Menlo Park, Calif., December 30, 2020 – Katerra, a technology-enabled construction company, announced today that its shareholders have approved a recapitalization of the business that will enable Katerra to move forward with a financial foundation of renewed strength. With a focus on its core businesses, enhanced operational capabilities, and the infusion of new capital, Katerra is positioned to accelerate its path to profitability and continue its pursuit to transform the construction industry through innovation of process and technology.

December 30, 2020 | Earlier today CEO Paal Kibsgaard sent this email to all Katerra employees. Team, Earlier today, Katerra’s shareholders approved a recapitalization of our business that will strengthen our financial foundation and advance our mission to transform the construction industry. This was an important initiative that Katerra’s Board of Directors and I supported. […]