Sends Cease-and-Desist Letter to TCR Acquisition and its Principals, Frederick M. Joyce and Giovanni Tarone, Demanding that TCR Acquisition Retract its Blatantly False Assertions
Kaleyra Opens Investigation into TCR Acquisition's Motives, Incentives and Troubling Attempts to Intentionally Damage The Campaign Registry's Business
NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) ("Kaleyra" or the "Company") today responded to the intentional misrepresentations made by TCR Acquisition LLC ("TCR Acquisition"), Frederick Joyce and Giovanni Tarone about Kaleyra's subsidiary, Campaign Registry, Inc. ("The Campaign Registry").
The Company issued the following statement:
Frederick M. Joyce and his business partner, Giovanni Tarone, expressed interest in acquiring The Campaign Registry from Kaleyra. After careful evaluation in conjunction with the Company's advisors, the Board of Directors determined the offer for the business was not in the best interest of the Company's shareholders, and the Company communicated the Board's unanimous decision to reject the offer to Messrs. Joyce and Tarone.
What followed has surprised and disturbed us.
Messrs. Joyce and Tarone, acting through a newly formed entity called TCR Acquisition LLC, made demonstrably and blatantly false claims in press releases and in private communications with our customers. It appears to us that Messrs. Joyce and Tarone are intentionally attempting to damage The Campaign...
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