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. (紐交所:KORE)（"KORE"或"公司"），全球純粹物聯網（"物聯網"）超大規模和物聯網連接、解決方案及分析的提供商，今天宣佈已收到來自紐約證券交易所（"紐交所"）的通知（"接收信"），紐交所已接受公司之前提交的計劃（"計劃"），以重新滿足紐交所《上市公司手冊》第8020節中關於最低市值和股東權益的持續上市標準。在接收信中，紐交所給予公司一個從2024年9月12日開始的18個月期限（"計劃期間"），以重新符合持續上市標準。作爲計劃的一部分，公司需定期向紐交所提供關於其推進計劃中目標和舉措的季度更新。在計劃中，KORE列出了之前報告的運營重組活動的細節，以及對公司業務的前景展望。