NEWS
KORE to Effect a Reverse Stock Split July 1,2024
KORE Group Holdings announced a 1-for-5 reverse stock split of its common stock, effective July 1, 2024. The primary goal is to increase the share price to meet NYSE's minimum requirements. The stock symbol 'KORE' and new CUSIP 50066V 305 will be used. The reverse split was approved by the Board and shareholders on June 21, 2024, and June 12, 2024, respectively. No fractional shares will be issued; fractional entitlements will be rounded up to the next whole share. Proportionate adjustments will be made to exercise prices and equity awards. Continental Stock Transfer & Trust will handle the exchange, and no action is required by stockholders holding shares electronically or through brokers.
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