Cerberus Telecom Acquisition today filed an S-4 outlining its proposed business cvombination with KORE Wireless Group, which is engaged in Internet of Things (“IoT”) Solutions and worldwide Connectivity-as-a-Service (“CaaS”).
Announced last month, the deal reflects a pro-forma enterprise value for the combined company of $1.014 billion.
The transaction is expected to provide approximately $484 million in cash to the combined company, including a $225 million PIPE that was initially oversubscribed and upsized due to high demand. The PIPE is anchored by institutional investors including Koch Strategic Platforms, and funds and accounts managed by BlackRock. Read more.
