KORE GROUP HOLDINGS, INC. . The Company's well-established base of 3,600 customers worldwide, and its innovative IP and technology stack, provide a strong moat around its business. These statements are based on various assumptions and on the current expectations of CTAC or KORE's management. "I am thrilled to celebrate this milestone on the KORE journey and reflect on how far we have come since we launched our transformation almost three years ago," said KORE President and CEO Romil Bahl. 2021 and September 21, 2021 (the "Merger Agreement"), by and among Cerberus Telecom Acquisition Corp. ("CTAC"), King Pubco, Inc. ("KORE"), a Delaware corporation and wholly owned subsidiary of Cerberus Telecom Acquisition Holdings, LLC (the "Sponsor"), an affiliate of CTAC, King Corp Merger Sub, Inc . We help eliminate the time-consuming need to identify, evaluate, contract, and manage multiple network connectivity providers, equipment manufacturers, and professional services organizations as you build out your IoT . Cerberus has a dedicated focus on next-generation technologies and telecommunication solutions. NEW YORK- ( BUSINESS WIRE )-Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, NYSE: CTAC, NYSE: CTAC WS) (" CTAC ") today announced that the Extraordinary Special Meeting (" Special Meeting ") of its shareholders has been rescheduled to occur at 10:00 a.m. on Wednesday, September 29, 2021. "I am thrilled to celebrate this milestone on the KORE journey and reflect on how far we have come since we launched our transformation almost three years ago," said KORE President and CEO Romil Bahl. Kore Wireless Group Inc. Business Services. The proxy statement and any supplements thereto are available in the Documents section of the CTAC website and on the SEC website at http://www.sec.gov. KORE Wireless Group Inc. completed the acquisition of Cerberus Telecom KORE to List on NYSE through Merger with Cerberus Telecom Acquisition Corp. KORE Hosts Investor Webcast in Connection with its Previously Announced Combination with Cerberus Telecom Acquisition Corp. Cerberus Telecom Acquisition Corp. ATLANTA, Aug. 23, 2021 /PRNewswire/ -- KORE, a global leader in Internet of Things ("IoT") solutions and worldwide IoT Connectivity-as-a-Service ("IoT CaaS"), today reported financial and . Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. PDF Investor Presentation Transcript CTAC, KORE and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of CTAC, in favor of the approval of the merger. Many actual events and circumstances are beyond the control of CTAC and/or KORE. For more information about our people and platforms, visit us at www.cerberus.com.ContactsMediamedia@cerberusacquisition.comInvestorsinfo@cerberusacquisition.com, Important Information and Where to Find It. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; changes in the assumptions underlying KORE's expectations regarding its future business; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. The transaction is expected to provide approximately $484 million in cash to the combined company, assuming no redemptions by the SPAC's Cerberus Telecom Acquisition Corp. KORE to List on NYSE through Merger with Cerberus Telecom Acquisition Powered by an IP portfolio and IoT platform, Kore delivers mission-critical IoT enterprise and CaaS services to more than 3600 customers worldwide. Governance. During the past week, CTAC has secured additional sources of liquidity of up to $65 million for the post-closing public company. KORE to List on NYSE through Merger with Cerberus - KORE Wireless A list of CTAC shareholders entitled to vote at the Special Meeting will be open to the examination of any CTAC shareholder, for any purpose germane to the Special Meeting, during regular business hours for a period of 10 calendar days before the Special Meeting. NEW YORK, Sept. 16, 2021 /PRNewswire/ -- Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U) (NYSE: CTAC) (NYSE: CTAC WS) ("CTAC") today announced that the Extraordinary Special Meeting ("Special. However, while KORE and/or CTAC may elect to update these forward-looking statements at some point in the future, each of KORE and CTAC specifically disclaims any obligation to do so. Adds transaction details. CTAC is a blank check company formed by an affiliate of Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing. KORE IoT technologies provide meaningful services to society and the planet. NEW YORK: KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have entered into a definitive merger agreement, a news release said. These statements are based on various assumptions and on the current expectations of CTAC or KOREs management. We have full confidence in the KORE management teams ability to execute on their strategy to drive growth and sustained returns.. These forward-looking statements should not be relied upon as representing KOREs assessments as of any date subsequent to the date of this press release. Cerberus raised The deal is expected to provide approximately$100 millionof cash proceeds after expenses. Reminder: Cerberus Telecom Acquisition Corp. (CTAC) & KORE Wireless: Live Q&A - May 19th, 1:00PM. Cerberus Telecom Acquisition Corp. NEW YORK, Sept. 16, 2021 /PRNewswire/ -- Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U) (NYSE: CTAC) (NYSE: CTAC WS) ("CTAC") today announced that the Extraordinary Special Meeting ("Special Meeting") of its shareholders, originally scheduled for Thursday, September 16, 2021, is being postponed to 10:00 a.m., Wednesday, September 22, 2021. Free copies of these documents may be obtained as described above. Read more. The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. We believe that the incremental commitments from our partners at Abry and Fortress evidence the confidence of two of CTACs largest stakeholders. Under the terms of the agreement, CTAC shareholders are expected to own 28.7% of the combined company. