Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Allocation of Consideration Transferred for Acquired Companies
The following table sets forth a summary of the allocation of the consideration transferred, including the identified assets acquired and liabilities assumed as of the acquisition date:

(in thousands) Fair Value
Fair value of KORE common stock issued to sellers (10,000,000 shares)
 $ 14,700 
Total consideration $ 14,700 
Assets acquired:
Intangible assets $ 11,500 
Inventories 326 
Property and equipment 36 
Total Assets acquired $ 11,862 
Liabilities assumed:
Accrued liabilities $ 405 
Total liabilities assumed $ 405 
Net identifiable assets acquired 11,457 
Goodwill (excess of consideration transferred over net identifiable assets acquired) $ 3,243 
The following table sets forth a summary of the allocation of the consideration transferred for BMP, including the identified assets acquired and liabilities assumed as of the acquisition date:

(in thousands) Fair Value
Cash, (net of closing cash of $1,995) and working capital adjustments
 $ 46,002 
Fair value of KORE Common Stock issued to sellers (4,212,246 shares)
 23,295 
Total consideration $ 69,297 
Assets acquired:
Intangible assets $ 28,664 
Accounts receivable 3,303 
Inventories 1,323 
Prepaid expenses and other receivables 976 
Property and equipment 201 
Total assets acquired $ 34,467 
Liabilities assumed:
Deferred tax liabilities $ 7,391 
Accounts payable and accrued liabilities 2,638 
Total liabilities assumed $ 10,029 
Net identifiable assets acquired 24,438 
Goodwill (excess of consideration transferred over net identifiable assets acquired) $ 44,859