Tillkännagivande • Mar 29
COMSovereign Holding Corp. Files Form 15 COMSovereign Holding Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister Common Stock, Warrants to purchase Common Stock, and 9.25% Series A Cumulative Redeemable Perpetual Preferred under the Securities Exchange Act of 1934, as amended. Tillkännagivande • Mar 21
Nasdaq to Delist Common Stock of COMSovereign Holding Nasdaq announced that it will delist the perpetual preferred stock, common stock, and warrants of COMSovereign Holding Corp. COMSovereign Holding’s shares of perpetual preferred stock were suspended on January 23, 2024; the company’s shares of common stock and warrants were suspended on January 31, 2024, and have not traded on Nasdaq since that time. Tillkännagivande • Feb 02
COMSovereign Holding Corp.(OTCPK:COMS) dropped from S&P TMI Index COMSovereign Holding Corp.(OTCPK:COMS) dropped from S&P TMI Index Tillkännagivande • Feb 01
COMSovereign Holding Corp.(OTCPK:COMS) dropped from NASDAQ Telecom Index COMSovereign Holding Corp. has been dropped from NASDAQ Telecom Index . Tillkännagivande • Jan 31
COMSovereign Holding Corp.(OTCPK:COMS) dropped from NASDAQ Composite Index COMSovereign Holding Corp. has been dropped from NASDAQ Composite Index . Tillkännagivande • Jan 27
COMSovereign Holding Receives Non-Compliance Notice From Nasdaq On January 24, 2024, COMSovereign Holding Corp. (the “Company”) received written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2), because the closing bid price for the Company’s common shares was below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until July 22, 2024, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s common shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period. If the Company is not in compliance by July 22, 2024, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. Currently, the Company does not meet the minimum stockholders’ equity requirement of $2,500,000 as set forth in Nasdaq Listing Rule 5550(b)(1). If the Company does not regain compliance within any allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common shares will be subject to delisting. The Company intends to monitor the closing bid price of its common shares between now and July 22, 2024 and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. Because the Company is not compliant with the required minimum stockholders’ equity, its common shares and warrants (“securities”) are subject to delisting by Nasdaq. There can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing rules, and as such, there can be no assurance that the Company will be able to maintain the listing of its securities on Nasdaq. Tillkännagivande • Dec 18
COMSovereign Holding Receives Non-Compliance Notice From Nasdaq On December 12, 2023, COMSovereign Holding Corp. (the “Company”) received written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Staff had determined that an additional basis exists to delist the Company’s securities because its stockholders’ equity as reported in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 was less than the minimum requirement of $2,500,000 as set forth in Nasdaq Listing Rule 5550(b)(1), and it did not otherwise satisfy the alternative minimum requirements for market value of listed securities or net income from continuing operations. The Company previously requested and was granted a hearing before the Nasdaq Hearings Panel (the “Panel”), as well as a further stay of any suspension action by Nasdaq pending the issuance of a decision by the Panel and the expiration of any extension the Panel may grant to the Company following the hearing. At the hearing, the Company intends to present its plan to regain compliance with all applicable continued listing criteria and request an extension to do so. If the Panel denies the Company’s request for continued listing or if the Company is unable to evidence compliance within any extension of time that may be granted by the Panel, Nasdaq will provide written notification that the Company’s securities will be delisted and, as such, there can be no assurance that the Company will be able to maintain the listing of its securities on Nasdaq. Tillkännagivande • Nov 23
COMSovereign Holding Announces Receipt of Additional Nasdaq Listing Determination COMSovereign Holding Corp. announced that on November 16, 2023, the Company received an additional notice of non-compliance from the Nasdaq Listing Qualifications Staff given that, in addition to the Form 10-K for the year ended December 31, 2022, and the Forms 10-Q for the periods ended March 31, 2023 and June 30, 2023, the Company has not yet filed its Form 10-Q for the period ending September 30, 2023 with the Securities and Exchange Commission, as required by Nasdaq Listing Rule 5250(c)(1). The Company previously requested and was granted a hearing before the Nasdaq Hearings Panel (the “Panel”), at which it will present its plan to regain compliance with the filing requirement, as well as a further stay of any additional action by Nasdaq pending the issuance of the Panel’s decision and the expiration of any extension the Panel may grant to the Company following the hearing. There can be no assurance that the Panel will grant the Company’s request for continued listing or that the Company will be able to file the Delayed Reports within any extension of time that may be granted by the Panel. Tillkännagivande • Oct 21
