Kore Group Holdings Inc

:CTAC   3:56:38 PM EDT
6.46
-0.09 (-1.37%)
Debt Financing / Related, Officer Changes, Exchange Changes

KORE To List On NYSE Through Merger With Cerberus Telecom Acquisition Corp

Published: 03/12/2021 21:44 GMT
(CTAC) - Kore to List on Nyse Through Merger With Cerberus Telecom Acquisition Corp.
Cerberus Telecom Acquisition Corp - Transaction Reflects Pro-forma Enterprise Value of the Combined Company of Approximately $1.014 Billion.
Cerberus Telecom Acquisition - Existing Majority Shareholder Abry Partners Has Agreed to Roll 100% of Its Common Equity Into the Combined Company.
Cerberus Telecom Acquisition Corp - Transaction Will Provide Approximately $484 Million of Gross Cash Proceeds at the $10.00 per Share Pipe Price.
Cerberus Telecom Acquisition Corp - Romil Bahl Will Continue to Lead Kore As President & CEO Following the Completion of the Transaction.
Cerberus Telecom - Proceeds Include Upsized $225 Million Pipe, Anchored by Koch Strategic Platforms, Llc, and Funds and Accounts Managed by Blackrock.
Cerberus Telecom Acquisition Corp - Combined Company Expects to Be Listed on the New York Stock Exchange Under the Ticker Symbol “kore".