KORE Group Holdings, Inc. (KORE): Nasdaq/NYSE listing notice — NYSE to delist KORE warrants for abnormally low price; common stock unaffected

KORE Group Holdings, Inc.

NYSE commenced delisting proceedings for KORE warrants (KORE.WS), suspended trading immediately.
Warrants deemed unsuitable due to abnormally low price levels per NYSE Section 802.01D.
KORE will not appeal; delisting expected after SEC procedures complete.
Common stock (KORE) continues trading on NYSE; business operations and SEC reporting unaffected.
Each warrant exercisable for one share at $11.50; no impact on common equity holders.

item 3.01 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 delisting notice notice regarding other (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Rules: 802.01D

Exact text from the filing

December 6, 2023, KORE Group Holdings, Inc. (the “Company” or “KORE”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company’s warrants to purchase common stock (the “Warrants”) are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual, and that the NYSE Regulation has determined to commence proceedings to delist the Warrants. Each Warrant is presently exercisable for one share of the Company’s common stock at an exercise price per share of $11.50, ticker symbol “KORE.WS”. To e

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Source: SEC EDGAR

accession 0001855457-23-000052

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