NEW YORK & VIENNA, Va.--(BUSINESS WIRE)--Kaleyra, Inc. (NYSE American: KLR)  announced that in connection with its previously announced public offering of its common stock, par value $0.0001 per share, the underwriters partially exercised and closed on their over-allotment option to purchase an additional 984,916 shares of Common Stock from the Company. The Company received approximately $4.2 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount. The Company intends to use the net proceeds that it will receive from the sale of these additional shares for working capital and other general corporate purposes, including strategic growth. The Company may also use a portion of the net proceeds to opportunistically acquire, license and invest in complementary products, technologies or businesses, although, it currently has no agreements or commitments to complete any such transaction.

Oppenheimer & Co. Inc. and Nomura Securities International, Inc. acted as joint book-running managers for the Offering. National Securities Corporation acted as lead manager for the Offering.

About Kaleyra, Inc.

Kaleyra, Inc. (NYSE American: KLR) (KLR WS), is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Through its proprietary platform, Kaleyra manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots. Kaleyra’s technology today makes it possible to safely and securely manage billions of messages monthly with a reach to hundreds of MNOs and over 190 countries.