STOCK TITAN

Searchlight funds extend KORE (NYSE: KORE) agreement and detail 13.7% stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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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Negative

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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
Row 7, Row 9 and Row 11 reflect the number of shares of common stock, par value $0.0001 per share ("Common Stock"), of KORE Group Holdings, Inc. (the "Issuer") issuable to Searchlight IV KOR, L.P. upon the exercise of the warrant to purchase up to 2,360,000 shares of Common Stock at an exercise price of $0.05 per share issued on November 9, 2023 (the "Warrant") and the warrant to purchase up to 44,942 shares of Common Stock at an exercise price of $0.05 per share issued on December 13, 2023 (the "Additional Warrant"), as further discussed in Items 1, 4 and 6 herein, giving effect to the Issuer's 1-for-5 reverse stock split that became effective on July 1, 2024 (the "Reverse Stock Split"). The percentage in Row 13 is calculated based on 17,539,937 shares of Common Stock outstanding as of November 10, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on November 12, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 7, Row 9 and Row 11 reflect the number of shares of Common Stock issuable to Searchlight IV KOR, L.P. upon the exercise of Warrant and the Additional Warrant, which may be deemed to be beneficially owned by Searchlight Capital Partners IV GP AGG, LLC, as further discussed in Items 1, 4 and 6 herein, giving effect to the Reverse Stock Split. The percentage in Row 13 is calculated based on 17,539,937 shares of Common Stock outstanding as of November 10, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on November 12, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 7, Row 9 and Row 11 reflect the number of shares of Common Stock issuable to Searchlight IV KOR, L.P. upon the exercise of Warrant and the Additional Warrant, which may be deemed to be beneficially owned by Searchlight Capital Partners IV GP, L.P., as further discussed in Items 1, 4 and 6 herein, giving effect to the Reverse Stock Split. The percentage in Row 13 is calculated based on 17,539,937 shares of Common Stock outstanding as of November 10, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on November 12, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 7, Row 9 and Row 11 reflect the number of shares of Common Stock issuable to Searchlight IV KOR, L.P. upon the exercise of Warrant and the Additional Warrant, which may be deemed to be beneficially owned by Searchlight Capital Partners IV GP, LLC, as further discussed in Items 1, 4 and 6 herein, giving effect to the Reverse Stock Split. The percentage in Row 13 is calculated based on 17,539,937 shares of Common Stock outstanding as of November 10, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on November 12, 2025.


SCHEDULE 13D


Searchlight IV KOR, L.P.
Signature:/s/ Andrew Frey
Name/Title:Andrew Frey, Authorized Person
Date:02/13/2026
Signature:/s/ Searchlight Capital Partners IV GP AGG, LLC
Name/Title:General Partner
Date:02/13/2026
Searchlight Capital Partners IV GP AGG, LLC
Signature:/s/ Andrew Frey
Name/Title:Andrew Frey, Authorized Person
Date:02/13/2026
Searchlight Capital Partners IV GP, L.P.
Signature:/s/ Andrew Frey
Name/Title:Andrew Frey, Authorized Person
Date:02/13/2026
Signature:/s/ Searchlight Capital Partners IV GP, LLC
Name/Title:General Partner
Date:02/13/2026
Searchlight Capital Partners IV GP, LLC
Signature:/s/ Andrew Frey
Name/Title:Andrew Frey, Authorized Person
Date:02/13/2026

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.

How are the 2,404,942 KORE shares held by Searchlight structured?

The 2,404,942 KORE shares are issuable from two penny warrants. One warrant covers up to 2,360,000 common shares and an additional warrant covers up to 44,942 shares, each with a $0.05 per share exercise price, reflecting KORE’s 1-for-5 reverse stock split.

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.

What key agreements related to KORE (KORE) and Searchlight are referenced?

Referenced agreements include the November 9, 2023 Investment Agreement, December 13, 2023 amendments and warrants, an amended Investor Rights Agreement, Series A-1 and A-2 preferred stock designations, and the August 1, 2025 agreement and its subsequent amendments through February 13, 2026.
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