Free copies of these documents may be obtained as described above. Cerberus Telecom Acquisition announced early this morning that its shareholder meeting to vote on the Kore Wireless merger will be pushed back to Sept. 29. NEW YORK, Sept. 16, 2021 /PRNewswire/ -- Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U) (NYSE: CTAC) (NYSE: CTAC WS) ("CTAC") today announced that the Extraordinary Special Meeting ("Special. Before making any voting or investment decision, investors and security holders of CTAC are urged to carefully read the entire registration statement and proxy statement/prospectus and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. Board Committees. CTAC and KORE Investor Presentation - Transcript. When announced in March, the deal valued KORE at about $1 billion and the transaction was expected to provide approximately $484 million in cash to the combined company, including a $225 million PIPE. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. DealFlow Financial Products, Inc. (d/b/a DealFlow Events). The SPAC in the news release said 90.39% of its public shareholders had redeemed their shares. . The documents filed by CTAC with the SEC may be obtained free of charge at the SEC's website at http://www.sec.gov. The cash component of the purchase price to BigBear.ai is expected to be funded by GigCapital4's cash in trust (minus any redemptions), and a $200 million convertible senior unsecured note private placement. Many actual events and circumstances are beyond the control of CTAC and/or KORE. Contacts KORE Media and Investors Jean Creech Avent Vice President, Investor Relations and Public Relations jcreechavent@korewireless.com +1 843-986-8229 Investors Matt Glover and Alex Thompson Gateway Group, Inc. KORE@gatewayir.com +1 949-574-3860 from 8 AM - 9 PM ET. Tim Donahue, former Executive Chairman of Sprint Nextel and former CEO of CTAC, has become the Chairman of the KORE Board of Directors. | May 19, 2022 For more information about our people and platforms, visit Cerberus at, Vice President, Investor Relations and Public Relations. However, while KORE and/or CTAC may elect to update these forward-looking statements at some point in the future, each of KORE and CTAC specifically disclaims any obligation to do so. Cerberus Telecom Acquisition today filed an S-4 outlining its proposed business cvombination with KORE Wireless Group, which is engaged in Internet of Things ("IoT") Solutions and worldwide Connectivity-as-a-Service ("CaaS"). Cerberus Telecom originally announced its $1.014 billion combination with KORE Wireless on March 12. The deal is expected to provide approximately$100 millionof cash proceeds after expenses. The SPAC said22,240,970 shares wereredeemed ahead of the vote. Mobile Virtual Network Many actual events and circumstances are beyond the control of CTAC and/or KORE. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. Romil is the CEO. "I am thrilled to celebrate this milestone on the KORE journey and reflect on how far we have come since we launched our transformation almost three years ago," said KORE President and CEO Romil Bahl. Of note, former shareholders of KORE prior to the CTAC merger have rolled 100 percent of their common equity interests into the common stock of KORE Wireless, and several of the former preferred equity holders of KORE Wireless have elected to roll some of their proceeds into KORE common stock. SEC Filings. KORE Wireless - Investor Webcast. For more information about our people and platforms, visit Cerberus at www.cerberus.com. Additionally, in order to facilitate this liquidity enhancing election, Cerberus Telecom Acquisition Holdings, LLC, CTACs sponsor, has agreed to contribute 600,000 CTAC Class B Ordinary Shares to CTAC, which shares will be cancelled by CTAC in conjunction with the issuance by Pubco, pursuant to the terms of the Second Amendment, of an additional 600,000 shares of Pubco Common Stock to the Electing Holders. Nick is the Head Trader of all Cerberus. It can be accessed by visiting https://www.cstproxy.com/ctac/sm2021. CLICK to Register. Investment Officers of CTAC. For more information about our people and platforms, visit us at www.cerberus.com.ContactsMediamedia@cerberusacquisition.comInvestorsinfo@cerberusacquisition.com, Important Information and Where to Find It. 15 March 2021 KORE Wireless Group Inc, an IoT company that is backed by Abry Partners, has agreed to go public via a merger with Cerberus Telecom Acquisition Corp, a blank check company. Transaction positions KORE to further its global leadership position in mission-critical Internet of Things solutions and global connectivity, leveraging key technology trends such as 5G, eSIM and. Speakers. - KORE enables organizations to deploy, manage and scale their IoT applications across a variety of industries and use cases, - Company begins next chapter with financial flexibility to drive organic and inorganic growth, - Starting today, Company will trade under the ticker symbol "KORE". (July 2021) ( Learn how and when to remove this template message) KORE Wireless Group specializes in Internet of Things (IoT) systems. We help eliminate the time-consuming need to identify, evaluate, contract, and