Highest-materiality recent filing
KORE Group Holdings acquired by Searchlight and Abry for $9.25/share; stock delisted
Merger closed July 21, 2026; shareholders received $9.25 per share in cash.
Two complaints filed June 24, 2026 in NY Supreme Court alleging false/misleading proxy statement for merger with Searchlight affiliates.
KORE Q1 2026 revenue $65.8M; net loss $28.5M; adjusted EBITDA $15.4M; FCF positive $2.7M
Revenue $65.8M (-9% YoY); IoT Connectivity up $2.3M to $56.2M, IoT Solutions down $8.6M.
KORE Q4 revenue flat at $73.9M; net loss improved 27%; full year Adj. EBITDA up 19%
Q4 revenue $73.9M (flat YoY); net loss improved 27% to $18.5M; Adj. EBITDA $17.7M (+26% YoY).
KORE Group obtains rollover agreements from three stockholders supporting $9.25/share merger
Dotmar Investments, Richard Burston, and Terrdian Holdings enter rollover agreements to contribute shares to Parent.
KORE regains NYSE listing compliance on minimum market cap and equity standards
Received NYSE notification on March 12, 2026 that it cured the quantitative continued listing deficiency.
KORE Group to be acquired by Searchlight affiliate for $9.25 per share
Merger consideration: $9.25 per share in cash to common stockholders; Series A-1 preferred (liquidation preference ~$275M) remains outstanding.
KORE board forms special committee for strategic transaction; approves $3.2M retention awards
Special Committee approved retention awards totaling ~$3.2M for key employees including named executive officers.
Revenue $68.7M flat YoY; Net loss -$12.7M (improved 35% from -$19.4M); Adj EBITDA $14.5M (+12% YoY).
KORE receives non-binding $5.00/share acquisition offer from Searchlight and Abry
Searchlight and Abry propose to acquire all outstanding KORE shares not already owned for $5.00 cash per share.
KORE Q2 revenue $71.3M (+5% YoY), Adj EBITDA $16.7M (+46%), net loss improves 80%
Revenue of $71.3M, up 5% from $67.9M in Q2 2024; IoT Solutions revenue grew 26% to $15.2M.
KORE Group elects four Class I directors; ratifies BDO USA as auditor
Directors elected: Donahue (8.1M for, 277k withheld), Bo-Linn (7.9M), Frey (8.1M), Geisler (6.6M).
KORE appoints Anthony Bellomo as CFO; Paul Holtz departs as CFO effective May 30, 2025
Paul Holtz departed as EVP, CFO & Treasurer effective May 30, 2025; will remain advisor through June 30.
KORE posts Q1 2025 revenue down 5% YoY, FCF positive; guides FY2025 EBITDA up ~19%
Q1 revenue $72.1M (-5.1% YoY); connectivity $53.9M (-6.9%), solutions $18.2M (+0.7%).
KORE Q1 revenue down 5% YoY to $72.1M; connections up 8% to 19.8M, FCF positive $0.6M
Revenue $72.1M (-5% YoY); IoT Connectivity $53.9M (-7%), IoT Solutions $18.2M (+1%).
KORE Group regains NYSE compliance after filing delinquent 10-K
Filed 10-K for fiscal year 2024 on April 30, 2025, curing the late filing.
KORE FY2024 rev $286.1M (+3.4%); IoT Connectivity up 12%; guided FY2025 rev $288-298M
FY2024 revenue $286.1M (+3.4% YoY); IoT Connectivity $226.9M (+12% YoY); IoT Solutions $59.2M (-20% YoY).
KORE receives NYSE delisting notice for late 10-K filing; expects to file by Apr 30
Received NYSE notice of non-compliance for failure to timely file FY 2024 Form 10-K.
KORE Group CRO Jason Dietrich departs Jan 31; Jared Deith named successor
Jason Dietrich departs as EVP and Chief Revenue Officer effective Jan 31, 2025, part of organizational redesign.
KORE Q3 revenue up 0.4% to $68.9M; net loss narrows 80%; guidance tightened
Q3 revenue $68.9M, up 0.4% YoY; IoT Connectivity grew 3% to $56.7M, Solutions down 9% to $12.2M.
KORE Group restates Q2 2024, delays Q3 earnings; net loss to increase ~$19M
Non-reliance on Q2 2024 financials due to goodwill impairment miscalculation; net loss to increase ~$19M.
KORE receives NYSE delisting notice for low market cap and equity below $50M
NYSE notified KORE on Sept 12, 2024, that average global market cap <$50M and stockholders' equity <$50M over 30 days.
Revenue $67.9M (-2% YoY); IoT Connectivity +16% to $55.8M, IoT Solutions -43% to $12.1M.
KORE appoints Bruce Gordon as EVP & COO; $300k salary, 100k RSUs, $200k cash award
Bruce Gordon named EVP & COO effective July 2, 2024; reports to Interim CEO Ron Totton.
KORE Group Holdings announces 1-for-5 reverse stock split effective July 1, 2024
Board approved 1-for-5 reverse split on June 20, 2024; effective July 1, 2024 at 12:01 a.m. ET.
KORE Group Holdings approves 1-for-5 reverse stock split effective July 1, 2024
Ratio is 1-for-5; every five pre-split shares become one post-split share.
