KORE Group Holdings, Inc. (KORE) will merge with KONA Merger Sub Co., a wholly-owned subsidiary of KONA Parent, L.P., becoming a privately-held company. Common stockholders will receive $9.25 per share in cash, representing a 691% premium to the closing price on December 18, 2024, and a 132% premium to the closing price on November 3, 2025. The total transaction is valued at approximately $726 million. Abry Partners, an existing beneficial owner of approximately 28% of KORE's common stock, and Searchlight Capital Partners, holder of all Series A-1 preferred stock (with a $275 million liquidation preference) and warrants for approximately 14% of common stock, are the acquiring entities. The merger agreement was unanimously approved by KORE's Board of Directors, acting upon the unanimous recommendation of a Special Committee of independent directors. Closing is subject to approval by a majority of outstanding common stock, a majority of votes cast by disinterested stockholders, and regulatory approvals including HSR Act and CFIUS clearance. Certain major stockholders, including Cerberus Telecom Acquisition Holdings, LLC (8% common stock), Searchlight, and Abry, have entered into voting and support agreements, with Searchlight and Abry also entering into rollover agreements. Searchlight and Abry have committed $175 million in equity financing, and the merger is not subject to a financing condition. KORE's common stock is expected to be delisted from the NYSE and public warrants from the OTC Pink Marketplace after the merger closes. Continuing employees will receive no less than their current base salary/wage, comparable short-term cash incentive opportunities, and substantially comparable aggregate employee benefits for one year post-closing.