KORE Group Holdings, Inc. (KORE) investors bought out in $9.25 cash merger

Rhea-AI Filing Summary

KORE Group Holdings, Inc. completed a merger on July 21, 2026 with KONA Parent L.P. through KONA Merger Sub Co., which was merged into KORE, leaving KORE as a wholly owned subsidiary of an affiliate of Parent.

At the effective time, each share of KORE common stock (other than specified excluded shares) was cancelled and converted into the right to receive $9.25 in cash per share, without interest and subject to withholding taxes. Cerberus Telecom Acquisition Holdings, LLC and Frank Bruno disposed of all of their KORE common stock and their previously disclosed warrants ceased to be exercisable, so they now report 0 shares and 0% beneficial ownership, having ceased to own more than 5% as of July 21, 2026.

Key Figures

Merger consideration per share: $9.25 per share Par value of common stock: $0.0001 per share Beneficially owned shares after merger (Cerberus): 0.00 shares +3 more

6 metrics

Merger consideration per share $9.25 per share Cash paid for each eligible share of KORE common stock in the merger

Par value of common stock $0.0001 per share Par value of KORE Group Holdings, Inc. common stock

Beneficially owned shares after merger (Cerberus) 0.00 shares Cerberus Telecom Acquisition Holdings, LLC beneficial ownership reported post-merger

Beneficially owned shares after merger (Frank Bruno) 0.00 shares Frank Bruno’s beneficial ownership reported post-merger

Percent of class owned after merger 0 % Percent of KORE common stock class represented by each reporting person’s holdings

Merger closing date July 21, 2026 Date KORE completed the merger with KONA Parent L.P.

Key Terms

Agreement and Plan of Merger, Merger Consideration, beneficially own, Schedule 13D, +1 more

5 terms

Agreement and Plan of Merger regulatory

"completed the transactions contemplated by the Agreement and Plan of Merger"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Merger Consideration financial

"were cancelled and converted into the right to receive an amount in cash equal to $9.25 per share"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

beneficially own regulatory

"As of the date hereof, the Reporting Persons no longer beneficially own any shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Schedule 13D regulatory

"constitutes Amendment No. 2 to the filed with the Securities and Exchange Commission"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

treasury stock financial

"other than shares of Common Stock held by Parent or Merger Sub, shares held by the Issuer as treasury stock"

Treasury stock is shares that a company has bought back from the public and kept in its own control rather than retiring them. Think of it like a company holding its own tickets in a drawer: those shares no longer vote or receive dividends while held, but the company can reissue or retire them later; this reduces the number of shares available to outside investors and can boost per‑share earnings and influence ownership and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/27/2026 - 05:56 PM Accepted by SEC EDGAR 07/27/2026 - 05:56 PM Learn about SEC filing dates

FAQ

What merger involving KORE (KORE) is described here?

The content describes KORE Group Holdings, Inc. completing a merger on July 21, 2026 with KONA Parent L.P. KONA Merger Sub Co. merged into KORE, leaving KORE as a wholly owned subsidiary of an affiliate of Parent.

What did KORE (KORE) shareholders receive in the merger?

Each share of KORE common stock (with specified exceptions) was converted into the right to receive $9.25 in cash per share, without interest and subject to applicable withholding taxes, as the merger consideration set in the Agreement and Plan of Merger.

How did the merger affect Cerberus and Frank Bruno’s stake in KORE (KORE)?

Cerberus Telecom Acquisition Holdings, LLC and Frank Bruno disposed of all their KORE common shares in exchange for the $9.25 per share merger consideration. Following the transaction, they report beneficial ownership of 0 shares and no longer exceed 5% ownership.

What happened to the warrants previously held by the reporting persons in KORE (KORE)?

As a result of the merger, the warrants previously beneficially owned by the reporting persons are no longer exercisable to purchase KORE common stock. Consequently, these warrants no longer give them any beneficial ownership of KORE common shares.

When did the reporting persons cease to own more than 5% of KORE (KORE)?

Cerberus Telecom Acquisition Holdings, LLC and Frank Bruno ceased to beneficially own more than 5% of KORE’s outstanding common stock as of July 21, 2026, the date the merger closed and their shares were converted into cash consideration.

What class of securities of KORE (KORE) is covered in this disclosure?

The disclosure concerns KORE Group Holdings, Inc. common stock, with a par value of $0.0001 per share. These shares were cancelled in the merger and converted into the right to receive $9.25 in cash per share, subject to stated exceptions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

KORE Group Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

50066V305

(CUSIP Number)

William Kloos
875 Third Avenue,
New York, NY, 10022
(212) 521-8495

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/21/2026

(Date of Event Which Requires Filing of This Statement)

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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 50066V305

1

Name of reporting person

Cerberus Telecom Acquisition Holdings, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 50066V305

1

Name of reporting person

Frank Bruno

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: KORE Group Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1155 Perimeter Center West, 11th Floor, Atlanta, GEORGIA , 30338.
Item 1 Comment: The following constitutes Amendment No. 2 ("Amendment No. 2") to the Schedule 13D filed with the Securities and Exchange Commission ("SEC") by Cerberus Telecom Acquisition Holdings, LLC ("Cerberus"), Frank Bruno (together, the "Reporting Persons") and Stephen Feinberg on October 12, 2021, as amended by Amendment No. 1 filed on March 18, 2025. This Amendment No. 2 amends and supplements the Schedule 13D as specifically set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D, as amended. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and supplemented by the addition of the following: On July 21, 2026, KORE Group Holdings, Inc. (the "Issuer"), completed the transactions contemplated by the Agreement and Plan of Merger, dated as of February 26, 2026 (the "Merger Agreement"), by and among the Issuer, KONA Parent L.P., a limited partnership ("Parent") affiliated with certain funds managed by affiliates of Searchlight Capital Partners, L.P. and Abry Partners, LLC and/or Abry Partners II, LLC, and KONA Merger Sub Co., a wholly owned subsidiary of Parent ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly-owned subsidiary of an affiliate of Parent (such merger, the "Merger"). At the effective time of the Merger, all shares of Common Stock, par value $0.0001 per share, of the Issuer ("Common Stock") other than shares of Common Stock held by Parent or Merger Sub, shares held by the Issuer as treasury stock, and shares held by stockholders who have properly exercised and perfected appraisal rights, were cancelled and converted into the right to receive an amount in cash equal to $9.25 per share, without interest and subject to any applicable withholding taxes (the "Merger Consideration"). Pursuant to the terms of the Merger Agreement, on July 21, 2026, the Reporting Persons disposed of all of the shares of Common Stock of the Issuer held by them and received the Merger Consideration. As a result of the Merger, the previously disclosed warrants beneficially owned by the Reporting Persons are no longer exercisable to purchase shares of Common Stock, and therefore the Reporting Persons no longer have any beneficial ownership of shares of Common Stock as a result of beneficially owning such warrants.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date hereof, the Reporting Persons no longer beneficially own any shares of Common Stock.
(b)	Items 7 through 10 of each of the cover pages of this Schedule 13D are incorporated herein by reference.
(c)	The information in Item 4 is incorporated herein by reference.
(d)	Not applicable.
(e)	As of July 21, 2026, the Reporting Persons ceased to beneficially own more than 5% of the outstanding shares of Common Stock.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Cerberus Telecom Acquisition Holdings, LLC

Signature:	/s/ Frank Bruno
Name/Title:	Frank Bruno/Chief Operating Officer
Date:	07/27/2026

Frank Bruno

Signature:	/s/ Frank Bruno
Name/Title:	Frank Bruno/Self
Date:	07/27/2026