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Strong Buy (4.00 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 26, 2:43 PM
Slide #42. COMSovereign Holding Corp. — Preferred Stock Offering
Company: |
COMSovereign Holding Corp. (COMS) |
Date announced: |
10/27/2021 |
Shares Offered: |
320,000 |
Date of Pricing: |
10/27/2021 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions today announced the pricing of its public offering of 320,000 shares of its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") at a price to the public of $25.00 per share. Gross proceeds from the offering are expected to be approximately $8 million, before deducting offering expenses. The underwriters have been granted a 30-day option to purchase up to 48,000 additional shares of Series A Preferred Stock from the Company, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount. |
ComSovereign Holding is a provider of telecom solutions to network operators, mobile device carriers, governmental units and other enterprises. Co. has assembled a portfolio of communications, technologies, capabilities and products that enable the upgrading of latent 3G networks to 4G and 4G-LTE networks and will facilitate the rollout of the 5G and 6G networks of the future. Co. focuses on capabilities, including signal modulations, antennae, software, hardware and firmware technologies that enable data transmission across the radio-frequency spectrum. Co.'s product solutions are complemented by an array of services including technical support, systems design and integration. Preferred: COMSP
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