manage multiple network connectivity providers, equipment manufacturers, and professional services organizations as you build out your IoT . Files Registration Statement on Form S-4 as Part of Proposed Combination with KORE Wireless, a global leader in IoT. Cerberus has a dedicated focus on next-generation technologies and telecommunication solutions. Cerberus Telecom Acquisition Corp. Media Andrew Cole/Dave Millar/Brooke Jaye Sard Verbinnen & Co. CTAC-SVC@sardverb.com OR media@cerberusacquisition.com Investors info@cerberusacquisition.com KORE Media Jean Creech Avent jcreechavent@korewireless.com 843-986-8229 Investors Matt Glover and Cody Slach Gateway Group, Inc. KORE@gatewayir.com Get the latest KORE Group Holdings, Inc KORE detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Of note, former shareholders of KORE prior to the CTAC merger have rolled 100 percent of their common equity interests into the common stock of KORE Wireless, and several of the former preferred equity holders of KORE Wireless have elected to roll some of their proceeds into KORE common stock, Bahl said. Powered by an IP portfolio and IoT platform, Kore delivers mission-critical IoT enterprise and CaaS services to more than 3600 customers worldwide. With these additional sources of liquidity, KORE will start as a public company with over $100 million of post-closing liquidity available to it. Custom Software & IT Services. Enabler, Connectivity as a The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. The business combination is expected to close on or about September 30, 2021, subject to the satisfaction or waiver of all applicable closing conditions. However, while KORE and/or CTAC may elect to update these forward-looking statements at some point in the future, each of KORE and CTAC specifically disclaims any obligation to do so. The deal with Cerberus Telecom Acquisition Corp.. CTAC was formerly led by CEO Tim Donahue, former Executive Chairman of Sprint Nextel and former CEO of Nextel Communications and was proud to have had the support of a distinguished advisory board comprised of senior executives and business leaders from the information and communications technology sector. Stay up to date on all things IoT by signing up for email notifications. Despite having sufficient funding to satisfy closing conditions last week, the parties felt that it would be beneficial to increase the amount of free cash available on KOREs post-closing balance sheet to help fund and accelerate KOREs growth as a public company. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. 4G Wireless Evolution Conference Webinars. Administrative. These statements are based on various assumptions and on the current expectations of CTAC or KOREs management. Members of the KORE leadership team include public company executives with a track record of vision, strategy, leadership and execution. The Company enjoys a leadership position in the global IoT marketplace, which is expected to grow from 12 billion IoT devices at the end of 2020 to 75 billion devices by 2030. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. KORE Wireless Cerberus Telecom and Kore told investors the newly combined company is in position to catch "the oncoming tidal wave of connected devices." KORE provides Internet-of-Things. CTAC shareholders approved the transaction at a special meeting held on Sept. 29, 2021. ATLANTA, Oct. 1, 2021 /PRNewswire/ KORE Group Holdings, Inc., (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group . Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. Atlanta (Oct. 1, 2021) KORE Group Holdings, Inc., Inc. (NYSE: KORE, KORE WS) (KORE or the Company), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group, Inc. (KORE Wireless) and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) (CTAC). For more information about our people and platforms, visit Cerberus at www.cerberus.com. The Companys well-established base of 3,600 customers worldwide, and its innovative IP and technology stack, provide a strong moat around its business. The funds will be made available by certain holders of preferred shares of the ultimate parent entity of KORE Wireless Group, electing to receive share consideration in lieu of $40 million of cash consideration, and by a commitment from Fortress Credit to provide up to $25 million in additional convertible debt financing. It is headquartered in Alpharetta, Georgia. We are incredibly excited by this development and believe these changes position KORE for continued success.. This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. We have full confidence in the KORE management teams ability to execute on their strategy to drive growth and sustained returns.. Cerberus is the latest SPAC to see a deal nearly hobbled by shareholders hitting the exits en masse ahead of an acquisition. atlanta & new york-- ( business wire )--kore wireless group, inc. ("kore" or the "company"), a global leader in internet of things ("iot") solutions and worldwide connectivity-as-a-service. This press release, similar to the previous announcement, does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. 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