Annual report [Section 13 and 15(d), not S-K Item 405]

ACQUISITIONS (Tables)

v3.25.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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 (2,000,000 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