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Transaction positions KORE to further its global leadership position in mission-critical Internet of Things solutions and global connectivity, leveraging key technology trends such as 5G, eSIM and. Under this partnership, the companies plan to offer a broad portfolio of wireless IoT sensors, gateways, and services that deliver wireless connectivity in remote or hard-to-reach locations.. KORE President and CEO Romil Bahl. Members of the KORE leadership team include public company executives with a track record of vision, strategy, leadership and execution. Its team of technologists and network of advisors collaborate across its investment and operating platforms to identify opportunities and manage investments in critical IoT, edge computing, artificial intelligence, private wireless networks, network equipment, autonomy, aerospace, and ecosystem development. ATLANTA, Oct. 1, 2021 /PRNewswire/ --KORE Group Holdings, Inc., (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group, Inc. ("KORE Wireless") and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) ("CTAC"). KORE Debuts on NYSE After Closing Merger with Cerberus Telecom Cerberus Telecom Acquisition Corp. Announces Change of Special Meeting Date: Wednesday, May 19th atlanta & new york-- ( business wire )--kore wireless group, inc. ("kore" or the "company"), a global leader in internet of things ("iot") solutions and worldwide connectivity-as-a-service. For background, CTAC and kore signed a non-binding letter of intent of Christmas Eve of 2020 and signed a merger agreement, announced the CLICK to Register. Cerberus tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors. CTAC and King Pubco, Inc. ("Pubco") filed a registration statement on Form S-4 with the SEC, which includes a proxy statement of CTAC and a prospectus of Pubco, and CTAC will file other documents regarding the proposed transaction with the SEC. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations. Cerberus has one of the most experienced and long-tenured leadership teams in our industry. Telephony & Wireless. Top Competitors of KORE. For more information, visit www.cerberusacquisition.com. Romil is the CEO. This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. NEW YORK-- ( BUSINESS WIRE )--Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, NYSE: CTAC, NYSE: CTAC WS) (" CTAC ") today announced that the Extraordinary Special Meeting (" Special Meeting "). For more information about our people and platforms, visit Cerberus at www.cerberus.com. Cerberus Telecom Acquisition Corp. Media Andrew Cole/Dave Millar/Brooke Jaye Sard Verbinnen & Co. CTAC-SVC@sardverb.com OR media@cerberusacquisition.com Investors info@cerberusacquisition.com KORE Media Jean Creech Avent jcreechavent@korewireless.com 843-986-8229 Investors Matt Glover and Cody Slach Gateway Group, Inc. KORE@gatewayir.com Cerberus Again Postpones Vote on KORE Wireless Deal After Cash Scramble Cerberus Telecom Acquisition Corp. Announces New Date for - Yahoo! Files Registration Statement on Form S-4 as Part of Proposed Combination with KORE Wireless, a global leader in IoT Filing details KORE financials for current . Leadership - Cerberus Capital Management Stay informed on the latest daily SPAC news. KORE Debuts on NYSE After Closing Merger with Cerberus Telecom SEC Filings. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. For example, the Company recently teamed with Australian-based SwoopAero to enable drones to deliver COVID-19 vaccines and other critical medical supplies to people in rural locales, such as Malawi, Democratic Republic of Congo, and the Shetland Islands of Scotland. KORE Debuts on NYSE After Closing Merger with Cerberus Telecom KORE Debuts on NYSE After Closing Merger with Cerberus - Insider This press release references the proposed merger transaction announced previously involving Cerberus Telecom Acquisition Corp. ("CTAC") and KORE. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. CTACs public shareholders have until 5:00 p.m. on Tuesday, September 28, 2021 to withdraw their redemptions. In addition, the documents filed by CTAC with the SEC may be obtained free of charge from CTAC's website at www.cerberusacquisition.comor upon written request to Cerberus Telecom Acquisition Corp., 875 Third Avenue, New York, NY 10022. Cerberus Telecom Acquisition today filed an S-4 outlining its proposed business cvombination with KORE Wireless Group, which is engaged in Internet of Things ("IoT") Solutions and worldwide Connectivity-as-a-Service ("CaaS"). Cerberus Telecom Acquisition Corp. (CTAC) & KORE . Contacts KORE Media and Investors Jean Creech Avent Vice President, Investor Relations and Public. