Searchlight IV KOR, L.P.'s Form 4 filing
KORE Group Holdings, Inc. (KORE) · filed Dec 15, 2023
- Accession no.
- 0001104659-23-126467
- Filed
- Dec 15, 2023, 5:11 PM ET
- Trade date
- Dec 13, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction and 1 derivative transaction. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Searchlight IV KOR, L.P.CIK 0001999695 | 10% Owner |
| Searchlight Capital Partners IV GP AGG, LLCCIK 0001999764 | 10% Owner |
| Searchlight Capital Partners IV GP, L.P.CIK 0001999785 | 10% Owner |
| Searchlight Capital Partners IV GP, LLCCIK 0002000946 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2023 | Series A-1 Preferred Stock | AGrant or awardAcquired | +2,857 | –F1 | – | 152,857 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2023 | Common Stock, par value $0.0001 per share | PPurchaseAcquired | +224,711 | –F1 | – | 12,024,711 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This Form 4 is being filed jointly pursuant to Rule 16a-1(a)(3) and Rule 16a-3(j) under the Securities Act of 1934, as amended (the "Exchange Act"), to report that on December 13, 2023, KORE Group Holdings, Inc. (the "Issuer") issued to Searchlight IV KOR, L.P. ("Searchlight IV KOR"), a warrant to acquire an aggregate of 224,711 shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), at an exercise price of $0.01 per share, subject to adjustment (the "Additional Warrant"), and 2,857 shares of Series A-1 Preferred Stock, $0.0001 par value per share (the "Series A-1 Preferred Stock") in exchange for a purchase price of $2,856,500. The Series A-1 Preferred Stock is not convertible into Common Stock. Previously, on November 15, 2023, Searchlight IV KOR acquired 150,000 shares of Series A-1 Preferred Stock and a warrant to acquire an aggregate of 11,800,000 shares of Common Stock, at an exercise price of $0.01 per share, subject to adjustment.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.