---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-082281"
form_type: "8-K"
ticker: "KORE"
cik: "0001855457"
company_name: "KORE Group Holdings, Inc."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:40:52.670030+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KORE to acquire Twilio IoT business unit for up to 10M shares (~$28M value)

## Summary
- KORE agrees to acquire Twilio's IoT business; consideration of up to 10M shares of KORE common stock.
- Shares represent ~11.5% of KORE's outstanding, capped at $28M based on closing stock price.
- Transaction expected to close by September 14, 2023, subject to customary conditions; no financing condition.
- KORE aims to combine Twilio IoT's eSIM and connectivity portfolio to become a leading IoT hyperscaler.

## SEC filing metadata
- accession: 0001193125-23-082281
- form_type: 8-K
- ticker: KORE
- cik: 0001855457
- company_name: KORE Group Holdings, Inc.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855457/000119312523082281/0001193125-23-082281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855457/000119312523082281/d351082d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-082281
- JSON: https://secwatch.observer/filing/0001193125-23-082281.json
- Plain text: https://secwatch.observer/filing/0001193125-23-082281.txt

## Key facts
- Material Agreements
  KORE Group Holdings, Inc. entered into Purchase Agreement with Twilio Inc. valued at $28 million (effective 2023-03-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Twilio Inc.
  - Value: $28 million
  - Effective: 2023-03-26
  source text: KORE agreed to purchase, subject to the satisfaction or waiver of the conditions set forth therein, the “internet of things” business of Twilio (the “Business”), through the purchase of certain assets, including certain technology and intellectual property rights, and the assumption of certain liabilities, of Twilio (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312523082281/0001193125-23-082281-index.htm

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