KORE Receives NYSE Notice Regarding Late Form 10-K Filing
KORE Group Holdings (NYSE: KORE), an IoT solutions provider, received a notice from the NYSE on April 16, 2025, regarding its non-compliance with listing standards due to delayed filing of its 2024 Annual Report (Form 10-K). The notice grants KORE a six-month period until October 15, 2025, to file the report and regain compliance.
While the notice doesn't immediately affect KORE's NYSE listing, the exchange may initiate delisting proceedings if deemed necessary. The company attributes the delay to additional time needed for financial reporting and closing procedures, and expects to file the Form 10-K by April 30, 2025.
KORE Group Holdings (NYSE: KORE), un fornitore di soluzioni IoT, ha ricevuto il 16 aprile 2025 una comunicazione dalla NYSE riguardante la mancata conformità agli standard di quotazione a causa del ritardo nella presentazione del suo Rapporto Annuale 2024 (Modulo 10-K). La comunicazione concede a KORE un periodo di sei mesi, fino al 15 ottobre 2025, per presentare il rapporto e ristabilire la conformità.
Pur non influenzando immediatamente la quotazione di KORE alla NYSE, l’exchange potrebbe avviare procedure di esclusione se lo riterrà necessario. L’azienda attribuisce il ritardo al tempo aggiuntivo richiesto per le procedure di rendicontazione finanziaria e di chiusura, e prevede di presentare il Modulo 10-K entro il 30 aprile 2025.
KORE Group Holdings (NYSE: KORE), un proveedor de soluciones IoT, recibió el 16 de abril de 2025 un aviso de la NYSE por incumplimiento de los estándares de listado debido a la presentación tardía de su Informe Anual 2024 (Formulario 10-K). El aviso otorga a KORE un plazo de seis meses, hasta el 15 de octubre de 2025, para presentar el informe y recuperar la conformidad.
Aunque el aviso no afecta de inmediato la cotización de KORE en la NYSE, la bolsa podría iniciar procedimientos de exclusión si lo considera necesario. La compañía atribuye el retraso al tiempo adicional requerido para los informes financieros y los procesos de cierre, y espera presentar el Formulario 10-K antes del 30 de abril de 2025.
KORE Group Holdings(NYSE: KORE)는 2025년 4월 16일 NYSE로부터 2024년 연례 보고서(Form 10-K) 제출 지연으로 인해 상장 기준 미준수 통지를 받았습니다. 이 통지는 KORE에게 2025년 10월 15일까지 6개월의 기간을 부여하여 보고서를 제출하고 준수 상태를 회복할 수 있도록 했습니다.
이 통지가 즉시 KORE의 NYSE 상장에 영향을 미치지는 않지만, 필요하다고 판단될 경우 거래소는 상장 폐지 절차를 시작할 수 있습니다. 회사는 지연 사유를 재무 보고 및 마감 절차에 추가 시간이 필요했기 때문이라고 설명하며, 2025년 4월 30일까지 Form 10-K를 제출할 계획입니다.
KORE Group Holdings (NYSE : KORE), un fournisseur de solutions IoT, a reçu le 16 avril 2025 un avis de la NYSE concernant son non-respect des normes de cotation en raison du retard dans le dépôt de son rapport annuel 2024 (Formulaire 10-K). L’avis accorde à KORE un délai de six mois, jusqu’au 15 octobre 2025, pour déposer le rapport et retrouver la conformité.
Bien que cet avis n’affecte pas immédiatement la cotation de KORE à la NYSE, la bourse pourrait engager une procédure de radiation si cela s’avère nécessaire. La société attribue ce retard au temps supplémentaire nécessaire aux procédures de reporting financier et de clôture, et prévoit de déposer le formulaire 10-K d’ici le 30 avril 2025.
KORE Group Holdings (NYSE: KORE), ein Anbieter von IoT-Lösungen, erhielt am 16. April 2025 eine Mitteilung von der NYSE wegen Nichteinhaltung der Börsenzulassungsstandards aufgrund der verspäteten Einreichung seines Jahresberichts 2024 (Formular 10-K). Die Mitteilung gewährt KORE eine Frist von sechs Monaten bis zum 15. Oktober 2025, um den Bericht einzureichen und die Konformität wiederherzustellen.
Obwohl die Mitteilung die Notierung von KORE an der NYSE nicht sofort beeinträchtigt, kann die Börse bei Bedarf ein Delisting-Verfahren einleiten. Das Unternehmen führt die Verzögerung auf den zusätzlichen Zeitbedarf für die Finanzberichterstattung und Abschlussarbeiten zurück und erwartet die Einreichung des Formulars 10-K bis zum 30. April 2025.
- Company has been granted a six-month compliance period with possibility of extension
- Clear timeline provided for anticipated Form 10-K filing by April 30, 2025
- Failure to timely file 2024 Form 10-K, indicating potential internal control or reporting issues
- Risk of NYSE delisting if compliance is not achieved within the specified timeframe
- Additional time and resources required for financial reporting suggests possible complications in closing procedures
The Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The Notice informed the Company that, under NYSE rules, the Company has six months from April 15, 2025 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC. The NYSE further noted that, if the Company fails to file the Form 10-K within the six-month period, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The Notice also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.
As previously disclosed in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on April 1, 2025, the Company was unable to file the Form 10-K within the prescribed period because additional time, resources and effort are required to complete work related to its financial reporting and closing procedures. KORE currently anticipates filing the Form 10-K on April 30, 2025.
About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. For more information, visit korewireless.com.
Cautionary Note on Forward-Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include statements regarding the anticipated timing of the Company's filing of the Form 10-K. These forward-looking statements are subject to a number of factors and uncertainties that could cause the Company's actual results, performance, liquidity or achievements to differ materially from those expressed in or contemplated by the forward-looking statements. Such factors include, but are not limited to, the risk that additional or different information may become known prior to the expected filing of the periodic report described herein. Other risk factors affecting the Company are discussed in the Company's filings with the SEC available at www.sec.gov. The Company cautions you that the list of risk factors included in the Company's SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by law.
KORE Investors Contact:
Vik Vijayvergiya
Vice President, IR, Corporate Development and Strategy
vvijayvergiya@korewireless.com
(770) 280-0324
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SOURCE KORE Group Holdings, Inc.
FAQ
What is the deadline for KORE Holdings to file its delayed Form 10-K to maintain NYSE compliance?
Will KORE stock be immediately delisted from NYSE due to the late 10-K filing?
When does KORE expect to file its delayed 2024 Form 10-K?
What happens if KORE fails to file its Form 10-K within the six-month compliance period?
