Post by icemandios on Dec 10, 2020 13:47:03 GMT
We are offering 3,968,253 units, each unit consisting of one share of our common stock, $0.0001 par value, and one warrant, each warrant exercisable for one share of common stock in a firm commitment underwritten offering at an assumed public offering price of $6.30 per unit (based upon the last reported sale price of our common stock on the OTCQB on December 4, 2020, as adjusted for a reverse stock split of 1 -for-3 ). The warrants included within the units are exercisable immediately, will have an exercise price per share of common stock equal to 125% of the public offering price of one unit, and will expire five years from the date of issuance. The shares of common stock and warrants that are part of the units are immediately separable and will be issued separately in this offering. The offering also includes the shares of common stock issuable from time to time upon exercise of the warrants.
Our common stock is currently quoted on the OTCQB market, operated by OTC Markets Group, under the symbol “COMS.” On December 4, 2020, the last reported sales price of our common stock as reported on the OTCQB was $2.10 per share ($6.30 per share assuming a reverse stock split of 1 -for-3 ). We have applied to list our common stock and the warrants included with the units on the Nasdaq Capital Market under the symbol “COMS” and “COMSW,” respectively, which listing we expect to occur upon consummation of this offering and is a condition of this offering. No assurance can be given that our application will be approved or that a trading market will develop for the warrants included within the units.
The final public offering price per unit will be determined through negotiation between us and the underwriter in this offering and will take into account the recent market price of our common stock, the general condition of the securities market at the time of this offering, the history of, and the prospects for, the industry in which we compete, and our past and present operations and our prospects for future revenues. The recent market price used throughout this prospectus may not be indicative of the public offering price per unit.
Unless otherwise noted and other than in our financial statements and the notes thereto, the share and per share information in this prospectus reflects a proposed reverse stock split of the outstanding common stock at an assumed 1 -for-3 ratio to occur following the effective date but prior to the closing of this offering.
Form S1/A
Our common stock is currently quoted on the OTCQB market, operated by OTC Markets Group, under the symbol “COMS.” On December 4, 2020, the last reported sales price of our common stock as reported on the OTCQB was $2.10 per share ($6.30 per share assuming a reverse stock split of 1 -for-3 ). We have applied to list our common stock and the warrants included with the units on the Nasdaq Capital Market under the symbol “COMS” and “COMSW,” respectively, which listing we expect to occur upon consummation of this offering and is a condition of this offering. No assurance can be given that our application will be approved or that a trading market will develop for the warrants included within the units.
The final public offering price per unit will be determined through negotiation between us and the underwriter in this offering and will take into account the recent market price of our common stock, the general condition of the securities market at the time of this offering, the history of, and the prospects for, the industry in which we compete, and our past and present operations and our prospects for future revenues. The recent market price used throughout this prospectus may not be indicative of the public offering price per unit.
Unless otherwise noted and other than in our financial statements and the notes thereto, the share and per share information in this prospectus reflects a proposed reverse stock split of the outstanding common stock at an assumed 1 -for-3 ratio to occur following the effective date but prior to the closing of this offering.
Form S1/A