KORE

NYSE to Commence Delisting Proceedings with Respect to the Warrants of KORE Group Holdings, Inc. (KORE.WS)

Retrieved on: 
Wednesday, December 6, 2023
Other Professional Services, Professional Services, Finance, NYSE Listed Company Manual, New York Stock Exchange, NYSE, Security (finance), Warrant, KORE, Exchange, Committee

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of KORE Group Holdings, Inc. (the “Company”), each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share (the “Warrants”) — ticker symbol KORE.WS — from the NYSE.

Key Points: 
  • The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of KORE Group Holdings, Inc. (the “Company”), each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share (the “Warrants”) — ticker symbol KORE.WS — from the NYSE.
  • Trading in the Company’s Warrants will be suspended immediately.
  • Trading in the Company’s common stock — ticker symbol KORE — will continue on the NYSE.
  • NYSE Regulation has determined that the Company’s Warrants are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.

Driving Advanced Fan Insights: Philadelphia Union & KORE Expand Partnership

Retrieved on: 
Wednesday, December 13, 2023
Data management, Organization, Major League Soccer, Union, Salesforce, Philadelphia Union, KPI, Ecosystem, KORE, Partnership, DWA, Business, Business analytics, Sport, Retail, Philadelphia Union II

This advanced platform is designed to optimize the club's capacities and enhance overall understanding of fan dynamics.

Key Points: 
  • This advanced platform is designed to optimize the club's capacities and enhance overall understanding of fan dynamics.
  • The partnership highlights key items for both organizations: Philadelphia Union's commitment to driving the most advanced insights and processes, and KORE continuing to be the solution of choice for the industry.
  • Kyle Mathiot, Vice President of Business Analytics at the Philadelphia Union, states, "KORE has been a critical partner in helping shape our corporate partnership business.
  • The collaboration between the Philadelphia Union and KORE highlights the increasing significance of data-driven approaches in the realm of sports and entertainment.

KORE Announces Completion of Comprehensive Debt Refinancing and Strategic Investment

Retrieved on: 
Thursday, November 16, 2023
Term loan, Acquisition, Kores (company), NYSE, Internet of things, SOFR, LLP, Mitel, Asset-backed security, Kirkland & Ellis, TTM, Telus Corporation, Bahl, Searchlight Capital, Adjustment, UBS, Growth, Rogers Wireless, Bank, KORE

Searchlight Capital has made a $150 million strategic investment in the form of non-convertible preferred stock with a ten-year maturity and 13% per annum dividend rate.

Key Points: 
  • Searchlight Capital has made a $150 million strategic investment in the form of non-convertible preferred stock with a ten-year maturity and 13% per annum dividend rate.
  • Proceeds from the Searchlight investment were used for debt repayment, transaction fees, and expenses, resulting in KORE having additional cash for general corporate purposes.
  • TD Cowen acted as exclusive financial advisor to the Company in connection with its strategic equity investment.
  • UBS Investment Bank acted as exclusive Debt Advisor on the Term Loan refinancing.

KORE Reports Third Quarter 2023 Results: Announces Successful Refinancing and Preferred Stock Issuance Transactions

Retrieved on: 
Thursday, November 9, 2023
EBITDA, Marex (British company), NYSE, TCV, Internet of things, SOFR, Twilio, Net, TTM, LTE, KORE, PIK, Adjustment, Table, Growth, Searchlight Capital, Customer service, Bank, Video game, Cryptocurrency

KORE announced a definitive agreement to refinance its approximately $300 million term loan, resulting in substantially lower first lien leverage.

Key Points: 
  • KORE announced a definitive agreement to refinance its approximately $300 million term loan, resulting in substantially lower first lien leverage.
  • Whitehorse Capital will also make available to the Company a $25 million revolving credit facility, which will be undrawn at closing.
  • This investment, in the form of a preferred stock issuance having a ten-year maturity and a 13% per annum dividend rate with a payment-in-kind (PIK) feature, will allow for greater cash flow flexibility.
  • KORE added over 300,000 connections in the third quarter, bringing Total Connections to almost 18.9 million as of September 30, 2023.

Mandalay Resources Appoints Scott Trebilcock as EVP and Chief Development Officer to Support Growth Strategy

Retrieved on: 
Tuesday, October 31, 2023
Zijin Mining, Sale, Mining, Chemical engineering, KORE, MBA, Nevsun Resources, MND, Growth, University, Scott McDonald (CEO), Queen's University, TSX, Management

TORONTO, Oct. 31, 2023 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of Scott Trebilcock as Executive Vice President and Chief Development Officer, effective immediately.

Key Points: 
  • TORONTO, Oct. 31, 2023 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of Scott Trebilcock as Executive Vice President and Chief Development Officer, effective immediately.
  • Scott brings both extensive industry technical expertise and business transactional acumen which will serve Mandalay well as we pursue opportunities to build a new mid-tier gold producer.
  • Mr. Trebilcock was Chief Development Officer of Nevsun Resources Ltd., responsible for strategy, corporate development and investor relations.
  • Prior to joining Mandalay, Mr. Trebilcock was consulting on strategy and corporate development matters to various mining companies.

