Dotmar Investments Holds 12.6% Stake in KORE Group Holdings

Ticker: KORGW · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1855457

Kore Group Holdings, INC. SC 13G/A Filing Summary
FieldDetail
CompanyKore Group Holdings, INC. (KORGW)
Form TypeSC 13G/A
Filed DateJan 23, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$0.0001
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investor

TL;DR

**Dotmar Investments still owns 12.6% of KORE Group Holdings, showing strong conviction.**

AI Summary

Dotmar Investments Limited, based in Jersey, Channel Islands, filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in KORE Group Holdings, Inc. As of December 31, 2023, Dotmar beneficially owned 10,000,000 shares of KORE's Common Stock, representing 12.6% of the company. This filing indicates a significant, continued stake by Dotmar, which could influence KORE's stock price due to a large institutional holder's conviction.

Why It Matters

This filing shows a major investor, Dotmar Investments, maintains a substantial 12.6% ownership in KORE Group Holdings, signaling their continued belief in the company's future. Such a large, stable institutional holding can provide a sense of security for other investors and potentially influence future strategic decisions.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant ownership stake by an institutional investor, which generally reduces volatility and provides a degree of confidence.

Analyst Insight

Investors should note Dotmar Investments' continued substantial stake, as it suggests a long-term institutional belief in KORE Group Holdings. While not a direct buy signal, it provides a level of stability and could be a factor in assessing the company's institutional support.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% but less than 20% of a company's stock. The 'A' indicates it's an amendment to a previously filed statement, updating the ownership information, as seen with Dotmar Investments Limited's updated stake in KORE Group Holdings, Inc. as of December 31, 2023.

Who is the reporting person in this filing and what company do they own shares in?

The reporting person is Dotmar Investments Limited, and they own shares in KORE Group Holdings, Inc. This is clearly stated on the cover page and in Item 1 of the filing.

How many shares of KORE Group Holdings, Inc. does Dotmar Investments Limited beneficially own, and what percentage does this represent?

As of December 31, 2023, Dotmar Investments Limited beneficially owns 10,000,000 shares of KORE Group Holdings, Inc. Common Stock, which represents 12.6% of the class, as detailed in Item 4 of the filing.

What is the CUSIP number for KORE Group Holdings, Inc. Common Stock?

The CUSIP number for KORE Group Holdings, Inc. Common Stock is 50066V107, as stated on the cover page of the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G/A was filed under Rule 13d-1(c), as indicated by the checked box on the cover page of the filing.

Filing Stats: 1,004 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-01-23 16:30:26

Key Financial Figures

Filing Documents

(a)

Item 2(a). Name of Person Filing

(b)

Item 2(b). Address of Principal Business Office

(c)

Item 2(c). Citizenship Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This (i) Dotmar Investments Limited First Floor, 7 Esplanade St Helier Jersey JE2 3QA Channel Islands Citizenship: Jersey, Channel Islands (ii) Richard Burston 5 Harley Gardens London, United Kingdom SW10 9SW Citizenship: Canada

(d)

Item 2(d). Title of Class of Securities Common Stock, par value $0.0001 per share the (the Common Stock)

(e)

Item 2(e). CUSIP Number 50066V107 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. (a) Amount beneficially owned: The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. As of December 31, 2023, Dotmar Investments Limited directly holds 4,236,464 shares of Common Stock and Richard Burston directly holds 89,213 shares of Common Stock. Richard Burston is the Chairman of Dotmar Investments Limited. 4 Calculations of the percentage of shares of Common Stock beneficially owned is based on 82,380,381 shares of Common Stock outstanding as of December 13, 2023, as reported in the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 13, 2023. (b) Percent of class: Each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Common Stock listed on such Reporting Persons cover page. (c) Number of Shares as to which the Reporting Person has: (i) Sole power to vote or to direct the vote: See each cover page hereof. (ii) Shared power to vote or to direct the vote: See each cover page hereof. (iii) Sole power to dispose or to direct the disposition of: See each cover page hereof. (iv) Shared power to dispose or to direct the disposition of: See each cover page hereof. Item5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item6. Not applicable. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not applicable. Item8. Ident

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