COMSovereign Holding Corp.: Nasdaq/NYSE listing notice — ComSovereign preferred stock MVPHS below $1M; Nasdaq gives 180 days to comply

COMSovereign Holding Corp.

Received Nasdaq letter on June 21, 2023 for COMSP preferred stock MVPHS below $1M for 30 consecutive days.
Compliance period ends December 18, 2023; need $1M+ MVPHS for 10 consecutive business days.
No immediate effect on listing; preferred stock continues trading under COMSP.
Company will monitor and evaluate options but cannot assure regaining compliance.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

COMSovereign Holding Corp. received a nasdaq deficiency notice notice regarding market value (rules 5555(a)(4)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5555(a)(4)

Exact text from the filing

June 21, 2023, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s minimum Market Value of Publicly Held Shares, as defined by Nasdaq (“MVPHS”), of the Company’s 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock (“Preferred Stock”) has been below the minimum $1 million requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5555(a)(4) (the “Minimum Market Value of Publicly Held Shares Requirement”). The letter has no imme

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Source: SEC EDGAR

accession 0001213900-23-052110

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