KORE Group to be acquired by Searchlight affiliate for $9.25 per share

KORE Group Holdings, Inc.

Merger consideration: $9.25 per share in cash to common stockholders; Series A-1 preferred (liquidation preference ~$275M) remains outstanding.
Voting agreements from Cerberus (8%), Searchlight (14% fully diluted), and Abry (28%) commit ~50% of common to vote in favor.
Equity financing committed at $175M from Searchlight affiliates; transaction not subject to financing condition.
Regulatory approvals required (HSR, CFIUS); closing expected by Aug 26, 2026, extendable to Nov 27, 2026.
Termination fees: Company pays ~$7.2M; Parent pays $12M; upon close, KORE common to be delisted from NYSE.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KORE Group Holdings, Inc. entered into Agreement and Plan of Merger with KONA Parent, L.P. and KONA Merger Sub Co. valued at $9.25 per share in cash (effective 2026-02-26).

Action: entry
Agreement: merger
Counterparty: KONA Parent, L.P. and KONA Merger Sub Co.
Value: $9.25 per share in cash
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, KORE Group Holdings, Inc. (“KORE” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with KONA Parent, L.P., a Delaware limited partnership (“Parent”), and KONA Merger Sub Co., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which, subject to the terms and conditions thereof, Merger Sub will merge with and into the Company (the “Merger”) with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent.

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KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-021030

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