Kore Group receives ‘acceptance letter’ from NYSE ‘to regain compliance

KORE Group (KORE) Holdings announced it has received notification Acceptance Letter from the New York Stock Exchange that the NYSE has accepted the company’s previously-submitted plan to regain compliance with the NYSE’s continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders’ equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12…to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company’s business…