Welcome to our dedicated page for CTAC.U news (Ticker: CTAC.U), a resource for investors and traders seeking the latest updates and insights on CTAC.U stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CTAC.U's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CTAC.U's position in the market.
KORE and Koch Strategic Platforms have announced a partnership to explore innovative IoT use cases. This collaboration aims to address societal issues through advanced IoT technology, focusing on health and safety in public spaces, enhancing sustainability in manufacturing, and improving supply chain efficiency. KORE's CEO, Romil Bahl, emphasized the synergy between the two firms in accelerating real-world IoT adoption. Koch's managing director, Adam DeWolf, expressed excitement about potential connectivity solutions. This engagement signals a strategic move to leverage IoT's transformative capabilities.
KORE has partnered with Cradlepoint to launch a 5G-ready business continuity solution called the KORE Business Connect. This bundle aims to mitigate network outages that jeopardize productivity and profitability, offering seamless connectivity through Cradlepoint’s NetCloud platform and KORE’s ConnectivityPro. KORE emphasizes the crucial need for wireless failover to maintain revenue flow and customer satisfaction. The solution includes an enterprise-grade router, a flexible data plan, and static IP capabilities, designed for comprehensive network management.
KORE, a leader in IoT Solutions, reported preliminary Q1 2021 revenue of $55.3 million, reflecting strong year-over-year growth. The company emphasizes the benefits of a unified provider in IoT deployment, with significant momentum from a major new order from its largest customer. KORE's Critical Asset Monitoring solution launched on AWS Marketplace, aiming to address global supply chain challenges. Additionally, KORE was recognized by Gartner as a leader in Managed IoT Connectivity Services for the second consecutive year.
KORE, a leader in Internet of Things (IoT) solutions, will participate in the Cowen 49th Annual Technology, Media & Telecom Conference on June 3, 2021, at 9:10 a.m. Eastern time. The session will feature a fireside chat with Romil Bahl, President and CEO, and include one-on-one meetings. Interested parties can access the webcast here. Additionally, KORE held a virtual investor webinar on May 19, 2021, featuring executives discussing company performance.
KORE, a leader in IoT solutions and Connectivity-as-a-Service, announced the launch of over-the-air provisioning on eUICC-compliant SIMs, enhancing global connectivity for its customers. Through partnerships with multiple mobile network operators, KORE will provide seamless, multi-network connectivity, addressing barriers in IoT deployments. The eUICC solution simplifies inventory management and offers auto-provisioning, eliminating the need for costly SIM swaps. KORE is also anticipated to finalize a merger with Cerberus Telecom Acquisition Corp (CTAC.U) in mid-2021, aiming for NYSE listing under KORE.
Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) announced the filing of a registration statement on Form S-4 with the SEC, detailing its proposed merger with KORE Wireless Group, Inc. The transaction has an enterprise value of $1.014 billion and includes a $225 million PIPE investment from leading institutional investors. Following the merger, the combined entity will operate under the ticker symbol 'KORE' and aims to leverage KORE's growth in IoT solutions. The merger is expected to close mid-2021, pending shareholder approval.
KORE Wireless Group announced its merger agreement with Cerberus Telecom Acquisition Corp. (CTAC.U, CTAC, CTAC WS), a SPAC affiliated with Cerberus Capital Management. The merger is anticipated to close in mid-2021, pending shareholder and regulatory approvals. KORE CEO Romil Bahl expressed optimism about the partnership, noting Cerberus's extensive reach and quality advisors as beneficial for KORE's growth. The combined entity will be listed under the ticker symbol 'KORE' on the NYSE, strengthening KORE’s position in the IoT market.
KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have announced a definitive merger agreement. The transaction is expected to yield $484 million in cash, including a $225 million PIPE investment from notable institutional investors. The merger, set for mid-2021, aims to enhance KORE's capabilities in the rapidly growing IoT market, which is projected to reach nearly $1 trillion by 2025. Following the merger, KORE will retain its leadership under CEO Romil Bahl and will trade on the NYSE under the ticker 'KORE'.