COMSovereign Announces Receipt of Nasdaq Listing Determination, Company to Request Hearing and Further Stay COMSovereign Holding Corp. announced that on October 16, 2023, the Company received notice from the Nasdaq Listing Qualifications Staff (the "Staff") indicating that the Staff had determined to delist the Company's securities from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the "Panel"). The Company plans to timely request a hearing before the Panel, at which hearing the Company will present its plan to evidence compliance with Nasdaq's filing requirement and request an extension to do so. The Company will also request a further stay of any suspension action pending the Company's hearing and the expiration of any extension the Panel may grant to the Company following the hearing. The Staff's determination was based upon the Company's continued non-compliance with the filing requirement set in Nasdaq Listing Rule 5250(c)(1) because the Company has not yet filed its Form 10-K for the year ended December 31, 2022, and Forms 10-Q for the periods ended March 31, 2023, and June 30, 2023. Tillkännagivande • Aug 23
COMSovereign Receives Notice from Nasdaq Regarding Delayed Quarterly Report On August 22, 2023, COMSovereign Holding Corp. announced that on August 16, 2023, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’) because the Company failed to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2023 with the Securities and Exchange Commission (the ‘SEC’). As previously disclosed in the Form 12b-25 filed on March 31, 2023, by the Company with the SEC, it was unable to file the Form 10-K by the required due date of March 31, 2023, due to quantitative impairment testing and appraisals of goodwill and intangibles in order to comply with U.S. GAAP accounting principles. On July 22, 2023, the Staff granted the Company an exception until October 2, 2023, to file its delinquent Form 10-K for the fiscal year ended December 31, 2022 (the ‘Form 10-K’) and Forms 10-Q for the period ended March 31, 2023, and the period ended June 30, 2023. As a result of this additional delinquency, the Company must submit an update by August 31, 2023, to its plan to regain compliance with respect to the filing requirement. If Nasdaq accepts the Company's plan, it may grant an exception of up to 180 calendar days from the Filing's due date, or until October 16, 2023, for it to regain compliance. Tillkännagivande • May 22
COMSovereign Receives Notice from Nasdaq Regarding Delayed Quarterly Report On May 19, 2023, COMSovereign Holding Corp. announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’) because the Company failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2022 (the ‘Form 10-K’) and its Quarterly Report on Form 10-Q for the period ended March 31, 2023, with the Securities and Exchange Commission (the ‘SEC’). As previously disclosed in the Form 12b-25 filed on March 31, 2023 by the Company with the SEC, the Company was unable to file the Form 10-K by the required due date of March 31, 2023 because its Form 10-Q for the three and nine months ended September 30, 2022, was filed on February 24, 2022, there was insufficient time to close the books as of December 31, 2022, conduct additional quantitative impairment testing and complete the audit. These complexities have been compounded by the significant reductions in staff. Under Nasdaq rules, the Company has until June 20, 2023, to submit a plan to regain compliance with respect to these delinquent reports. If Nasdaq accepts the Company's plan, it may grant an exception of up to 180 calendar days from the Filing's due date, or until October 16, 2023, for it to regain compliance. Tillkännagivande • Jan 31
COMSovereign Holding Provides Compliance Update COMSovereign Holding Corp. announced the filing of its quarterly report on Form 10-Q for the period ended June 30, 2022, a requirement under its continued listing on the Nasdaq Capital Market. "We are pleased to have completed the filing of our second quarter financial report as we continue to make progress on our compliance plan approved by the Nasdaq Panel. The results of the quarter ended June 30, 2022 include the initial impacts of streamlining efforts, highlighted by a decrease in G&A and non-recurring, non-cash charges related to significant reductions in corporate overhead. These actions, combined with the additional business transition initiatives implemented late last year, are designed to refocus the Company, reduce expenses and debt, and improve its operational efficiencies, all critical steps in our plan to move COMSovereign forward," stated David Knight, CEO and President of COMSovereign. As announced on December 1, 2022, the Nasdaq Hearings