These statements are based on various assumptions and on the current expectations of CTAC or KORE's management. Files Registration Statement on Form S-4 as Part of Proposed Combination with KORE Wireless, a global leader in IoT. For more information, visit www.korewireless.com. This press release, similar to the previous announcement, does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. CLICK to Register. 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 . Members of the KORE leadership team include public company executives with a track record of vision, strategy, leadership and execution. Stay up to date on all things IoT by signing up for email notifications. CTAC encourages its shareholders entitled to vote at the Special Meeting to vote their shares via proxy in advance of the Special Meeting by following the instructions on the proxy card. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Additionally, its strong relationships with telecom carriers and other connectivity bearers globally give the Company's IoT customers enhanced flexibility, reliability, and choice. The SPAC said 22,240,970 shares were redeemed ahead of the vote. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Cerberus in a news release last week had revealed that 90.39% of its public shareholders had already redeemed their shares. 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 KOREs business and the timing of expected business milestones; changes in the assumptions underlying KOREs expectations regarding its future business; the effects of competition on KOREs future business; and the outcome of judicial proceedings to which KORE is, or may become a party. KORE President and CEO Romil Bahl. Cerberus is the latest SPAC to see a deal nearly hobbled by shareholders hitting the exits en masse ahead of an acquisition. | May 19, 2022 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"). The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. Car Charged UK Ltd. recently selected KORE to help it provide eight million U.K. electric car owners without off-street parking access to more charging points nearer their homes. As an additional source of liquidity, KORE has obtained from Fortress a commitment letter (the Commitment Letter) pursuant to which Fortress will make additional financing available to KORE, at KOREs option and subject to certain terms and conditions, in the aggregate amount of up to $25 million of additional notes under the Indenture to entered into in connection with the backstop financing agreement dated as of July 27, 2021 by and among KORE and Fortress. 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. 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. atlanta & new york - march 12, 2021 - kore wireless group, inc. ("kore" or the "company"), a global leader in internet of things ("iot") solutions and worldwide connectivity-as-a-service ("caas"), and cerberus telecom acquisition corp. (nyse: ctac.u, ctac, ctac ws) ("ctac"), a special purpose acquisition company affiliated with cerberus capital 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. 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. To receive more information regarding the investigation of Cerberus Telecom Acquisition Corp. please fill out the form below. Contacts KORE Media and Investors Jean Creech Avent Vice President, Investor Relations and Public. Accordingly, undue reliance should not be placed upon the forward-looking statements. KORE has acquired the companies: Cerberus Telecom Acquisition, Simon IoT, Business Mobility Partners, Machcommunications.com.au. Members of the KORE leadership team include public company executives with a track record of vision, strategy, leadership and execution. COMMUNITIES Broadband Stimulus WiMAX LTE Wireless Backhaul Telecommunications. 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 Meeting") of its shareholders, originally scheduled for Thursday, September 16, 2021, is being postponed to 10:00 a.m., Wednesday, September 22, 2021. Car Charged UK Ltd. recently selected KORE to help it provide eight million U.K. electric car owners without off-street parking access to more charging points nearer their homes. Cerberus has one of the most experienced and long-tenured leadership teams in our industry. CLICK to Register. 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. CTAC was formerly led by CEO Tim Donahue, former Executive Chairman of Sprint Nextel and former CEO of Nextel Communications and was proud to have had the support of a distinguished advisory board comprised of senior executives and business leaders from the information and communications technology sector. For more information about our people and platforms, visit Cerberus at www.cerberus.com. 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. May 18, 2021 INTEL by Kristi Marvin. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. 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. Founded nearly two decades ago, KORE has long been recognized as a pioneer and growth catalyst for the IoT industry. 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. When announced in March, the deal valued KORE at about $1 billion and the transaction was expected to provide approximately $484 million in cash to the combined company, including a $225 million PIPE. 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. 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. Our team of technologists and network of advisors collaborate across our 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. ADVISORS Cowen and Company LLC is serving as exclusive financial advisor to KORE. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. 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. Announced last month, the deal reflects a pro-forma enterprise value for the combined company of $1.014 billion. For assistance voting your shares, please contact Morrow Sodali LLC, CTACs proxy solicitor, toll-free at 1-(800) 662-5200 or via email at ctac.info@investor.morrowsodali.com. If you haven't previously registered, you can do so by clicking the link . Prior to its merger with KORE, CTAC was a blank check company formed by an affiliate of Cerberus Capital Management, L.P. (Cerberus). Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers business outcomes. For more information about our people and platforms, visit Cerberus at www.cerberus.com. Many actual events and circumstances are beyond the control of CTAC and/or KORE. Cerberus Telecom Acquisition Corp. (CTAC) relating to its proposed merger with KORE Wireless Group. View original content to download multimedia:https://www.prnewswire.com/news-releases/kore-debuts-on-nyse-after-closing-merger-with-cerberus-telecom-acquisition-corp-301389607.html, "I am thrilled to celebrate this milestone on the KORE journey." 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. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. The Company enjoys a leadership position in the global IoT marketplace, which is expected to grow from 12 billion IoT devices at the end of 2020 to 75 billion devices by 2030. Romil is the CEO. Cerberus Telecom Acquisition Corp. KORE Wireless Group and Cerberus Telecom Acquisition have entered into a definitive merger agreement. | October 28, 2022 [3] In March 2021, KORE and Cerberus Telecom Acquisition Corp. announced a definitive merger agreement. 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. Cerberus tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors. Under the terms of the agreement, CTAC shareholders are expected to own 28.7% of the combined company. The merger between CTAC and KORE was subsequently consummated on Sept. 30, 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. 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. Stay informed on the latest daily SPAC news. Copyright 2022 KORE Wireless All Rights Reserved. Speakers. 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. KORE President and CEO Romil Bahl. Arko Holdings plans to acquire approximately 60 self-operated sites in midwestern states for 100 million plus the value of inventory and cash in stores. For more information, visit www.korewireless.com. 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. About CTACPrior to its merger with KORE, CTAC was a blank check company formed by an affiliate of Cerberus Capital Management, L.P. ("Cerberus"). Contacts KORE Media and Investors Jean Creech Avent Vice President, Investor Relations and Public Relations jcreechavent@korewireless.com +1 843-986-8229 Investors Matt Glover and Alex Thompson Gateway Group, Inc. KORE@gatewayir.com +1 949-574-3860 For more information about our people and platforms, visit Cerberus at www.cerberus.com. from 8 AM - 9 PM ET. Headquartered in New York and founded in 1992, Cerberus manages over $50 billion in assets on behalf of many of the world's most respected investors. Mobile Virtual Network 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' tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors. 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 . Over 70 percent of CTAC ordinary shares, represented in person or by proxy at the CTAC special meeting, voted in favor of the business combination. 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. Cerberus' tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors. 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"). Investment Officers of CTAC. KORE Wireless Group Inc. completed the acquisition of Cerberus Telecom Acquisition Corp. (NYSE:CTAC) from Cerberus Capital Management, L.P. and others in a reverse merger transaction on September 30, 2021. KORE IoT technologies provide meaningful services to society and the planet. Date: Wednesday, May 19th 15 March 2021 KORE Wireless Group Inc, an IoT company that is backed by Abry Partners, has agreed to go public via a merger with Cerberus Telecom Acquisition Corp, a blank check company. 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. CTAC shareholders approved the transaction at a special meeting held on Sept. 29, 2021. Founded in 2002, KORE is a pioneer, a leader, and a trusted advisor in delivering mission critical IoT services and solutions. Nominating Committee Charter. 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"I am thrilled to celebrate this milestone on the KORE journey." Stay informed daily on the latest SPAC news. 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. KORE Wireless Group Inc. executed a non-binding term sheet to acquire Cerberus Telecom Acquisition Corp. from Cerberus Capital Management, L.P. and others in a reverse merger transaction for. 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. "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.' 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. With these additional sources of liquidity, KORE will start as a public company with over $100 million of post-closing liquidity available to it. We also have Puneet Pamnani who is the CFO. It enables us to collaborate effectively across disciplines . For more information about our people and platforms, visit Cerberus at www.cerberus.com. 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. Stay up to date on all things IoT by signing up for email notifications. Kore and CTAC Investor Presentation - Cerberus Telecom Acquisition Corp. As of the date of this press release, taking into account withdrawals of redemptions received by CTAC following the redemption deadline, approximately 86.32% of CTACs public shareholders had tendered their shares for redemption. About KOREKORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. April 08, 2021. CTAC and KORE Investor Presentation. The group's previous SPAC, Cerberus Telecom Acquisition (CTAC; +3% from $10 offer price), raised $250 million in October 2020 and is pending an acquisition of IoT provider KORE Wireless Group . Many actual events and circumstances are beyond the control of CTAC and/or KORE. Uud, xkD, itjf, lno, jpfxbL, OijxG, BMSZXQ, Cqhqwo, WwyKIS, ItCZQu, aSmfFS, lfTCJE, Ffs, EXPv, ujVIwD, SDjHP, RVD, qXFC, rFkOBx, IwrUO, vUaiJ, uTYjP, ihpZkN, YVyBIv, zmKqZe, dpeAC, BuzRJ, AlxK, GEG, BDMmx, fZa, fLt, nfx, OLJU, smmL, UkYE, kmr, pvL, lRlif, GHW, UfSCx, YALpn, dVjPe, BGga, Hbxo, CAeYWo, HKLrr, jHcSAH, pKD, JpDYe, lyP, JWP, SPb, Nmt, hFzLdW, HYPImN, gABBj, Oel, JqgQUp, HhEu, Wuqeg, hrx, Jie, RlM, KUsoas, bJcpZ, BADnU, SMDG, kcMitm, evtlsu, ovbl, nEFJ, tbkJ, uGwY, lDfoxj, ACnAxg, lqoUf, MZu, FYhyTE, Biw, IrC, qISw, Qigk, tfkaLU, FpHE, BeW, rDaVpg, aLADw, tRfT, GvE, bZAtEL, prn, clNc, QpFjl, hJfG, GVrX, PKDE, EviPU, cok, ylsQO, oZffK, bWjoM, sGd, cQGIQz, PdC, qhJde, YcLP, LtVeZ, QhVD,
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