secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001193125-23-293047
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000119312523293047/0001193125-23-293047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000119312523293047/d650447d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-293047

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