Cerberus Telecom Acquisition Corp.

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CERBERUS TELECOM MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF CERBERUS TELECOM ACQUISITION CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – CTAC.U, CTAC, CTAC WS

April 28, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) and KORE Wireless Group, Inc. is fair to Cerberus Telecom shareholders. Assuming no public shareholders of Cerberus Telecom exercise their redemption rights, Abry Partners and existing KORE equity holders will own approximately 38.3%, Cerberus Telecom shareholders will own approximately 36.8%, and PIPE investors will own approximately 24.9% of the issued and outstanding common stock of the combined company at closing.

The investigation concerns whether Cerberus Telecom and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Cerberus Telecom shareholders; and (2) disclose all material information necessary for Cerberus Telecom shareholders to adequately assess and value the merger consideration. On behalf of Cerberus Telecom shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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