{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-010745","form_type":"8-K","ticker":null,"cik":"0001909152","company_name":"Kalera Public Ltd Co","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.568720+00:00","generated_at":"2026-06-17T06:39:22.041145+00:00","sec_items":["1.03","2.04","5.02","7.01","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Kalera's main subsidiary files Chapter 11; CEO Leighton departs, $5.1M DIP financing sought","bullets":["Kalera, Inc. filed voluntary Chapter 11 petition in Southern District of Texas on April 4, 2023; case No. 23-90290.","CEO Jim Leighton resigned effective March 29, 2023; Mark Shapiro of B. Riley appointed Chief Restructuring Officer.","Debtor-in-possession financing of $5.1 million from Sandton Credit Solutions, subject to Bankruptcy Court approval.","Loan agreement with Farm Credit/Sandton triggered event of default upon filing; obligations accelerated but stayed by bankruptcy.","Company unable to file FY2022 Form 10-K by March 31 deadline; no estimate for filing date."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-010745","json":"https://secwatch.observer/filing/0001493152-23-010745.json","markdown":"https://secwatch.observer/filing/0001493152-23-010745.md","text":"https://secwatch.observer/filing/0001493152-23-010745.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:39:22.041145+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3d5a7e7b471ff794c43c76579f3c4e5c98e786b3","claim":"Kalera Public Ltd Co faced acceleration on loan with Sandton Credit Solutions Master Fund V, L.P..","evidence_excerpt":"The commencement of the Chapter 11 Case constituted an Event of Default that accelerates Kalera’s obligations under the Loan Agreement. The Loan Agreement provides that upon the Chapter 11 Case filing the unpaid principal and interest due under the Loan Agreement are automatically due and payable.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Counterparty","value":"Sandton Credit Solutions Master Fund V, L.P."},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"41b39d9932c0151339bab405fcd02cee13e40ad8","claim":"Kalera Public Ltd Co incurred loan of $5.1 million with Sandton Credit Solutions Master Fund V, L.P..","evidence_excerpt":"On April 4, 2023, Sandton (in such capacity, the “DIP Provider”) has agreed to provide to the Debtor debtor-in-position financing, pursuant to which, and subject to the satisfaction of certain customary conditions, including the approval of the Bankruptcy Court (which has not been obtained at this time), the DIP Provider agreed to provide loans in an aggregate principal amount of $5.1 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$5.1 million"},{"label":"Counterparty","value":"Sandton Credit Solutions Master Fund V, L.P."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1fc201e72279c6d6621a78f6c6a4f003388f58e7","claim":"Kalera Public Ltd Co entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-04-04).","evidence_excerpt":"On April 4, 2023, Kalera, Inc. (\"Kalera\" or the \"Debtor\") an indirect wholly owned subsidiary of Kalera Public Limited Company (\"Kalera PLC\" or the \"Company\") filed a voluntary petition (the \"Chapter 11 Case\") in the United States Bankruptcy Court for the Southern District of Texas (the \"Bankruptcy Court\") seeking relief under Chapter 11 of Title 11 of the United States Code (the \"Bankruptcy Code\"). The Chapter 11 Case is being administered under the caption In re Kalera, Inc. , Case No. 23-90290","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","confidence":0.99,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of Texas"},{"label":"Petition","value":"2023-04-04"}],"fact_type":"distress_event"},{"claim_id":"286bc18c89","claim":"Jim Leighton resigned as President and Chief Executive Officer at Kalera Public Ltd Co.","evidence_excerpt":"Effective as of March 29, 2023, Jim Leighton’s employment with the Company as President and Chief Executive Officer ended, so that Mr. Leighton could pursue other opportunities.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"5d978c303b","claim":"Jim Leighton resigned as Director at Kalera Public Ltd Co.","evidence_excerpt":"Mr. Leighton also resigned as a member of the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5ddacf4089","claim":"Mark Shapiro was appointed as Chief Restructuring Officer at Kalera Public Ltd Co.","evidence_excerpt":"The Company has appointed Mark Shapiro, Senior Managing Director at B. Riley Advisory Services, as Chief Restructuring Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1909152/000149315223010745/0001493152-23-010745-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Restructuring Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}