TUCSON,
Ariz., Nov. 22, 2023 /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 16, 2023, the Company
received an additional notice of non-compliance from the Nasdaq
Listing Qualifications Staff (the "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 (together, the "Delayed Reports") 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.
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. 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.