KORE shareholders approve reverse stock split at ratio up to 1-for-10
Shareholders elected Robert P. MacInnis and Jay M. Grossman as Class III directors to 2027.
KORE Q1 revenue up 15.2% to $76.0M; net loss narrows; reaffirms FY guidance
Revenue $76.0M (+15.2% YoY); IoT Connectivity $57.9M (+33% YoY, organic +11%).
KORE CEO Romil Bahl steps down; Ronald Totton named interim CEO effective May 3
Romil Bahl to step down as President and CEO effective May 3, 2024 by mutual agreement with Board; no disagreement over operations.
KORE corrects FY2022 revenue, Q4 2023 Adj. EBITDA; guides FY2024 revenue $300-305M
Corrected FY2022 revenue and Q4 2023 Adjusted EBITDA due to clerical errors; no other changes.
KORE Q4 revenue $72.4M, net loss $33.7M; guides 2024 rev $300-305M, Adj EBITDA $64-66M
Q4 revenue $72.4M (+16% YoY); net loss $33.7M (improved 52% YoY).
KORE Group enters retention agreements with six officers after 2023 incentive miss
CEO Romil Bahl receives $196,875 retention bonus; CFO Paul Holtz receives CAD$106,769.
KORE repurchases 5M shares for $2.9M from Twilio; funds buyback with preferred and warrants
Repurchased 5,000,000 common shares from Twilio for ~$2.9 million; shares held in treasury.
KORE repurchases 5M shares from Twilio at ~$0.57/share, aggregate $2.9M
Repurchases 5,000,000 shares of common stock from Twilio Inc. at $0.5713 per share, total ~$2.9 million.
NYSE to delist KORE warrants for abnormally low price; common stock unaffected
NYSE commenced delisting proceedings for KORE warrants (KORE.WS), suspended trading immediately.
KORE Group posts investor presentation; no specific financial updates provided
Presentation made available on company website on December 1, 2023.
KORE closes $150M Searchlight investment and $185M term loan, reducing debt by ~$120M
$150M strategic investment from Searchlight in preferred stock (13% dividend, 10yr) and penny warrants for 11.8M shares.
Q3 revenue $68.6M, up from $66.1M YoY; IoT Connectivity revenue grew 27%, organic high single digits.
KORE receives NYSE non-compliance notice for average closing price below $1.00
NYSE notified KORE on Sept 5, 2023 that average closing price of common stock was below $1.00 over prior 30 trading days as of Aug 30, 2023.
KORE Group appoints Jay M. Grossman as director following Tomer Yosef-Or resignation
Tomer Yosef-Or resigned from KORE Board on Aug 17, 2023; no disagreement with company.
KORE Q2 revenue $69.5M, net loss $19.5M; maintains FY2023 guidance
Revenue $69.5M, down 2% YoY; IoT Connectivity up 8% to $48.3M, IoT Solutions down 19% to $21.3M.
KORE Group stockholders elect three Class II directors and ratify auditor at 2023 annual meeting
Class II directors elected: Michael K. Palmer (42.2M for), Mark Neporent (41.3M for), H. Paulett Eberhart (46.5M for).
KORE amends CEO Romil Bahl's RSU awards; 171,761 stock price RSUs vest immediately
Amendment to CEO Romil Bahl's RSU agreements effective June 9, 2023, modifying vesting schedules.
KORE names Jason Dietrich as EVP & Chief Revenue Officer; salary $400k, target bonus 75%
Jason Dietrich appointed to newly created role of EVP & Chief Revenue Officer effective June 12, 2023.
KORE closes acquisition of Twilio's IoT business; issues 10M shares
Transaction closed on June 1, 2023; KORE issued 10 million shares of common stock to Twilio as consideration.
KORE Q1 revenue $66.0M beats expectations; reaffirms FY 2023 revenue $300-310M guidance
Q1 revenue $66.0M, down 4.4% YoY but up 5.7% sequentially; net loss $18.5M ($0.24/share).
KORE Group receives NYSE delisting notice for late 10-K, then files 10-K on April 7
NYSE notified KORE on April 3, 2023 of non-compliance due to failure to file 2022 Form 10-K on time.
KORE delays 10-K filing; discovers prior period tax misstatements; revenue/EBITDA unchanged
KORE delays 2022 10-K filing; expects to file by April 7, 2023.
KORE to acquire Twilio IoT business unit for up to 10M shares (~$28M value)
KORE agrees to acquire Twilio's IoT business; consideration of up to 10M shares of KORE common stock.
KORE reports Q4 revenue $62.4M, net loss $68.8M; FY23 guidance $300-310M
Q4 revenue $62.4M (-3.1% YoY); full-year $268.4M (+8.1% YoY), beating raised guidance of $265-267M.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
each member of the Company’s board of directors resigned from and ceased serving on the Company’s board of directors and any and all committees thereof.
on May 28, 2025, the Company informed Paul Holtz, the Company’s former Executive Vice President, Chief Financial Officer & Treasurer, that he would depart from such role and as an executive officer of the Company effective May 30, 2025.
Effective June 2, 2025, KORE Group Holdings, Inc. (the “Company”) appointed Anthony Bellomo as Executive Vice President, Chief Financial Officer & Treasurer of the Company.
Max materiality 1.00 · Median 0.65 · Most common event earnings