KORE receives non-binding $5.00/share acquisition offer from Searchlight and Abry

KORE Group Holdings, Inc.

Searchlight and Abry propose to acquire all outstanding KORE shares not already owned for $5.00 cash per share.
Special Committee of Board will evaluate and negotiate the unsolicited, non-binding letter.
Rothschild & Co appointed financial advisor; Richards, Layton & Finger legal counsel to Special Committee.
No assurance that the proposal will result in any transaction; no further comment until a deal is approved.

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