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.

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