0001193125-20-128785.txt : 20200430 0001193125-20-128785.hdr.sgml : 20200430 20200430161056 ACCESSION NUMBER: 0001193125-20-128785 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200429 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20200430 DATE AS OF CHANGE: 20200430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kaleyra, Inc. CENTRAL INDEX KEY: 0001719489 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 823027430 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38320 FILM NUMBER: 20835751 BUSINESS ADDRESS: STREET 1: VIA MARCO D'AVIANO, 2, 20131 MILANO MI CITY: MILAN STATE: L6 ZIP: 94303 BUSINESS PHONE: 39 02 288 5841 MAIL ADDRESS: STREET 1: VIA MARCO D'AVIANO, 2, 20131 MILANO MI CITY: MILAN STATE: L6 ZIP: 94303 FORMER COMPANY: FORMER CONFORMED NAME: GigCapital, Inc. DATE OF NAME CHANGE: 20171012 8-K 1 d832019d8k.htm 8-K 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 29, 2020

 

 

KALEYRA, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-38320   82-3027430

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

Via Marco D’Aviano, 2, Milano MI, Italy   20131
(Address of Principal Executive Offices)   (Zip Code)

+39 02 288 5841

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbols

  

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share   KLR   NYSE American LLC
Warrants, at an exercise price of $11.50 per share of Common Stock   KLR WS   NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item 3.02

Unregistered Sales of Equity Securities.

As previously disclosed in its Current Report on Form 8-K (“Current Report”) as filed with the Securities and Exchange Commission (“SEC”), on November 25, 2019, Kaleyra, Inc. (f/k/a GigCapital, Inc.) (the “Company”) consummated its business combination with Kaleyra S.p.A. pursuant to that certain Stock Purchase Agreement, dated as of February 22, 2019, as amended, by and among the Company, Kaleyra S.p.A., the shareholders of Kaleyra S.p.A. (the “Sellers”) and the representative of the Sellers (the “Purchase Agreement”).

Pursuant to the terms of the Purchase Agreement, the Sellers are entitled to receive earnout payments consisting of up to an additional 1,763,633 shares (the “2019 Earnout Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), if the Company met certain financial performance targets for the 2019 fiscal year (the “2019 Earnout Target”), and an additional 1,763,639 shares of Common Stock if the Company meets certain financial performance targets for the 2020 fiscal year.

Based upon the financial statements for the year ended December 31, 2019 as contained in the Company’s Annual Report on Form 10-K filed with the SEC on April 22, 2020, and in accordance with the terms of the Purchase Agreement, the Company achieved the 2019 Earnout Target and the Sellers are entitled to receive the 2019 Earnout Shares in full. On April 29, 2020, the Company instructed the Company’s transfer agent to issue the 2019 Earnout Shares to the Sellers pursuant to the terms of the Purchase Agreement. The 2019 Earnout Shares were issued in a private transaction not involving any public offering, are unregistered, are restricted securities under Rule 144 of the Securities Act of 1933, as amended, and are subject to lockup provisions contained in the Purchase Agreement.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 30, 2020

 

By:  

/s/ Dario Calogero

Name:   Dario Calogero
Title:   Chief Executive Officer and President