secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001855457-24-000068
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000068/0001855457-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000068/kore-20240912.htm
  HTML page:      https://secwatch.observer/filing/0001855457-24-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer