---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-050128"
form_type: "8-K"
ticker: "KORE"
cik: "0001855457"
company_name: "KORE Group Holdings, Inc."
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:38:29.370423+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KORE acquires BMP and SIMON IoT for $68M to expand IoT in Connected Health

## Summary
- Aggregate consideration $68M: $44.8M cash + 4.2M shares of KORE common stock valued at $23.2M.
- Acquisition of BMP (IoT enablement for clinical trials) and SIMON IoT (IoT connectivity); positions KORE in high-growth life sciences.
- Board changes: Chan Galbato resigns; Mark Neporent, H. Paulett Eberhart, James Geisler appointed as directors.
- Inducement awards: 150,000 RSUs to Jared Deith and Steven Daneshgar, 75,000 to Michael DeSalvo, vesting over 2-4 years.
- Expected close in February; BMP and SIMON IoT to operate as standalone entities.

## SEC filing metadata
- accession: 0001193125-22-050128
- form_type: 8-K
- ticker: KORE
- cik: 0001855457
- company_name: KORE Group Holdings, Inc.
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855457/000119312522050128/0001193125-22-050128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855457/000119312522050128/d245320d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-050128
- JSON: https://secwatch.observer/filing/0001193125-22-050128.json
- Plain text: https://secwatch.observer/filing/0001193125-22-050128.txt

## Key facts
- Executive change
  Mark Neporent was appointed as Director at KORE Group Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board appointed Mark Neporent to serve as a Director of the Company, to serve until the Annual Meeting of Stockholders of the Company in 2023, effective February 16, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312522050128/0001193125-22-050128-index.htm
- Executive change
  H. Paulett Eberhart was appointed as Director at KORE Group Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: effective February 16, 2022, the Board appointed each of (i) H. Paulett Eberhart to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312522050128/0001193125-22-050128-index.htm
- Executive change
  Chan W. Galbato resigned as Director at KORE Group Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: On February 16, 2022, Chan W. Galbato resigned from the Board of Directors of the Company (the “Board”) and all committees of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312522050128/0001193125-22-050128-index.htm
- Executive change
  James Geisler was appointed as Director at KORE Group Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: (ii) James Geisler to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312522050128/0001193125-22-050128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.