Effective as of March 29, 2023, Jim Leighton's employment with Kalera Public Limited Company as President, so that Mr. Leighton could pursue other opportunities. Mr. Leighton also resigned as a member of the Company's Board of Directors. The Company has appointed Mark Shapiro, Senior Managing Director at B. Riley Advisory Services, as Chief Restructuring Officer.

Mr. Shapiro will oversee the business and its restructuring process, working to execute on the Company's business strategy and conduct a value-maximizing sale process. Mr. Shapiro brings deep experience in managing complex financial and operational restructurings, including providing interim management services to preserve and maximize value.