KORE Group Holdings, Inc. (KORE): Nasdaq/NYSE listing notice — KORE receives NYSE non-compliance notice for average closing price below $1.00

KORE Group Holdings, Inc.

NYSE notified KORE on Sept 5, 2023 that average closing price of common stock was below $1.00 over prior 30 trading days as of Aug 30, 2023.
KORE has six months from receipt to regain compliance: closing price ≥ $1.00 with 30-day average of $1.00 on last trading day of any month.
No immediate delisting; KORE intends to notify NYSE of cure plan within 10 business days and consider alternatives to cure.
Non-compliance does not affect business operations or SEC reporting obligations.
Common stock and warrants continue to trade on NYSE during cure period subject to other listing standards.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

KORE Group Holdings, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

September 5, 2023, KORE Group Holdings, Inc., a Delaware corporation (“ KORE ”), received notice (the “ Notice ”) that as of August 30, 2023, it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“ Section 802.01C ”) because the average closing price of KORE’s Common Stock, $0.0001 par value per share (“ Common Stock ”) was less than $1.00 per share over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Common Stock on the NYSE, subject to KORE’s compliance with the NYSE’s other

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001855457-23-000030

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