Kore Group announced that its Board of Directors has approved a 1-for-5 reverse stock split of the company’s common stock. The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on July 1, 2024. The company’s common stock is expected to commence trading on a split-adjusted basis when the New York Stock Exchange opens on July 1, 2024 under the existing trading symbol “KORE.” The new CUSIP number for the company’s common stock following the reverse stock split will be 50066V 305.
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