Partner Mike Okaty was quoted in an Orlando Business Journal article, “Orlando vertical farming firm Kalera eyes funding deal to fuel more growth,” about the Orlando-based vertical farming company’s work with two Norwegian investment firms to complete a private offering of company stock that would raise up to $100 million to build new farming facilities in the U.S. and abroad.
Okaty said companies may raise capital through a private placement deal in order to fund operations and planned growth. A private placement deal faces less regulatory scrutiny than an initial public offering (IPO), when stocks are offered on an open market, he said.
