secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001855457-23-000030
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORE receives NYSE non-compliance notice for average closing price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000030/0001855457-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000030/kore-20230905.htm
  HTML page:      https://secwatch.observer/filing/0001855457-23-000030

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