Kore Wireless to Go Public in $1 Billion Deal with Cerberus Telecom Acquisition Corp. (CTAC) - Bloomberg
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KORE to List on NYSE through Merger with Cerberus Telecom Acquisition Corp. (CTAC)
March 12, 2021 4:11 PM ESTKORE 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 Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) (CTAC), a special purpose acquisition company affiliated with Cerberus Capital Management, L.P. (Cerberus), announced today that they have entered into a definitive merger agreement. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange under the ticker symbol KORE.
Powered by a strong IP portfolio and a differentiated IoT platform, KORE delivers mission-critical IoT enterprise solutions and CaaS services to more than 3,600... More
