other material
confidence high
sentiment neutral
materiality 0.50
KORE shareholders approve reverse stock split at ratio up to 1-for-10
KORE Group Holdings, Inc.
- Shareholders elected Robert P. MacInnis and Jay M. Grossman as Class III directors to 2027.
- Reverse stock split approved with ratio range of 1-for-4 to 1-for-10; board has discretion to set exact ratio.
- Proposal to issue common stock upon exercise of Nov/Dec 2023 warrants also approved.
- Ratification of BDO USA as independent auditor for FY 2024 passed.
- Approximately 50.1M shares (60% of 83.2M outstanding) represented at meeting.