KORE Group (KORE) holder Searchlight reports 13.7% stake and extends agreement period
Rhea-AI Filing Summary
KORE Group Holdings, Inc. received an updated ownership report from investment funds affiliated with Searchlight Capital. The filing states that Searchlight IV KOR, L.P. holds warrants that are exercisable for 2,404,942 shares of KORE common stock at an exercise price of $0.05 per share, reflecting both a warrant for up to 2,360,000 shares issued on November 9, 2023 and an additional warrant for up to 44,942 shares issued on December 13, 2023, adjusted for KORE’s 1‑for‑5 reverse stock split effective July 1, 2024. Based on 17,539,937 shares of common stock outstanding as of November 10, 2025, these warrants represent 13.7% of KORE’s common stock on an as‑converted basis. The filing also notes that, on January 2, 2026, KORE and Searchlight IV KOR, L.P. amended their August 1, 2025 agreement to extend the defined “Holiday Period” to February 15, 2026.
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Insights
Searchlight reports a 13.7% warrant-based stake in KORE and extends an agreement period to mid-February 2026.
The filing shows that funds affiliated with Searchlight Capital report beneficial ownership of 2,404,942 shares of KORE common stock on an as‑exercised basis. These are tied to a warrant for up to 2,360,000 shares and an additional warrant for up to 44,942 shares, each with a
The amendment also states that, on