Rhea-AI Filing Summary
KORE Group Holdings, Inc. has been acquired in a cash merger completed on July 21, 2026. The reporting investment funds and individuals state they now beneficially own 0 shares and 0.00% of the company’s common stock.
Under the Merger Agreement, shares not contributed to the acquiring parent entity were converted into the right to receive $9.25 in cash per share, without interest and subject to applicable withholding taxes. After the merger, the parent holds all outstanding common stock of the surviving corporation, whose board the reporting persons do not control, so they no longer report beneficial ownership.
KORE’s common stock has been suspended from trading on the New York Stock Exchange, and a Form 25 has been filed to delist and deregister the shares, meaning they will no longer be listed on NYSE.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
Merger Agreement regulatory
Effective Time regulatory
beneficial ownership regulatory
Surviving Corporation regulatory
Form 25 regulatory
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