---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-000193"
form_type: "8-K"
ticker: "CMTL"
cik: "0000023197"
company_name: "COMTECH TELECOMMUNICATIONS CORP /DE/"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:49:26.813741+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Comtech secures $45M convertible preferred investment from White Hat, Magnetar; exchanges existing Series A-1

## Summary
- White Hat and Magnetar purchase $45M of new Series B Convertible Preferred; all outstanding Series A-1 exchanged for Series B.
- Conversion price $7.99/share; dividend 9.00% PIK or 7.75% cash at Comtech's election; optional redemption Oct 31, 2028.
- Proceeds to support working capital, growth initiatives, and repayment of indebtedness as part of credit facility refinancing.
- Mark Quinlan (White Hat) remains on Board; investment signals continued long-term shareholder support.

## SEC filing metadata
- accession: 0000950142-24-000193
- form_type: 8-K
- ticker: CMTL
- cik: 0000023197
- company_name: COMTECH TELECOMMUNICATIONS CORP /DE/
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23197/000095014224000193/0000950142-24-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23197/000095014224000193/eh240440684_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-000193
- JSON: https://secwatch.observer/filing/0000950142-24-000193.json
- Plain text: https://secwatch.observer/filing/0000950142-24-000193.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.