Mandalay Resources Appoints Scott Trebilcock as EVP and Chief Development Officer to Support Growth Strategy

Retrieved on: 
Tuesday, October 31, 2023
Zijin Mining, Sale, Mining, Chemical engineering, KORE, MBA, Nevsun Resources, MND, Growth, University, Scott McDonald (CEO), Queen's University, TSX, Management

TORONTO, Oct. 31, 2023 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of Scott Trebilcock as Executive Vice President and Chief Development Officer, effective immediately.

Key Points: 
  • TORONTO, Oct. 31, 2023 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of Scott Trebilcock as Executive Vice President and Chief Development Officer, effective immediately.
  • Scott brings both extensive industry technical expertise and business transactional acumen which will serve Mandalay well as we pursue opportunities to build a new mid-tier gold producer.
  • Mr. Trebilcock was Chief Development Officer of Nevsun Resources Ltd., responsible for strategy, corporate development and investor relations.
  • Prior to joining Mandalay, Mr. Trebilcock was consulting on strategy and corporate development matters to various mining companies.

KORE to Report Third Quarter 2023 Financial Results on November 9, 2023

Retrieved on: 
Thursday, October 26, 2023
KORE, Webcast, Security (finance), Self storage, Broadcasting

For the webcast, dial in 5-10 minutes before the start time, and an operator will register your name and organization, or you can register here .

Key Points: 
  • For the webcast, dial in 5-10 minutes before the start time, and an operator will register your name and organization, or you can register here .
  • If you have any difficulty with the conference call, please contact KORE investor relations at (678) 392-2386.
  • A webcast replay will be available approximately three hours after the webcast's conclusion.
  • The replay will be accessible for thirty days from KORE's investor relations website ir.korewireless.com or by dialing (877) 660-6853 (in the U.S.) or (201) 612-7415 from outside the U.S. and using access ID 13742022.

Partnership Leaders Introduces the "Experts in Residence" Program

Retrieved on: 
Friday, October 13, 2023
KORE, Multimedia, Knowledge, AWS, Microsoft, Salesforce, PL, Growth, SAN, EIR, Risk management, Cryptocurrency, Management, Partnership

SAN JOSE, Calif., Oct. 13, 2023 /PRNewswire-PRWeb/ -- Today marks a significant milestone for Partnership Leaders as we unveil the "Experts in Residence" program. This initiative brings together over 100 of the industry's foremost minds, each selected for their unparalleled expertise and contribution to the world of strategic partnerships. They are the architects of innovation and the strategists of synergy, each playing a pivotal role in the ever-evolving narrative of partnership development.

Key Points: 
  • Partnership Leaders introduces the "Experts in Residence" program with 100+ industry trailblazers.
  • This program will offer curated strategic insights for growth and empower Partnership Leaders members with exclusive resources and events.
  • SAN JOSE, Calif., Oct. 13, 2023 /PRNewswire-PRWeb/ -- Today marks a significant milestone for Partnership Leaders as we unveil the "Experts in Residence" program.
  • The Program launches with exclusive resources, events, and conversations designed to accelerate the success of Partnership Leaders members.

KORE Power Selects Siemens Xcelerator to Optimize Production at Arizona Gigafactory

Retrieved on: 
Wednesday, October 4, 2023
Technology, Automotive, General Automotive, Other Energy, Other Manufacturing, Utilities, Alternative Energy, Engineering, Energy, Automotive Manufacturing, Other Technology, Manufacturing, Software, Environment, Hardware, Venture Capital, Consumer Electronics, EV, Siemens Financial Services, U.S. Department of Defense Strategy for Operating in Cyberspace, KORE, Advanced Technology Vehicles Manufacturing Loan Program, Cell, LPO, Xcelerator, Siemens Healthineers, Kilowatt-hour, Vehicle registration plates of Nepal, ATVM, Transport, Safety, Automation, Mobile phone, Renewable energy, Buckeye, Siemens Energy

From production design to planning and simulation, Siemens is helping companies of all sizes simulate and automate the production process to deliver efficiency and safety.

Key Points: 
  • From production design to planning and simulation, Siemens is helping companies of all sizes simulate and automate the production process to deliver efficiency and safety.
  • The collaboration between Siemens and KORE Power underscores both companies’ commitment to driving innovation, operational excellence, and sustainability in the energy sector.
  • "We're thrilled to see KORE Power harness the transformative capabilities of Siemens' Xcelerator for their state-of-the-art KOREPlex gigafactory in Arizona,” said Barbara Humpton, President and CEO of Siemens USA.
  • At Siemens, we remain steadfast in our mission to empower industry leaders like KORE Power to achieve new heights in efficiency and digitalization."

KORE to Discuss Digital Transformation, AI, eSIM at MWC Las Vegas 2023

Retrieved on: 
Wednesday, September 20, 2023
Enterprise, Speech, KORE, MWC, Customer experience, Lightning, Internet, Artificial intelligence, ESIM, AI, Digital, Full, Mobile World Congress, Customer service, Management, Internet of things

"KORE's mission is to be at the forefront of IoT innovation, which makes this year's MWC all the more important.

Key Points: 
  • "KORE's mission is to be at the forefront of IoT innovation, which makes this year's MWC all the more important.
  • Bahl, along with other KORE executives, will be at MWC Las Vegas 2023 to discuss how developing technology impacts IoT.
  • ": KORE SVP of Connected Health Kristie Swanson will discuss the impact of AI on customer experience in the healthcare sector.
  • MWC Las Vegas 2023 will run September 26 through 28.