at around $375m.

It is using the fresh capital to help build more of its next-generation vertical farms, which some believe will revolutionise the farming industry, in the US and beyond.

Its shares debuted at $14 a share but dropped to $6.21 on July 11.

By John Reynolds

Photo Courtesy of Kalera

Source: Future Food Finance