DALLAS, Feb. 12, 2021 /PRNewswire/ -- COMSovereign
Holding Corp. (NASDAQ: COMS) today announced the closing of an
underwritten public offering of 6,494,117 shares of common stock
(the "Shares") at a public offering price of $4.25 per share, which included the full exercise
of the underwriter's over-allotment option, for gross proceeds to
the Company of approximately $27.6
million, before deducting underwriting discounts and other
offering expenses.
Kingswood Capital Markets, division of Benchmark Investments,
Inc., acted as Sole Book Runner for the offering.
The shares of common stock described above were offered by
COMSovereign Holding Corp. pursuant to a registration statement on
Form S-1 (File No. 333-252780) filed with the Securities and
Exchange Commission (SEC). A final prospectus relating to this
offering was filed with the Securities and Exchange Commission on
February 10, 2021. Copies of the
final prospectus relating to this offering can be obtained at the
SEC's website at www.sec.gov, or from Kingswood Capital Markets,
division of Benchmark Investments Inc., 17 Battery Place, Suite
625, New York, NY 10004,
Attention: Syndicate Department, or via email at
syndicate@kingswoodcm.com or telephone at (212) 404-7002.
Before investing in this offering, interested parties should read
in their entirety the prospectus, which provides more information
about the Company and such offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
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-NR 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, 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
External Investor Relations:
Chris Tyson, Executive Vice
President
MZ Group - MZ North America
949-491-8235
COMS@mzgroup.us
www.mzgroup.us
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
View original content to download
multimedia:http://www.prnewswire.com/news-releases/comsovereign-holding-corp-announces-closing-of-27-6-million-underwritten-offering-of-common-stock-including-full-exercise-of-the-underwriters-over-allotment-option-301227734.html
SOURCE COMSovereign Holding Corp.