Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 26 2024 - 4:46PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2024
Commission File Number: 001-40300
KAROOOOO LTD.
(Exact name of registrant as specified in its
charter)
1 Harbourfront Avenue
Keppel Bay Tower #14-07
Singapore 098632
+65 6255 4151
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Karooooo Ltd. |
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By: |
/s/ Isaias (Zak) Jose Calisto |
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Name: |
Isaias (Zak) Jose Calisto |
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Title: |
Chief Executive Officer |
Date: July 26, 2024
EXHIBIT INDEX
2
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1828102/000101376224001665/ex99-1_001.jpg)
Karooooo Ltd. Announces Termination
of Secondary Public Offering of Ordinary Shares Due to Market Conditions
SINGAPORE, July
26, 2024 Karooooo Ltd. (“Karooooo”) today announced that Isaias (Zak) Jose Calisto
(the “Selling Shareholder”), Karooooo’s Chief Executive Officer, has terminated the underwritten secondary public offering
(the “Offering”) of ordinary shares previously announced on July 24, 2024. Though the proposed Offering, which was undertaken
by the Selling Shareholder with the goal of improving liquidity for investors, was met with significant investor interest and an oversubscription
of demand, the Selling Shareholder determined that recent changes in market conditions and the resulting impact on the share price made
it inappropriate to proceed with the Offering at the current time. As a result of such termination, no ordinary shares of Karooooo will
be sold pursuant to the Offering. However, the Selling Shareholder retains flexibility under Karooooo’s Registration Statement on
Form F-3 to conduct an offering in the future when market conditions are more favorable.
About Karooooo
Karooooo, headquartered in Singapore, is a leading
global software provider in the telematics industry that offers real-time mobility and workforce data analytics solutions to simplify
decision making for physical operations. Karooooo serves customers in 25 countries across five continents, supporting more than
2 million subscribers as of May 31, 2024.
Media Contact
media@karooooo.com
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