KORE Power, Inc. announced that it has entered into securities purchase agreement for the private placement of 3,333,333 shares at an issue price of $7.50 per share, representing approximately 5% of the common equity of company for an aggregate gross proceeds of $25,000,000 of which been paid in a combination of 50% cash and 50% through the issue of 1,974,723 of ordinary shares on January 24, 2022.