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Cerberus Telecom Acquisition Corp (NYSE: CTAC, CTACU, CTACWS) has postponed its Extraordinary Special Meeting from September 16, 2021, to September 22, 2021, at 10:00 a.m. ET. As of September 14, 2021, 90.39% of public shareholders had tendered their shares for redemption. The meeting will be held in Grand Cayman and virtually. Shareholders are encouraged to vote via proxy ahead of the meeting. CTAC is focused on the potential merger with KORE and emphasizes the importance of reviewing all proxy materials filed with the SEC.
Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) announced the filing of a registration statement on Form S-4 with the SEC, detailing its proposed merger with KORE Wireless Group, Inc. The transaction has an enterprise value of $1.014 billion and includes a $225 million PIPE investment from leading institutional investors. Following the merger, the combined entity will operate under the ticker symbol 'KORE' and aims to leverage KORE's growth in IoT solutions. The merger is expected to close mid-2021, pending shareholder approval.
