Cerberus Telecom Acquisition Corp.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 875 Third Avenue New York City NY United States of America
- IPO Date
- Oct 21, 2020
- CIK
- 0001743725
- Website
- cerberusacquisition.com
- Similar Companies
- Business
- Cerberus Telecom Acquisition Corp. is a special purpose acquisition company (SPAC) formed by an affiliate of Cerberus Capital Management, L.P., primarily focused on the telecommunications and information technology sectors. The company was established to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the information and communications technology industry. Cerberus Telecom Acquisition Corp. is headquartered in the Cayman Islands and operates primarily in the United States and other developed countries. The company's core business involves facilitating the public listing and capital access for target companies through reverse mergers and acquisition transactions. Notably, Cerberus Telecom Acquisition Corp. completed a reverse merger with KORE Wireless Group Inc., a global leader in Internet of Things (IoT) solutions and Connectivity-as-a-Service, which operates across global markets. This transaction, finalized in September 2021, brought KORE public on the New York Stock Exchange, raising approximately $484 million in gross cash proceeds, including a $225 million PIPE (private investment in public equity) investment anchored by institutional investors such as Koch Strategic Platforms and BlackRock. Recent major changes include the completion of the merger with KORE Wireless Group Inc., positioning the combined entity for accelerated growth supported by strong liquidity exceeding $100 million post-closing. The merger aligned Cerberus Telecom Acquisition Corp. with an industry leader in IoT platforms encompassing device deployment, connectivity management, and application enablement services. Following the business combination, CTAC ceased independent operations as it was absorbed by KORE Wireless Group Inc., which continues to expand through organic growth and acquisitions in next-generation telecommunications solutions, edge computing, private wireless networks, and AI-driven network services. Cerberus Telecom Acquisition Corp. benefits from Cerberus Capital Management’s extensive experience and resources across asset classes and geographies, focusing on next-generation technologies and telecommunications infrastructure. The company's strategic partnership and merger activities reflect a targeted focus on high-growth technology-enabled communication services and IoT ecosystems, serving enterprise, industrial, and government sectors worldwide. Founded in the 2020s and headquartered in the Cayman Islands, Cerberus Telecom Acquisition Corp. operates as a vehicle for strategic acquisitions facilitated by Cerberus Capital Management. It plays a critical role in capital markets by enabling technology and telecom companies like KORE Wireless Group Inc. to access public equity financing and pursue expansion initiatives globally. The company’s recent activities exemplify its commitment to driving growth and innovation in the telecom and IoT sectors through synergistic business combinations and capital market strategies.
Cerberus Telecom Acquisition Corp. Announces New Date for Special Meeting of Shareholders and Additional Sources of Liquidity for Post-Closing Public Company
IoT Leader KORE Announces Effectiveness of S-4 Registration Statement For Proposed Combination With Cerberus-backed CTAC
KORE Simplifies Global IoT Deployments, Overcomes Roaming Restrictions with eSIM Localization
KORE Critical Asset Monitoring Solution Now Available in AWS Marketplace
Cerberus Telecom Acquisition Corp. Files Registration Statement on Form S-4 as Part of Proposed Combination with KORE Wireless, a global leader in IoT
KORE Hosts Investor Webcast in Connection with its Previously Announced Combination with Cerberus Telecom Acquisition Corp.
KORE Named as a Leader in 2021 Magic Quadrant for Managed IoT Connectivity Services
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Cerberus Telecom Acquisition Corp. - CTAC
KORE to List on NYSE through Merger with Cerberus Telecom Acquisition Corp.
Cerberus Telecom Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing December 11, 2020