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Kore Wireless Group Inc. has agreed to go public through a blank-check company backed by private equity firm Cerberus Capital Management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Cerberus invests across the capital structure where its integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. These statements are based on various assumptions and on the current expectations of CTAC or KORE's management. IoT firm Kore Wireless and Cerberus Telecom are to merge and will go public with a New York Stock Exchange listing. Kore Wireless to Go Public Via Cerberus SPAC Deal - Bloomberg NEW YORK (Sep. 22, 2021) Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, NYSE: CTAC, NYSE: CTAC WS) (CTAC) today announced that the Extraordinary Special Meeting (Special Meeting) of its shareholders has been rescheduled to occur at 10:00 a.m. on Wednesday, September 29, 2021. September 30, 2021 1 minute read After several false starts, scrambles for additional funding and two vote delays, Cerberus Telecom Acquisition disclosed today that its stockholders decided in favor of the merger with Kore Wireless. KORE Debuts on NYSE After Closing Merger with Cerberus Telecom Acquisition Corp. Inc., Inc. (NYSE: KORE, KORE WS) (KORE or the Company), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group, Inc. (KORE Wireless) and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) (CTAC). About CerberusFounded in 1992, Cerberus is a global leader in alternative investing with approximately $55 billion in assets across complementary credit, private equity, and real estate strategies. Cerberus Telecom Acquisition (KORE) (Delayed Data from NYSE) $3.12 USD. Cerberus has a dedicated focus on next-generation technologies and telecommunication solutions. KORE Debuts on NYSE After Closing Merger with Cerberus Telecom Cerberus Telecom Acquisition : KORE to List on NYSE through Merger with Pursuant to the Second Amendment, in order to increase the liquidity of the post-closing public company (Pubco) following completion of the business combination, certain preferred stockholders of the ultimate parent company of KORE (the Electing Holders) have elected to receive payment consisting of 4,000,000 shares of common stock of Pubco, par value $0.0001 per share (Pubco Common Stock), to be issued by Pubco at $10.00 per share, in lieu of receiving cash consideration in the aggregate amount of $40 million, which such Electing Holders otherwise would have been entitled to receive. With these additional sources of liquidity, KORE will start as a public company with over $100 million of post-closing liquidity available to it. Speakers. KORE Wireless Merging With Cerberus Telecom Acquisition at ~$1B Cerberus Telecom Acquisition Corp. Files Registration Statement on Form EDGAR Filing Repository - King Pubco, Inc. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. Mobile Virtual Network Cerberus Telecom Acquisition Shareholders Approve Kore Wireless Merger KORE - Overview, News & Competitors | ZoomInfo.com KORE Debuts on NYSE After Closing Merger with Cerberus Telecom - Yahoo! Founded nearly two decades ago, KORE has long been recognized as a pioneer and growth catalyst for the IoT industry. KORE Group Holdings, Inc.,, a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group, Inc. ("KORE Wireless") and Cerberus Telecom Acquisition Corp. The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Reminder: Cerberus Telecom (CTAC) & KORE: Live Q&A - SPACInsider News - Cerberus Telecom Acquisition Corp. TODAY: Cerberus Telecom (CTAC) & KORE - Live Q&A - SPACInsider Board Committees. All rights reserved. Founded in 1992, Cerberus is a global leader in alternative investing with approximately $55 billion in assets across complementary credit, private equity, and real estate strategies. For more information, visit www.cerberusacquisition.com. Cerberus Telecom (CTAC) Shareholders Approve KORE Deal - SPACInsider Cerberus Telecom Acquisition Corp. Files Registration Statement on Form Cerberus Telecom Acquisition Corp. (CTAC) & KORE will be holding a live presentation and Q&A Wednesday (tomorrow) at 1:00 p.m. (ET). Presentations. About CTACPrior to its merger with KORE, CTAC was a blank check company formed by an affiliate of Cerberus Capital Management, L.P. ("Cerberus"). Cerberus Telecom Acquisition Corp. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. Atlanta (Oct. 1, 2021) KORE Group Holdings, Inc., Inc. (NYSE: KORE, KORE WS) (KORE or the Company), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group, Inc. (KORE Wireless) and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) (CTAC). Documents. Dr. Bo-Linn is the Chief Executive Officer of Peritus Partners Inc., a global analytics and valuation accelerator company which provides strategy and operations expertise in information technology, cybersecurity resolution, financial structures, and digital marketing for various companies and has held this position since . The Special Meeting will take place in person at Ugland House, Grand Cayman, KY1-1104, Cayman Islands, and virtually via live webcast at 10:00 a.m. Eastern Time on September 29, 2021. Of note, former shareholders of KORE prior to the CTAC merger have rolled 100 percent of their common equity interests into the common stock of KORE Wireless, and several of the former preferred equity holders of KORE Wireless have elected to roll some of their proceeds into KORE common stock. The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. KORE Wireless Group and Cerberus Telecom Acquisition have entered into a definitive merger agreement. The deal with Cerberus Telecom Acquisition Corp.. