Speakers. In addition, forward-looking statements reflect KOREs expectations, plans or forecasts of future events and views as of the date of this press release. For more information, visit www.cerberusacquisition.com. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. CTAC recommends that its shareholders wishing to vote at the Special Meeting log in at least 15 minutes before the Special Meeting starts, if attending virtually. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Cerberus Telecom Acquisition Corp. (CTAC) relating to its proposed merger with KORE Wireless Group. ", Capital raised through the PIPE investment and CTAC initial public offering is being allocated to position KORE for future growth from paying down debt and debt-like preferred equity, to placing cash on the balance sheet for mergers and acquisitions as well as future organic growth. Bahl said, "Going public gives us the opportunity to unleash shareholder value creation, including inorganic growth through accretive tuck-in acquisitions that add to the Company's capabilities.". The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. About KOREKORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) ("CTAC"), a special purpose acquisition company affiliated with Cerberus Capital Management, L.P., today announced that it and King Pubco, Inc. ("Pubco"), a direct and wholly owned subsidiary of the sponsor of CTAC, have filed with the U.S. Securities and Exchange Commission a registration statement on Form 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 For background, CTAC and kore signed a non-binding letter of intent of Christmas Eve of 2020 and signed a merger agreement, announced the "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. ATLANTA, Oct. 1, 2021 /PRNewswire/ -- KORE Group Holdings, Inc., , a global leader in Internet of Things solutions and worldwide IoT Connectivity-as-a-Service announced that it will begin. KORE Wireless Group Inc said on Friday it has agreed to go public through a merger with blank-check firm Cerberus Telecom Acquisition Corp in a deal that values the combined company at a pro-forma . These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of revenue and other financial and performance metrics and projections of market opportunity and expectations. 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. September 30, 2021 1 minute read After several false starts, scrambles for additional funding and two vote delays, Cerberus Telecom Acquisition disclosed today that its stockholders decided in favor of the merger with Kore Wireless. Cerberus Telecom Acquisition Corp. Tim Donahue - CEO, Cerberus Telecom Nick Robinson - Co-Chief Investment Officer, Cerberus Telecom Michael Palmer - Co-Chief Investment Officer, Cerberus Telecom Romil Bahl - President & CEO, KORE Puneet Pamnani - CFO, KORE. For more information about our people and platforms, visit Cerberus at www.cerberus.com.Contacts, KOREMedia and InvestorsJean Creech AventVice President, Investor Relations and Public Relationsjcreechavent@korewireless.com +1 843-986-8229InvestorsMatt Glover and Alex ThompsonGateway Group, Inc.KORE@gatewayir.com +1 949-574-3860Cerberus Telecom Acquisition Corp.Mediamedia@cerberusacquisition.com Investorsinfo@cerberusacquisition.com. Cerberus Telecom Acquisition Corp. 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"). A definitive proxy statement/prospectus was sent to the shareholders of CTAC, seeking required shareholder approval. These statements are based on various assumptions and on the current expectations of CTAC or KORE's management. KORE Wireless Group and Cerberus Telecom Acquisition have entered into a definitive merger agreement. Files Registration Statement on Form S-4 as Part of Proposed Combination with KORE Wireless, a global leader in IoT. NEW YORK (Sep. 22, 2021) Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, NYSE: CTAC, NYSE: CTAC WS) (" CTAC ") today announced that the Extraordinary Special Meeting (" Special Meeting ") of its shareholders has been rescheduled to occur at 10:00 a.m. on Wednesday, September 29, 2021. In addition, the documents filed by CTAC with the SEC may be obtained free of charge from CTAC's website at www.cerberusacquisition.comor upon written request to Cerberus Telecom Acquisition Corp., 875 Third Avenue, New York, NY 10022. 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. Files Registration Statement on Form S-4 as Part of Proposed Combination with KORE Wireless, a global leader in IoT Filing details KORE financials for current . 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. March 12, 2021. We have more than 80 managing directors and senior leaders who have been working together at Cerberus for over a decade. Founded in 1992, Cerberus is a global leader in alternative investing with approximately $55 billion in assets across complementary credit, private equity, and real estate strategies. 