SCHEDULE: KORE Group Holdings: Searchlight Extends 'Holiday Period'

Searchlight IV KOR, L.P. and KORE Group Holdings, Inc. amended their August 1 Agreement to extend the 'Holiday Period' until February 15, 2026.

Summary

• Searchlight IV KOR, L.P. and its affiliates beneficially own 2,404,942 shares of KORE Group Holdings, Inc. common stock, representing 13.7% of the outstanding class.
• This ownership is derived from warrants to purchase common stock at an exercise price of $0.05 per share, issued on November 9, 2023 (2,360,000 shares) and December 13, 2023 (44,942 shares).
• The share count reflects the Issuer's 1-for-5 reverse stock split that became effective on July 1, 2024.
• The percentage of class is calculated based on 17,539,937 shares outstanding as of November 10, 2025, as reported in the Issuer's Form 10-Q filed on November 12, 2025.
• The primary purpose of this Amendment No. 6 is to disclose an amendment to the August 1, 2025 agreement between KORE Group Holdings, Inc. and Searchlight IV KOR, L.P., extending the 'Holiday Period' to February 15, 2026.

Sentiment

Score: 5

Explanation: Neutral. The filing is a routine amendment to a Schedule 13D, primarily disclosing an extension of a 'Holiday Period' in an existing agreement. Without further context on the 'Holiday Period' or the August 1 Agreement, it is difficult to ascertain a positive or negative sentiment. It reflects ongoing engagement between a significant shareholder and the company.

Future Outlook

The extension of the 'Holiday Period' to February 15, 2026, indicates that certain actions or negotiations related to the August 1 Agreement are ongoing and will continue until at least that date.

Industry Context

This filing is a routine amendment to a Schedule 13D, primarily concerning a significant shareholder's beneficial ownership and an amendment to an existing agreement. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Amendment to the August 1 Agreement between KORE Group Holdings, Inc. and Searchlight IV KOR, L.P., extending the 'Holiday Period' to February 15, 2026. Searchlight IV KOR, L.P. is a significant beneficial owner of the Issuer.

Stakeholder Impact

• Shareholders: The extension of the 'Holiday Period' could impact the timing of certain strategic decisions or transactions related to the August 1 Agreement, potentially affecting shareholder value depending on the nature of that agreement. The continued beneficial ownership by Searchlight IV KOR, L.P. at 13.7% indicates a significant institutional investor's ongoing stake.

Next Steps

• The 'Holiday Period' under the August 1 Agreement is now extended until February 15, 2026, implying continued discussions or actions related to that agreement.

Key Dates

Recommendation

This filing is an administrative update to a Schedule 13D, primarily extending a 'Holiday Period' in an existing agreement between KORE Group Holdings and a significant investor, Searchlight IV KOR, L.P. It does not contain new financial results, strategic shifts, or material operational updates that would warrant a change in investment posture. The extension itself is neutral without further context on the 'Holiday Period's' implications. Therefore, a 'hold' recommendation is appropriate as investors await further clarity on the underlying agreement and the company's broader performance.

Keywords

KORE Group Holdings, Searchlight IV KOR, Schedule 13D/A, Warrants, Beneficial Ownership, Reverse Stock Split, Investment Agreement, Shareholder, IoT