SCHEDULE: KORE Group Holdings Merger Completed, Shares Delisted

KORE Group Holdings, Inc. announces the consummation of its merger, with shares to be delisted from the NYSE and converted to cash.

Summary

• KORE Group Holdings, Inc. has completed its merger as of July 21, 2026.
• The company will continue as the surviving corporation.
• Prior shareholders, including ABRY Partners VII, L.P. and ABRY Partners VII Co-Investment Fund, L.P., contributed their shares to Parent in exchange for interests in Parent.
• Shares of Common Stock not held by Parent were cancelled and converted into the right to receive $9.25 per share in cash, subject to withholding taxes.
• Following the merger, Parent owns all outstanding common stock of the surviving corporation.
• The reporting persons, including ABRY entities and individuals, no longer beneficially own any shares of KORE Group Holdings.
• The Common Stock was suspended from trading on the New York Stock Exchange (NYSE) on July 21, 2026.
• NYSE has filed a Form 25 to delist and deregister the Common Stock from NYSE.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting on the completion of a merger and subsequent delisting, with a clear cash payout for shareholders.

Positives

• Shareholders are set to receive $9.25 per share in cash, providing a definitive exit value.
• The merger's completion signifies a resolution for the company's public trading status.

Negatives

• The company's common stock will no longer be publicly traded on the NYSE.
• Shareholders who did not participate in the rollover will receive cash, ending their equity participation in the company.

Risks

• Potential for applicable withholding taxes on the cash received by shareholders.
• The delisting from NYSE may impact liquidity and future investment opportunities for former shareholders.

Future Outlook

The company will continue as the surviving corporation under new ownership structure, with all outstanding common stock now held by Parent. The common stock will no longer be publicly traded.

Industry Context

StockSavvy.ai notes that the delisting of KORE Group Holdings from the NYSE following a merger is a common outcome in the technology and software sectors, often driven by private equity buyouts or strategic acquisitions aimed at restructuring or taking a company private.

Stakeholder Impact

• Shareholders: Will receive $9.25 per share in cash, ending their equity ownership and public trading of their shares.
• Creditors: The impact on creditors is not detailed, but the change in ownership structure may affect future credit arrangements.
• Employees: The filing does not specify the impact on employees, but the new ownership structure may lead to changes in employment terms or roles.

Next Steps

• The Common Stock will no longer be listed on NYSE.
• Shareholders will receive $9.25 per share in cash, subject to withholding taxes.

Key Dates

Keywords

KORE Group Holdings, Merger, Schedule 13D, SEC Filing, Delisting, NYSE, ABRY Partners, Cash Out