KORE Announces NYSE Granted The Company An 18-Month Period From September 12, 2024 To Regain Compliance With The Continued Listing Standards
KORE Announces NYSE Granted The Company An 18-Month Period From September 12, 2024 To Regain Compliance With The Continued Listing Standards
KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business.
KORE Group Holdings, Inc. (纽交所:KORE)（"KORE"或"公司"），全球纯粹物联网（"物联网"）超大规模和物联网连接、解决方案及分析的提供商，今天宣布已收到来自纽约证券交易所（"纽交所"）的通知（"接收信"），纽交所已接受公司之前提交的计划（"计划"），以重新满足纽交所《上市公司手册》第8020节中关于最低市值和股东权益的持续上市标准。在接收信中，纽交所给予公司一个从2024年9月12日开始的18个月期限（"计划期间"），以重新符合持续上市标准。作为计划的一部分，公司需定期向纽交所提供关于其推进计划中目标和举措的季度更新。在计划中，KORE列出了之前报告的运营重组活动的细节，以及对公司业务的前景展望。
