COMSovereign Receives Notice from Nasdaq Regarding Delayed Quarterly Report
- None.
- Non-compliance with filing rules may negatively affect stock price.
TUCSON, Ari., Aug. 22, 2023 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a
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
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.
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
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. 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.
