IoT Leader KORE Announces Innovative Redemption Backstop Convertible Bond to Facilitate Public Listing

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The post IoT Leader KORE Announces Innovative Redemption Backstop Convertible Bond to Facilitate Public Listing appeared first on IoT For All

KORE signed a backstop agreement with Fortress Credit Corp. which provides KORE/CTAC with the ability to borrow up to $120 million, if necessary, to help satisfy the minimum cash condition at the closing of the merger with CTAC.

The post IoT Leader KORE Announces Innovative Redemption Backstop Convertible Bond to Facilitate Public Listing appeared first on IoT For All.

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