SCHEDULE 13G: Goldman Sachs Discloses 5.5% Passive Stake in KORE Group Holdings
Beneficial Ownership Disclosure
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have disclosed a 5.5% beneficial ownership stake in KORE Group Holdings, Inc., held for ordinary business purposes.
Summary
- The Goldman Sachs Group, Inc. and its subsidiary, Goldman Sachs & Co. LLC, have jointly filed a Schedule 13G, reporting beneficial ownership in KORE Group Holdings, Inc.
- As of March 31, 2025, the reporting persons collectively beneficially own 943,160 shares of KORE Group Holdings, Inc.'s Common Stock, par value $0.0001 per share.
- This ownership represents 5.5% of the total class of securities.
- Both The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC hold shared voting power and shared dispositive power over all 943,160 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by a major financial institution in a publicly traded company. It does not provide specific insights into broader industry trends but indicates institutional interest in the IoT solutions sector where KORE Group Holdings operates.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor holding a passive stake may be viewed positively as a sign of institutional confidence, but does not imply active management involvement or strategic changes.
Key Dates
| Date | Description |
|---|---|
| 2023-12-01 | Superseded Power of Attorney granted by Goldman Sachs & Co. LLC to various attorneys-in-fact. |
| 2024-02-09 | Superseded Power of Attorney granted by The Goldman Sachs Group, Inc. to various attorneys-in-fact. |
| 2024-07-29 | Date of execution for the Power of Attorney by The Goldman Sachs Group, Inc., effective until July 29, 2025. |
| 2024-10-01 | Date of execution for the Power of Attorney by Goldman Sachs & Co. LLC, effective until October 1, 2025. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-04-02 | Date of signature for the Schedule 13G filing by both The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, and date of the Joint Filing Agreement. |
Keywords
KORE Group Holdings, Goldman Sachs, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Passive Investment
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