Annual report pursuant to Section 13 and 15(d)

Subsequent Events (Tables)

v3.22.1
Subsequent Events (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Preliminary Allocation Of The Consideration Paid For The Acquired Companies
The following table summarizes the preliminary allocation of the consideration transferred for the Acquired Companies, including the identified assets acquired and liabilities assumed as of the Acquisition Date. The purchase price allocation is preliminary and is subject to revision as additional information about the fair value of the assets acquired and liabilities assumed, including working capital, acquired intangibles and deferred income taxes, become available.
 
(in thousands)
  
 
 
Cash, including closing cash and working capital adjustments
  
$
47,336
 
Fair value of KORE common stock issued to sellers (4,212,246 shares)
  
 
23,294
 
 
  
 
 
 
Total consideration
  
$
70,630
 
Assets acquired:
 
 
 
 
Cash
  
 
1,996
 
Accounts receivable
  
 
3,115
 
Inventories
  
 
1,323
 
Prepaid expenses and other receivables
  
 
821
 
Property and equipment
  
 
201
 
Intangible assets
  
 
30,060
 
Total Assets acquired
 
 
37,516
 
Liabilities assumed:
 
 
 
 
Deferred tax liabilities
  
 
7,611
 
Accounts payable and accrued liabilities
  
 
2,607
 
Liabilities assumed
 
 
10,218
 
 
  
 
 
 
Net identifiable assets acquired
  
 
27,298
 
 
  
 
 
 
Goodwill (excess of consideration transferred over net identifiable assets acquired)
  
$
43,332