COMSovereign Holding Corp.: Nasdaq/NYSE listing notice — COMSovereign receives additional Nasdaq delisting notice for equity shortfall; hearing scheduled

COMSovereign Holding Corp.

Nasdaq Staff determined an additional basis to delist: stockholders' equity below $2.5M minimum as reported in FY2022 10-K.
Company had previously requested a hearing before the Nasdaq Hearings Panel, granted a stay of suspension pending panel decision.
At hearing, company intends to present its plan to regain compliance with all continued listing criteria and request an extension.
If Panel denies or company cannot evidence compliance within any extension, Nasdaq will delist; no assurance of continued listing.

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 delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

December 12, 2023, COMSovereign Holding Corp. (the “Company”) received written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Staff had determined that an additional basis exists to delist the Company’s securities because its stockholders’ equity as reported in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 was less than the minimum requirement of $2,500,000 as set forth in Nasdaq Listing Rule 5550(b)(1), and it did not otherwise satisfy the alternative minimum requirements for market value of listed sec

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Source: SEC EDGAR

accession 0001213900-23-096272

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