KORE receives NYSE delisting notice for low market cap and equity below $50M

KORE Group Holdings, Inc.

NYSE notified KORE on Sept 12, 2024, that average global market cap <$50M and stockholders' equity <$50M over 30 days.
KORE must submit a compliance plan by Oct 27, 2024; NYSE has 45 days to review.
If plan accepted, KORE gets 18-month cure period with quarterly monitoring; stock continues trading.
Notice has no immediate impact on listing, business operations, or SEC reporting requirements.
Failure to regain compliance may lead to suspension and delisting procedures.

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