secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001855457-23-000052
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE to delist KORE warrants for abnormally low price; common stock unaffected
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000052/0001855457-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000052/kore-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001855457-23-000052

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