COMSovereign Holding Corp.: Nasdaq/NYSE listing notice — COMSovereign receives Nasdaq delisting notice for Preferred Stock failing MVPHS requirement

COMSovereign Holding Corp.

Nasdaq notified COMSovereign on Dec 19, 2023 that Preferred Stock (COMSP) failed to regain minimum $1M MVPHS compliance under Rule 5555(a)(4).
This is an additional basis for delisting; company had previously received a similar notice in June 2023.
A hearing before the Nasdaq Hearings Panel is pending; company plans to present a compliance plan and request extension.
No assurance listing will be maintained; all listed securities (COMS, COMSW, COMSP) are at risk of delisting.

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 0.95

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

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

Exact text from the filing

December 19, 2023, the “Company received written notice from Nasdaq that the Staff had determined that the Company’s Preferred Stock has not regained compliance with the Minimum Market Value of Publicly Held Shares Requirement, Rule 5555(a)(4), which serves as an additional basis for delisting the Company’s securities from The Nasdaq Stock Market. The Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Capital Market. The Company previously requested and was granted a hearing before The Nasdaq Hearin

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Source: SEC EDGAR

accession 0001213900-23-098209

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