DALLAS, Dec. 1, 2022
/PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and
COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of
4G LTE Advanced and 5G communication systems and solutions, today
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.
The Company must satisfy the time frame granted by the Panel or
Nasdaq will provide written notification that its securities will
be delisted. There are no assurances that the Company will be able
to maintain the listing of its securities on Nasdaq.
For more information about COMSovereign, please visit
www.COMSovereign.com and connect with us on Facebook and
Twitter.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a
portfolio of communications technology companies that enhance
connectivity across the entire data transmission spectrum. Through
strategic acquisitions and organic research and development
efforts, COMSovereign has become a U.S.-based communications
provider able to provide 4G LTE Advanced and 5G telecom solutions
to network operators and enterprises. For more information about
COMSovereign, please visit www.COMSovereign.com.
Forward-Looking Statements
Certain statements in this press release that are not historical
facts are forward-looking statements that reflect management's
current expectations, assumptions, and estimates of future
performance and economic conditions, and involve risks and
uncertainties that could cause actual results to differ materially
from those anticipated by the statements made herein.
Forward-looking statements are generally identifiable by the use of
forward-looking terminology such as "believe," "expects," "may,"
"looks to," "will," "should," "plan," "intend," "on condition,"
"target," "see," "potential," "estimates," "preliminary," or
"anticipates" or the negative thereof or comparable terminology, or
by discussion of strategy or goals or other future events,
circumstances, or effects. Moreover, forward-looking statements in
this release include, but are not limited to, the impact of the
current COVID-19 pandemic, which may limit access to the Company's
facilities, customers, management, support staff, and professional
advisors, and to develop and deliver advanced voice and data
communications systems, demand for the Company's products and
services, the availability of parts and components for the
manufacture of products, economic conditions in the U.S. and
worldwide, and the Company's ability to recruit and retain
management, technical, and sales personnel. Further information
relating to factors that may impact the Company's results and
forward-looking statements are disclosed in the Company's filings
with the SEC. The forward-looking statements contained in this
press release are made as of the date of this press release, and
the Company disclaims any intention or obligation, other than
imposed by law, to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
Contacts:
Steve Gersten, Director of
Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE COMSovereign Holding Corp.