Kaltura, Inc. Adopts a Limited Duration Stockholder Rights Plan
NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Kaltura, Inc. (NASDAQ:KLTR) (the "Company") announced today that it has adopted a limited duration stockholder rights plan. The Company has become aware of the rapid accumulation of a significant amount of the common stock of the Company by K1 Investment Management, LLC, financial sponsor to the Company's competitor Panopto, Inc., and Panopto's unsolicited public letter indicating an interest in acquiring the Company, as disclosed in a Schedule 13D filed on July 28, 2022. The Board of Directors believes that the rights plan will help promote the fair and equal treatment of all stockholders of the Company and ensure that
