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  "presentationDate": "2022-02-01 00:00:00",
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      "text": "CVRs issued as merger consideration to Kalera SA shareholders will collectively represent the right to receive an aggregate of 10% of the fully diluted equity of Kalera plc (as of the closing) with 5% issuable on satisfaction of each of the following milestones: (i) Kalera plc shares trade at/over US$12.50 (ii) Kalera plc shares trade at/over US$15.00, in each case for 20 trading days within a 30-trading day period based on volume-weighted average trading prices. The CVRs terminate two years after the closing of the business combination. If Kalera plc is sold during that time, CVR holders would be entitled to the milestone payments if the equity valuation in the deal exceeds the applicable milestones. The CVRs will not be transferable and will not be listed on any stock exchange. CVRs will not be linked to the shares. Shareholders that hold CVRs that sell their shares will continue to retain the CVRs",
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      "text": "As one of Kalera SA's conditions to closing, at Closing, assuming the payment of all transaction expenses, there must be at least US$100M in aggregate between the cash in the SPAC trust account and the amount of funds raised by Kalera SA between signing and closing (excluding any funding pursuant to certain facilities that may be entered into with specified counterparties) (the \"Minimum Cash Condition\"). Only Kalera SA may waive this condition. In the event that the Minimum Cash Condition is not satisfied and Kalera SA waives such condition, the Sponsor will, immediately prior to the First Merger Effective Time, transfer to Agrico and forfeit up to 50% of its Sponsor promote shares in an amount that is proportional to the difference between: (a) the amount of cash required to satisfy the Minimum Cash Condition (b) the sum of (i) the amount actually raised during the Interim Period (excluding pursuant to certain facilities that may be entered into with specified counterparties) and (ii) the amount remaining in the Trust Account following redemptions",
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      "text": "CVR KEY TERMS AND SPONSOR SHARE CLAWBACK",
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