Panel (the "Panel") granted the Company's request for continued listing on The Nasdaq Capital Market ("Nasdaq"). [2] The continued listing is subject to its evidencing compliance with the minimum bid price requirement and the filing requirements of timely periodic financial reports with the Securities and Exchange Commission, including filing its quarterly reports on Form 10-Q, all to be filed by February 24, 2023, and certain other conditions. On January 17, 2023, the Panel granted the Company an extension of its deadline to meet its minimum bid requirement, pending the results of its 2023 Annual Meeting, scheduled for February 8, 2023, at which stockholders are being asked, amongst other items, to vote on a reverse stock split required to maintain its listing on Nasdaq. The Company's full proxy statement is available for review here: Definitive Proxy Statement. "Our team remains focused on executing against our business transition plan, highlighted by the recent sales and disposition of non-core assets, cost reductions, the paydown of debt and progress with the filing of our quarterly financial reports," Mr. Knight added. "We are continually reviewing our business operations as we seek to further reduce costs and streamline the business as we begin implementing our wireless connectivity roadmap and associated solutions for our partners and customers under our long-term growth plan." The Company is working to file its Third Quarter 2022 periodic report with the Securities and Exchange Commission as soon as practicable and is otherwise taking definitive steps to evidence compliance with all other applicable criteria for continued listing on Nasdaq. The Company must continue to satisfy the time frame granted by the Panel. Tillkännagivande • Jan 19
COMSovereign Holding Corp., Annual General Meeting, Feb 08, 2023 COMSovereign Holding Corp., Annual General Meeting, Feb 08, 2023, at 15:30 US Eastern Standard Time. Tillkännagivande • Jan 06
An unknown buyer acquired RVision, Inc. from COMSovereign Holding Corp. (NasdaqCM:COMS). An unknown buyer acquired RVision, Inc. from COMSovereign Holding Corp. (NasdaqCM:COMS) on December 29, 2022. The sale of RVision happned due to a lawsuit. The consideration for the sale was the dismissal of the two lawsuits and $100.00.An unknown buyer completed the acquisition of RVision, Inc. from COMSovereign Holding Corp. (NasdaqCM:COMS) on December 29, 2022. Tillkännagivande • Dec 08
COMSovereign Holding Corp., Annual General Meeting, Jan 18, 2023 COMSovereign Holding Corp., Annual General Meeting, Jan 18, 2023, at 15:30 US Eastern Standard Time. Agenda: To approve a proposal to authorize the Board, in its sole and absolute discretion, and without further action of the stockholders, to file an amendment to Articles of Incorporation, to effect a reverse stock split of issued and outstanding common stock; to approve an amendment to the Company's 2020 Long-Term Incentive Plan, or the 2020 Plan, to increase the number of shares of common stock authorized for issuance under the 2020 Plan by 30,000,000 shares; to elect the four nominees for director; to ratify the appointment of Marcum LLP and to conduct any other business properly brought before the meeting, to increase the number of shares of common stock authorized for issuance under the 2020 Plan by 30,000,000 shares. Tillkännagivande • Dec 02
COMSovereign Receives Approval for Continued Nasdaq Listing COMSovereign Holding Corp. ("COMSovereign" or the "Company") announced that on November 29, 2022, a Nasdaq Hearings Panel (the "Panel") granted its request for continued listing on The Nasdaq Capital Market ("Nasdaq"). The Company's continued listing on Nasdaq is subject to its evidencing compliance with the minimum bid price requirement by February 2, 2023, and the filing requirements of timely periodic financial reports with the Securities and Exchange Commission, including filing its quarterly reports on Form 10-Q, all to be filed by February 24, 2023, and certain other conditions. The Company is working to file its delinquent periodic reports with the Securities and Exchange Commission as soon as practicable and is otherwise taking definitive steps to evidence compliance with all other applicable criteria for continued listing on Nasdaq. Tillkännagivande • Nov 21
COMSovereign Receives Anticipated Additional Delinquency Notice from Nasdaq COMSovereign Holding Corp. announced that on November 16, 2022, the Company received notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2022 (the "Q3 2022 Form 10-Q"), with the Securities and Exchange Commission (the "SEC") could serve as an additional basis for delisting under Nasdaq Listing Rule 5250(c)(1) (the "Filing Requirement"). The Company has already presented its plan to regain compliance with the Filing Requirement, including via the filing of the Third Quarter 2022 Form 10-Q with the SEC, to a Nasdaq Hearings Panel ("the Panel"). At the hearing, the Company requested the continued listing of its securities on Nasdaq pending the Company's compliance with all applicable listing criteria, including the Filing Requirement and the $1.00 bid price requirement, which remains under consideration by the Panel. There can be no assurance that the Panel will grant the Company's request or that the Company will be able to timely satisfy the terms of any extension that may be granted by the Panel. COMSovereign intends to update the market promptly following receipt of the Panel's determination. Tillkännagivande • Oct 14