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. KORE Debuts on NYSE After Closing Merger with Cerberus Telecom About CerberusFounded in 1992, Cerberus is a global leader in alternative investing with approximately $55 billion in assets across complementary credit, private equity, and real estate strategies. KORE Wireless Group has agreed to merge with Cerberus Telecom Acquisition (CTAC), a special purpose acquisition company, in a deal that values the combined company at about $1.014bn. KORE and CTAC anticipate that subsequent events and developments will cause these assessments to change. However, while KORE and/or CTAC may elect to update these forward-looking statements at some point in the future, each of KORE and CTAC specifically disclaims any obligation to do so. KORE and CTAC anticipate that subsequent events and developments will cause these assessments to change. KORE Careers - Jobvite Cerberus tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors. For more information, visit www.cerberusacquisition.com. Of note, former shareholders of KORE prior to the CTAC merger have rolled 100 percent of their common equity interests into the common stock of KORE Wireless, and several of the former preferred equity holders of KORE Wireless have elected to roll some of their proceeds into KORE common stock, Bahl said. Telecommunications. Copyright 2022 KORE Wireless All Rights Reserved. KORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. The funds will be made available by certain holders of preferred shares of the ultimate parent entity of KORE Wireless Group, electing to receive share consideration in lieu of $40 million of cash consideration, and by a commitment from Fortress Credit to provide up to $25 million in additional convertible debt financing. Cerberus Telecom Acquisition Corp. Published on March 13, 2021. Additionally, its strong relationships with telecom carriers and other connectivity bearers globally give the Company's IoT customers enhanced flexibility, reliability, and choice. KORE Wireless Group Inc. entered into a definitive merger agreement to The company provides Connectivity-as-a-Service; IoT . Based in Georgia, US, KORE Wireless is a wireless network data provider, engaged in offering internet of things (IoT) solutions and connectivity-as-a-service (CaaS). These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political, and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; changes in the assumptions underlying KORE's expectations regarding its future business; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. Upon completion, the combined company expects to list on the NYSE under KORE. Such additional liquidity will be made available by certain holders of preferred shares of the ultimate parent entity of KORE Wireless Group, Inc. (KORE) electing to receive share consideration in lieu of $40 million of cash consideration and by a commitment from Fortress Credit Corp. (Fortress) to provide up to $25 million in additional convertible debt financing, each as further described below. Cerberus Telecom Acquisition : CTAC and KORE amend Merger Agreement to Laird Connectivity and KORE Partner to Deliver Wireless Solutions and The natural attributes of our business, including the growth potential given the massive market tailwinds over the next decade, our revenue visibility, and recurring revenue, make for excellent public-company characteristics. KORE Wireless Group Inc said on Friday it has agreed to go public through a merger with blank-check firm Cerberus Telecom Acquisition Corp in a deal that values the combined company at a pro-forma . Bahl said, "Going public gives us the opportunity to unleash shareholder value creation, including inorganic growth through accretive tuck-in acquisitions that add to the Company's capabilities.". Founded nearly two decades ago, KORE has long been recognized as a pioneer and growth catalyst for the IoT industry. "From the beginning of my tenure here, I have personally believed that becoming a public company was an important next step in the evolution of this great company and team a step that will allow us to continue our goal of leading the industry as we enter the 'decade of IoT.' Kore and CTAC Investor Presentation - Cerberus Telecom Acquisition Corp. KORE and CTAC anticipate that subsequent events and developments will cause these assessments to change. Information regarding CTAC's and KORE's directors and executive officers and other persons who may be deemed participants in the transaction may be obtained by reading the registration statement and the proxy statement/prospectus and other relevant documents filed with the SEC when they become available. Many actual events and circumstances are beyond the control of CTAC and/or KORE.
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