KORE Group Holdings Acquired, Goes Private

ATLANTA, USA KORE Group Holdings, Inc. has officially completed its acquisition by affiliates of Searchlight Capital Partners, L.P. and Abry Partners. The transaction marks a strategic transition for the IoT connectivity provider, which will now operate as a private company.

As a result of this acquisition, KORE common stock will cease trading and be delisted from the New York Stock Exchange. The move is designed to offer the company greater operational flexibility, allowing it to accelerate innovation and expand its global capabilities without the constraints of being a public entity.

Transaction Details:

• KORE has been acquired by affiliates of Searchlight Capital Partners and Abry Partners.
• The company will transition to a private ownership structure to pursue long-term growth.
• Stockholders will receive merger consideration as outlined by the company's paying agent, Continental Stock Transfer & Trust Company.
• KORE shares are being delisted from the New York Stock Exchange.

Leadership from both KORE and the investment firms emphasized that this partnership will strengthen the company's ability to navigate the complexities of the global IoT landscape and better serve its customers.