Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Appears July is our lucky month, and by "our," I mean "my" on this board lol
"If things go well, and there seems to be no reason why they shouldn’t, in July this year KORE will merge with Cerberus Telecom Acquisition Corporation..."
Per the news: "The CTAC shareholder meeting on the proposed merger with KORE is expected to take place in July..." I expect a yes after their DD is completed. Kore doing well, blank check awaiting the approval, and away we go to publicly listed.
Lovely, I created a new board for CTAC, which is the blank check company about to merge with Kore Wireless in a deal that's supposedly worth over $1 billion when it is all said and done. "The fully diluted pro-forma implied enterprise value of the combined company is approximately $1.014 billion at the $10.00 per share PIPE price." https://www.otcmarkets.com/stock/CTAC/news/story?e&id=1837536
Note: Merger is expected to be completed summer of this year, but can fall through if certain criteria cannot be met or something is found in the DD by either party. There is risk here, this is currently a shell/blank check company, but it could all change for the better once merger goes through.