COMSovereign Holding Corp. Announces Management Changes COMSovereign Holding Corp. announced that on October 10, 2022, Brent Davies, a member of the Board of Directors announced his resignation from the Board and all committees thereof. Mr. Davies had been a member of the Board since November 2019, and was chair of the Audit Committee. Mr. Davies advised the Company that he was resigning to pursue other professional opportunities. The Nominating & Governance Committee of the Board is seeking and will be reviewing qualified candidates to fill the vacant board seat. Director Richard Berman, who has been a member of the Board since November 2019, and who is an Audit Committee Financial Expert as defined by Nasdaq Rule 5605(c)(2)(A), has accepted the position of Interim Chair of the Audit Committee. Tillkännagivande • Oct 13
COMSovereign Holding Announces Receipt of Nasdaq Listing Determination On October 12, 2022, COMSovereign Holding Corp. announced that on October 5, 2022, the company received notice from the Nasdaq Listing Qualifications Staff (the ‘Staff’) indicating that it had determined to delist the Company's securities from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the ‘Panel’). The Staff's determination was based upon the Company evidencing a closing bid price of less than $0.10 per share for the preceding ten consecutive trading days, in contravention of Nasdaq Listing Rule 5810(3)(A)(iii), and the Company's continued non-compliance with the filing requirement set forth in Nasdaq Listing Rule 5250(c)(1). The Company intends to timely request a hearing before the Panel and a stay of any further action by Nasdaq pending the issuance of a decision by the Panel and the expiration of any extension the Panel may grant to the Company following the hearing. Tillkännagivande • Oct 04
Comsovereign Holding Corp. to Begin the Sale of Fastback Radios to Tier One Wireless Network Operators and Communications Service Providers in Mexico COMSovereign Holding Corp. announced that following receipt of the required certifications from Mexico'sFederal Telecommunications Institute (the Instituto Federal De Telecomunicaciones or "IFT"), its Fastback AnyLOS ä (Any Line of Sight) IBR 1300 (Intelligent Backhaul Radio) is approved sales to all tier one wireless carriers and private wireless network operators in Mexico. The full certification in Mexico follows extensive testing and evaluation by the country's regulatory agency. Certification and the launch of Fastback radios in Mexico represents a major market expansion opportunity for COMSovereign. Currently, Fastback radios are deployed in tier-one wireless networks and by multiple Communications Service Providers ("CSPs") in the United States and Canada where they enable operators to quickly and economically add capacity to their networks. Fastback's Non-Line of Sight (NLOS) technology overcomes many of the limitations of traditional point-to-point radios, allowing customers to quickly add capacity and respond to outages caused by anything from simple fiber cuts to wide-spread natural disasters such as hurricanes. Delivering high capacity, reliable bandwidth, Fastback radios have also been chosen to support connectivity at many of the largest sporting events including the Super Bowl, the U.S. Open, College Athletics as well as multiple festivals and concerts. Tillkännagivande • Aug 26
COMSovereign Receives Notice from Nasdaq Regarding Delayed Quarterly Report COMSovereign Holding Corp. announced that on August 17, 2022, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company failed to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2022, with the Securities and Exchange Commission (the "SEC"). On July 22, 2022, Staff granted the Company an exception until September 1, 2022, to file its delinquent Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") and Form 10-Q for the period ended March 31, 2022 (the "March 31, 2022 Form 10-Q"). The Company filed its Form 10-K for the period ended December 31, 2021 on August 16, 2022. Under the terms of the exception, the Company is required to evidence compliance with all delinquent filings by September 1, 2022. As a result of this additional delinquency, the Company must submit an update by September 1, 2022 to its plan to regain compliance with respect to the filing requirement. Tillkännagivande • Jun 22
An unknown buyer acquired the Sovereign Plastics Business Unit of COMSovereign Holding Corp. (NasdaqCM:COMS) for $2 million. An unknown buyer acquired the Sovereign Plastics Business Unit of COMSovereign Holding Corp. (NasdaqCM:COMS) for $2 million on June 21, 2022.
