secwatch.observer — SEC 8-K summary
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Issuer:     Kaleyra, Inc. (—)
CIK:        0001719489
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001193125-23-253538
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.03, 2.01, 3.01, 3.03, 5.02, 5.03, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tata Communications completes acquisition of Kaleyra for $7.25 per share, ~$100M cash plus debt
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- Each Kaleyra share converted into $7.25 cash; aggregate consideration ~$100M plus assumption of all outstanding debt.
- Kaleyra's common stock and warrants delisted from NYSE; registration terminated.
- New board: Mysore Madhusudhan (Chairman), Mauro Carobene, Troy Reynolds, Tri Pham; Carobene named CEO, Danilo Roncasaglia CFO.
- Supplemental indenture modifies 6.125% Convertible Senior Notes due 2026: upon conversion, only cash at $7.25 per share.
- Settlement with former CTO Nicola Vitto: €1,000 plus accelerated vesting of 50% unvested RSUs (12,715 RSUs).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1719489/000119312523253538/0001193125-23-253538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1719489/000119312523253538/d915044d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-253538

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer