---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-293047"
form_type: "8-K"
ticker: "KORE"
cik: "0001855457"
company_name: "KORE Group Holdings, Inc."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:22:47.917874+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KORE repurchases 5M shares from Twilio at ~$0.57/share, aggregate $2.9M

## Summary
- Repurchases 5,000,000 shares of common stock from Twilio Inc. at $0.5713 per share, total ~$2.9 million.
- Shares were subject to transfer restrictions from a prior March 2023 purchase agreement; KORE waived those restrictions.
- Repurchase to be funded via additional investment from Searchlight IV KOR, L.P. under an existing agreement.
- Closing expected on or before December 13, 2023; reduces Twilio's stake from 10M to 5M shares held.
- Price equals VWAP of common stock on NYSE for the 10 trading days ending December 8, 2023.

## SEC filing metadata
- accession: 0001193125-23-293047
- form_type: 8-K
- ticker: KORE
- cik: 0001855457
- company_name: KORE Group Holdings, Inc.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855457/000119312523293047/0001193125-23-293047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855457/000119312523293047/d650447d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-293047
- JSON: https://secwatch.observer/filing/0001193125-23-293047.json
- Plain text: https://secwatch.observer/filing/0001193125-23-293047.txt

## Key facts
- Material Agreements
  KORE Group Holdings, Inc. entered into Stock Repurchase Agreement with Twilio Inc. valued at Aggregate purchase price of approximately $2.9 million for 5,000,000 shares of common stock at $0.57 (effective 2023-12-11).
  - Action: entry
  - Counterparty: Twilio Inc.
  - Value: Aggregate purchase price of approximately $2.9 million for 5,000,000 shares of common stock at $0.57
  - Effective: 2023-12-11
  source text: On December 11, 2023, KORE Group Holdings, Inc., a Delaware corporation (“ KORE ” or the “ Company ”), entered into a stock repurchase agreement (the “ Stock Repurchase Agreement ”) with Twilio Inc., a Delaware corporation and a stockholder of the Company (the “ Selling Stockholder ”), pursuant to which the Company agreed to repurchase, directly from the Selling Stockholder, 5,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”), for an aggregate purchase price of approximately $2.9 million (the “ Repurchase ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855457/000119312523293047/0001193125-23-293047-index.htm

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