---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-159882"
form_type: "8-K"
ticker: "KORE"
cik: "0001855457"
company_name: "KORE Group Holdings, Inc."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:32:41.205638+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KORE closes acquisition of Twilio's IoT business; issues 10M shares

## Summary
- Transaction closed on June 1, 2023; KORE issued 10 million shares of common stock to Twilio as consideration.
- Issued shares represent approximately 11.5% of KORE's outstanding common stock.
- KORE granted equity inducement awards to 18 new employees for up to 1,760,268 shares (time- and performance-based RSUs).
- Acquisition positions KORE as first IoT hyperscaler, adding 'Build' to its Deploy, Manage, Scale proposition.

## SEC filing metadata
- accession: 0001193125-23-159882
- form_type: 8-K
- ticker: KORE
- cik: 0001855457
- company_name: KORE Group Holdings, Inc.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855457/000119312523159882/0001193125-23-159882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855457/000119312523159882/d513633d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-159882
- JSON: https://secwatch.observer/filing/0001193125-23-159882.json
- Plain text: https://secwatch.observer/filing/0001193125-23-159882.txt

## Key facts
- M&A Transactions
  KORE Group Holdings, Inc. completed an acquisition involving Twilio Inc. (closed 2023-06-01).
  - Action: acquisition
  - Counterparty: Twilio Inc.
  - Closing: 2023-06-01
  source text: As previously disclosed, on March 26, 2023, KORE Group Holdings, Inc., a Delaware corporation (“ KORE ”), entered into a Purchase Agreement (the “ Purchase Agreement ”) with Twilio Inc. (“ Twilio ”), whereby KORE agreed to purchase, or to cause one or more of its subsidiaries to purchase, subject to the satisfaction or waiver of the conditions set forth therein, the “internet of things” business of Twilio, through the purchase of certain assets, including certain technology and intellectual property rights, and the assumption of certain liabilities, of Twilio and certain of its subsidiaries (the “ Transaction ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312523159882/0001193125-23-159882-index.htm

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