KORE Group (KORE) Proxy Filing summary

Executive summary

• Affiliates of Searchlight Capital and Abry Partners have entered into a merger agreement to acquire all outstanding shares not already owned, transitioning the company from public to private status upon closing, expected in Q2 or Q3 of this year.

• The Special Committee of the Board determined this transaction best maximizes stockholder value and enables prioritization of long-term investments.

• No changes are expected to the company's strategy, operations, or branding as a result of the transaction.

• Forward-looking statements highlight anticipated benefits, timing, and risks associated with the transaction, including regulatory approvals and stockholder vote.

Voting matters and shareholder proposals

• Stockholders will vote to approve the merger; proxy materials and a Schedule 13E-3 will be provided for review.

• All stockholders are encouraged to review proxy materials in full before voting.

Board of directors and corporate governance

• A Special Committee of the Board explored strategic alternatives and recommended the merger as the best path forward.

• Directors, executive officers, and management may be deemed participants in the proxy solicitation.