Post by icemandios on Dec 16, 2022 15:07:49 GMT
COMSovereign Files 10-Q For the Quarter Ended March 31, 2022 as Part of Ongoing Plan to Regain Compliance with Nasdaq Listing Requirements
PR Newswire
DALLAS , Dec. 16, 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 announced the filing yesterday of its quarterly report on Form 10-Q for the period ended March 31, 2022 , a requirement under its continued listing on the Nasdaq Capital Market.
As announced on December 1, 2022 , the Nasdaq Hearings Panel (The continued listing 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 filing of our first quarter 10-Q for the period ended March 31, 2022 is the first step on our path to regain compliance with our filing requirements as outlined by the Nasdaq Panel," said David Knight , CEO and President of COMSovereign. "It should be noted that the first quarter report does not yet reflect our efforts to drastically reduce operating expenses, including approximately a 75% reduction in headcount."
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 continue to satisfy the time frame 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 .
PR Newswire
DALLAS , Dec. 16, 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 announced the filing yesterday of its quarterly report on Form 10-Q for the period ended March 31, 2022 , a requirement under its continued listing on the Nasdaq Capital Market.
As announced on December 1, 2022 , the Nasdaq Hearings Panel (The continued listing 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 filing of our first quarter 10-Q for the period ended March 31, 2022 is the first step on our path to regain compliance with our filing requirements as outlined by the Nasdaq Panel," said David Knight , CEO and President of COMSovereign. "It should be noted that the first quarter report does not yet reflect our efforts to drastically reduce operating expenses, including approximately a 75% reduction in headcount."
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 continue to satisfy the time frame 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 .