KORE Receives Non-Binding Letter for Acquisition of Common Stock at $5.00 Per Share

KORE Group Holdings received a non-binding letter from Searchlight Capital Partners and Abry Partners to acquire all outstanding common stock for $5.00 per share. The Board formed a special committee to review and negotiate the proposal. Rothschild & Co is acting as financial advisor, and Richards, Layton & Finger, P.A. is acting as legal counsel. The company does not expect to make further public comment unless a specific transaction is approved.