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. Founded in 1992, Cerberus is a global leader in alternative investing with approximately $55 billion in assets across complementary credit, private equity, and real estate strategies. Services, Critical Asset Romil is the CEO. The business combination is expected to close on or about September 30, 2021, subject to the satisfaction or waiver of all applicable closing conditions. Audit Committee Charter. The merger between CTAC and KORE was subsequently consummated on Sept. 30, 2021. Free copies of these documents may be obtained as described above. Prior to its merger with KORE, CTAC was a blank check company formed by an affiliate of Cerberus Capital Management, L.P. (Cerberus). Cerberus has a dedicated focus on next-generation technologies and telecommunication solutions. Tim Donahue, former Executive Chairman of Sprint Nextel and former CEO of CTAC, has become the Chairman of the KORE Board of Directors. Car Charged UK Ltd. recently selected KORE to help it provide eight million U.K. electric car owners without off-street parking access to more charging points nearer their homes. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political, and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KOREs business and the timing of expected business milestones; changes in the assumptions underlying KOREs expectations regarding its future business; the effects of competition on KOREs future business; and the outcome of judicial proceedings to which KORE is, or may become a party. KORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. For more information, visit www.korewireless.com. EDGAR Filing Repository. KORE has acquired the companies: Cerberus Telecom Acquisition, Simon IoT, Business Mobility Partners, Machcommunications.com.au. 4GWE CHANNELS Broadband Solutions Carrier Ethernet Communication Test Equipment Embedded Multi-core IP Multimedia Kore and CTAC Investor Presentation - Cerberus Telecom Acquisition Corp. NEW YORK- ( BUSINESS WIRE )-Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, NYSE: CTAC, NYSE: CTAC WS) (" CTAC ") today announced that the Extraordinary Special Meeting (" Special Meeting ") of its shareholders has been rescheduled to occur at 10:00 a.m. on Wednesday, September 29, 2021. Cerberus Telecom Acquisition Corp. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. April 08, 2021. This press release references the proposed merger transaction announced previously involving Cerberus Telecom Acquisition Corp. ("CTAC") and KORE. For example, the Company recently teamed with Australian-based SwoopAero to enable drones to deliver COVID-19 vaccines and other critical medical supplies to people in rural locales, such as Malawi, Democratic Republic of Congo, and the Shetland Islands of Scotland. It enables us to collaborate effectively across disciplines . Enabler, Connectivity as a | October 28, 2022 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. Wireless Device Technician: Long Island, New York Product Development.Net Developer: Winnipeg, Manitoba, Canada Data Architect: Winnipeg, Manitoba, Canada . "From the beginning of my tenure here, I have personally believed that becoming a public company was an important next step in the evolution of this great company and team a step that will allow us to continue our goal of leading the industry as we enter the 'decade of IoT.' CTACs public shareholders have until 5:00 p.m. on Tuesday, September 28, 2021 to withdraw their redemptions. KORE Wireless Group, Inc. ("KORE" or the "Company"), a global leader in Internet of Things ("IoT") solutions and worldwide Connectivity-as-a-Service ("CaaS"), and Cerberus Telecom . As an additional source of liquidity, KORE has obtained from Fortress a commitment letter (the Commitment Letter) pursuant to which Fortress will make additional financing available to KORE, at KOREs option and subject to certain terms and conditions, in the aggregate amount of up to $25 million of additional notes under the Indenture to entered into in connection with the backstop financing agreement dated as of July 27, 2021 by and among KORE and Fortress. We believe that this level of continuity is distinctive. Nominating Committee Charter. Founded nearly two decades ago, KORE has long been recognized as a pioneer and growth catalyst for the IoT industry. 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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. KORE keeps you up to date on all things IoT. Media and InvestorsJean Creech AventVice President, Investor Relations and Public Relations[emailprotected] +1 843-986-8229, InvestorsMatt Glover and Alex ThompsonGateway Group, Inc.[emailprotected] +1 949-574-3860. PO Box 122Syosset, NY 11791(516) 876-8006team@dealflowevents.com. May 18, 2021 INTEL by Kristi Marvin. The SPAC said 22,240,970 shares were redeemed ahead of the vote. Cerberus Telecom Acquisition Corp. ("CTAC") is a blank check company formed by an affiliate of Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing. from 8 AM - 9 PM ET. Neporent has been serving as the Chief Operating Officer of Cerberus Capital Management, L.P. since 1998, where he has also served as senior legal counsel since January 2019. The transaction is expected to close mid-year. "We have full confidence in the KORE management team's ability to execute on their strategy to drive growth and sustained returns.". KORE Wireless Group has agreed to merge with Cerberus Telecom Acquisition (CTAC), a special purpose acquisition company, in a deal that values the combined company at about $1.014bn. Cerberus Telecom Acquisition Corp. (CTAC) & KORE will be holding a live presentation and Q&A Wednesday (tomorrow) at 1:00 p.m. (ET). 