Kalray completes €24.4m fundraising

PrimaryBid SA was pleased to support Kalray ("the Company") during its latest capital raise. The Company successfully raised a total amount of around €24.4 million by issuance of a total number of 1,475,795 new ordinary shares (“the New Shares”) carried out for €21.7 million from qualified investors and €2.7 million from individual investors, via the PrimaryBid platform (together the “Fundraising”).

Eric Baissus, Kalray CEO, said: "I would like to thank the many institutional and private investors who have mobilized on a massive scale, and have shown their confidence in Kalray, its projects and its growth ambitions. The private placement saw very strong demand as did the PrimaryBid offer, which attracted the interest of more than 1,400 retail investors. In particular, we are very pleased with the support of our current shareholders and for integrating more than forty new French and foreign institutional investors into our capital."

Read the press release here

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