Okaty Comments on Vertical Farming Company’s Plans for Private Offering

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.