COMSovereign Holding (COMS) has released an update to notify the public and investors about listing compliance status.
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COMSovereign Holding Corp. has been notified by Nasdaq that it is not compliant with the minimum bid price rule, as its shares have fallen below $1.00 for 30 consecutive days. The company has until July 22, 2024, to correct this by having its share price meet or exceed $1.00 for 10 consecutive business days. Failure to comply may lead to a second compliance period or delisting. The company also does not meet the Nasdaq minimum stockholders’ equity requirement and is considering options to address these deficiencies. There is no guarantee that the company will maintain its Nasdaq listing.
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