KORE Wireless is emerging from the shadows to become a major player in enterprise IoT in the 5G era by going public via a $1bn SPAC (special purpose acquisitions company) deal. Under the arrangement, scheduled for completion in mid-2021, KORE will merge with private equity firm Cerberus Capital Management, which is already publicly traded in a deal that values the combined entity at a pro-forma enterprise value of $1.01bn. According to KORE, its deal with Cerberus Telecom Acquisition Corp (CTAC) will raise about $484m in cash that will be used for investment in its IoT portfolio with the aim of being a major player in a rapidly expanding field. CTAC is a SPAC that raised $250m through an initial public…