COMSovereign Holding Corp.: Nasdaq/NYSE listing notice — COMSovereign receives Nasdaq delisting notice for bid price below $1.00; faces potential delisting

COMSovereign Holding Corp.

Nasdaq notified COMSovereign on Jan 24, 2024 that its common stock bid price was below $1.00 for 30 consecutive business days.
Company has until July 22, 2024 to regain compliance; closing bid must be at least $1.00 for 10 consecutive business days.
Company also fails to meet minimum stockholders' equity requirement of $2,500,000 per Nasdaq Listing Rule 5550(b)(1).
If not compliant by July 22, 2024, a second 180-day period may be available if other listing standards are met.
COMSovereign's common shares and warrants are at risk of delisting; the company is evaluating options to cure the deficiency.

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 minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

January 24, 2024, COMSovereign Holding Corp. (the “Company”) received written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2), because the closing bid price for the Company’s common shares was below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until July 22, 2024, to regain compliance with the minimum bid price requirement. To

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.7

COMSovereign Holding Corp. received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).

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

Exact text from the filing

January 24, 2024, COMSovereign Holding Corp. (the “Company”) received written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2), because the closing bid price for the Company’s common shares was below $1.00 per share for the last 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until July 22, 2024, to regain compliance with the minimum bid price requirement. To

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Source: SEC EDGAR

accession 0001213900-24-006998

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