Vertical Farmer Kalera Gets Liquidating Bankruptcy Plan Approved

Vertical farming company Kalera Inc. won approval to wind down in bankruptcy and create a liquidating trust for unsecured creditors following a sale of its assets to private equity lender Sandton Capital Partners.

Orlando, Florida-based Kalera, an indoor grower of leafy greens that fell into bankruptcy this year, ran a successful Chapter 11 case and is entitled to wrap up its insolvency proceedings, Judge Christopher Lopez of the US Bankruptcy Court for the Southern District of Texas said at a hearing Tuesday. The company went public last year by merging with a blank check business, later becoming one of several ...