secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001855457-23-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORE repurchases 5M shares for $2.9M from Twilio; funds buyback with preferred and warrants
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- Repurchased 5,000,000 common shares from Twilio for ~$2.9 million; shares held in treasury.
- Issued 2,857 shares of Series A-1 Preferred at $1,000/share + warrant for 224,711 common shares ($0.01 strike) to Searchlight to fund repurchase.
- Amended existing warrant to cap conversion at 19.9% of pre-Nov. 9 shares unless stockholder approval obtained.
- Entered voting agreement with Abry entities to vote in favor of stockholder approval at next annual meeting.
- After repurchase, shares outstanding were 82,380,381 as of December 13, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000056/0001855457-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000056/kore-20231213.htm
  HTML page:      https://secwatch.observer/filing/0001855457-23-000056

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