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, Inc. ("KORE Wireless") and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) ("CTAC"). We believe that the incremental commitments from our partners at Abry and Fortress evidence the confidence of two of CTACs largest stakeholders. 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. The option of CTACs public shareholders to tender and redeem their shares in connection with the business combination expired at 5:00 p.m., New York City time, on September 14, 2021. 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 . 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. About KOREKORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. Announced last month, the deal includes $1 billion in cash held in the SPAC's trust account, supported by a $1.3 billion oversubscribed Class A ordinary share PIPE. Cerberus raised COMMUNITIES Broadband Stimulus WiMAX LTE Wireless Backhaul Telecommunications. KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. 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, Inc. ("KORE Wireless") and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) ("CTAC"). Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. 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 Cerberus tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Powered by an IP portfolio and IoT platform, Kore delivers mission-critical IoT enterprise and CaaS services to more than 3600 customers worldwide. For example, the Company recently teamed with Australian-based SwoopAero to enable drones to deliver COVID-19 vaccines and other critical medical supplies to people in rural locales, such as Malawi, Democratic Republic of Congo, and the Shetland Islands of Scotland. Car Charged UK Ltd. recently selected KORE to help it provide eight million U.K. electric car owners without off-street parking access to more charging points nearer their homes. KORE Wireless - Investor Webcast. Accordingly, undue reliance should not be placed upon the forward-looking statements. 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. KORE said on Friday the deal with Cerberus Telecom Acquisition Corp CTAC.N will fetch the merged company . Contacts KORE Media and Investors Jean Creech Avent Vice President, Investor Relations and Public. KORE and CTAC anticipate that subsequent events and developments will cause these assessments to change. CTAC and KORE Investor Presentation - Transcript. KORE provides connectivity hardware and service for smart devices and is working to move into the new world of 5G. Nick is the Head Trader of all Cerberus. NEW YORK: KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have entered into a definitive merger agreement, a news release said. For example, the Company recently teamed with Australian-based SwoopAero to enable drones to deliver COVID-19 vaccines and other critical medical supplies to people in rural locales, such as Malawi, Democratic Republic of Congo, and the Shetland Islands of Scotland. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange under the ticker symbol "KORE". Accordingly, undue reliance should not be placed upon the forward-looking statements. 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. KORE and CTAC anticipate that subsequent events and developments will cause these assessments to change. Pursuant to the Second Amendment, in order to increase the liquidity of the post-closing public company (Pubco) following completion of the business combination, certain preferred stockholders of the ultimate parent company of KORE (the Electing Holders) have elected to receive payment consisting of 4,000,000 shares of common stock of Pubco, par value $0.0001 per share (Pubco Common Stock), to be issued by Pubco at $10.00 per share, in lieu of receiving cash consideration in the aggregate amount of $40 million, which such Electing Holders otherwise would have been entitled to receive. CTAC is led by CEO Tim Donahue, former Executive Chairman of Sprint Nextel and former CEO of Nextel Communications, and is proud to have the support of a distinguished advisory board comprised of senior executives and business leaders from the information and communications technology sector. Cerberus invests across the capital structure where its integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. 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 Meeting") of its shareholders, originally scheduled for Thursday, September 16, 2021, is being postponed to 10:00 a.m., Wednesday, September 22, 2021. Media and InvestorsJean Creech AventVice President, Investor Relations and Public Relationsjcreechavent@korewireless.com +1 843-986-8229, InvestorsMatt Glover and Alex ThompsonGateway Group, Inc.KORE@gatewayir.com +1 949-574-3860. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political, and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; changes in the assumptions underlying KORE's expectations regarding its future business; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. KORE Debuts on NYSE After Closing Merger with Cerberus Telecom Acquisition Corp. - KORE enables organizations to deploy, manage and scale their IoT applications across a variety of industries and use . 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. Tim Donahue - CEO, Cerberus Telecom Nick Robinson - Co-Chief Investment Officer, Cerberus Telecom Michael Palmer - Co-Chief Investment Officer, Cerberus Telecom Romil Bahl - President & CEO, KORE Puneet Pamnani - CFO, KORE.