KORE Announces Receipt of Non-Binding Letter Relating to Acquisition of Common Stock

Core Viewpoint - KORE Group Holdings, Inc. has received a non-binding proposal from Searchlight Capital Partners and Abry Partners to acquire all outstanding shares of the company at a cash price of $5.00 per share [1][2]. Group 1: Acquisition Proposal - The Special Committee of KORE's Board of Directors was formed to review and negotiate potential strategic transactions, including the proposal from Searchlight and Abry [2]. - Rothschild & Co is serving as the financial advisor, while Richards, Layton & Finger, P.A. is providing legal counsel to the Special Committee [2]. Group 2: Company Overview - KORE is recognized as a leader in the Internet of Things (IoT) sector, providing critical IoT solutions and services aimed at improving operational and business outcomes for organizations [3]. - The company emphasizes its expertise in simplifying IoT complexities and delivering purpose-built solutions with global reach and deployment agility [3].