Searchlight funds extend KORE (NYSE: KORE) agreement and detail 13.7% stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
KORE Group Holdings, Inc. received an updated ownership filing from Searchlight-affiliated funds. The Schedule 13D/A shows beneficial ownership of 2,404,942 shares of common stock issuable upon exercise of two penny warrants with a $0.05 exercise price, after a 1-for-5 reverse stock split.
This stake represents 13.7% of KORE’s common stock, based on 17,539,937 shares outstanding as of November 10, 2025. The amendment also notes that on February 13, 2026, KORE and Searchlight IV KOR, L.P. extended the “Holiday Period” in their August 1, 2025 agreement to March 15, 2026.
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FAQ
What ownership stake in KORE (KORE) do the Searchlight entities report?
The Searchlight entities report beneficial ownership of 2,404,942 KORE common shares. These shares are issuable upon warrant exercise and represent 13.7% of KORE’s common stock, based on 17,539,937 shares outstanding as of November 10, 2025.
What change did the February 13, 2026 amendment disclose for KORE (KORE)?
The amendment discloses that on February 13, 2026, KORE and Searchlight IV KOR, L.P. extended the “Holiday Period” in their August 1, 2025 agreement to March 15, 2026, updating the prior contractual timeline between the parties.
Which Searchlight entities are listed as reporting persons for KORE (KORE)?
Reporting persons include Searchlight IV KOR, L.P., Searchlight Capital Partners IV GP AGG, LLC, Searchlight Capital Partners IV GP, L.P., and Searchlight Capital Partners IV GP, LLC. Each reports beneficial ownership of the same 2,404,942 KORE shares issuable upon warrant exercise.
How was the 13.7% KORE ownership percentage calculated in this filing?
The 13.7% figure is based on 2,404,942 KORE common shares deemed beneficially owned divided by 17,539,937 shares of common stock outstanding as of November 10, 2025, as reported in KORE’s Quarterly Report on Form 10-Q filed November 12, 2025.