An unknown buyer completed the acquisition of the Sovereign Plastics Business Unit of COMSovereign Holding Corp. (NasdaqCM:COMS) on June 21, 2022. Tillkännagivande • May 26
COMSovereign Receives Notice from Nasdaq Regarding Delayed Quarterly Report COMSovereign Holding Corp. announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2021 (the "Form 10-K") and its Quarterly Report on Form 10-Q for the period ended March 31, 2022, with the Securities and Exchange Commission (the "SEC"). As previously disclosed in the Form 12b-25 filed on March 31, 2022 by the Company with the SEC, the Company was unable to file the Form 10-K by the required due date of March 31, 2022 due to the six acquisitions completed by the Company during the last fiscal year, two of which are based outside of the United States, requiring complex outside valuations and purchase price allocations in order to comply with U.S. GAAP accounting principles. In addition, the Company is obtaining appraisals of impairment of goodwill, which has taken more time than expected. Under Nasdaq rules, the Company has until June 20, 2022, to submit a plan to regain compliance with respect to these delinquent reports. If Nasdaq accepts the Company's plan, it may grant an exception of up to 180 calendar days from the Filing's due date, or until October 12, 2022, for it to regain compliance. As previously disclosed in the Form 12b-25 filed on March 31, 2022 by the Company with the SEC, the Company was unable to file the Form 10-K by the required due date of March 31, 2022 due to the six acquisitions completed by the Company during the last fiscal year, two of which are based outside of the United States, requiring complex outside valuations and purchase price allocations in order to comply with U.S. GAAP accounting principles. In addition, the Company is obtaining appraisals of impairment of goodwill, which has taken more time than expected. Under Nasdaq rules, the Company has until June 20, 2022, to submit a plan to regain compliance with respect to these delinquent reports. If Nasdaq accepts the Company's plan, it may grant an exception of up to 180 calendar days from the Filing's due date, or until October 12, 2022, for it to regain compliance. Tillkännagivande • Apr 01
COMSovereign Holding Corp. announced delayed annual 10-K filing On 03/31/2022, COMSovereign Holding Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Tillkännagivande • Jan 22
COMSovereign Holding Receives Nasdaq Notification Regarding Minimum Bid Requirements COMSovereign Holding Corp. ("COMSovereign" or the "Company") announced that on January 18, 2022, the Company received a written notice (the "Notice") from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for common shares were below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until July 18, 2022, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company's common shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period. If the Company is not in compliance by July 18, 2022, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company's common shares will be subject to delisting. The Company intends to monitor the closing bid price of its common shares between now and July 18, 2022 and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. The Company's common shares will continue to be listed and trade on the Nasdaq Capital Market during this period, unaffected by the receipt of the written notice from Nasdaq. Tillkännagivande • Jan 12
COMSovereign Holding Corp. Provides Revenue Guidance for the Fourth Quarter and Full Year Ended December 31, 2021 COMSovereign Holding Corp. provided revenue guidance for the fourth quarter and full year ended December 31, 2021. Based upon preliminary unaudited review, the company expects to report revenues for the quarter ended December 31, 2021 of approximately $6 million, an increase of over 200% compared to revenue of $1.9 million reported for the quarter ended December 31, 2020. Sales in the fourth quarter of 2021 included a $3.5 million order of DragonWave radios. Revenues for the 12 months ended December 31, 2021 are expected to exceed $15.8 million, an increase of over 68% compared to the $9.4 million reported for fiscal year 2020.