other material
confidence high
sentiment neutral
materiality 0.60
KORE Group Holdings approves 1-for-5 reverse stock split effective July 1, 2024
KORE Group Holdings, Inc.
- Ratio is 1-for-5; every five pre-split shares become one post-split share.
- Split effective at 12:01 a.m. ET on July 1, 2024; trading on NYSE under symbol KORE.
- Goal: raise per-share price to meet NYSE minimum listing requirement.
- No fractional shares; holders entitled to fractional shares receive rounded-up whole share.
- Stockholders approved the split at annual meeting on June 12, 2024.