We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
COMSovereign Holding Corporation | NASDAQ:COMS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.601 | 0.57 | 0.5701 | 0 | 01:00:00 |
DALLAS, Jan. 10, 2023 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions today issued the following CEO Update Letter:
To Our COMSovereign Stakeholders:
As we enter the New Year, I wanted to write to you regarding the progress our team has made against a few of the critical path items I outlined in my last CEO update and touch upon some of the important issues for our shareholders.
Since I last wrote to you, I have committed to become COMSovereign's CEO and President. My decision was based upon several factors, foremost amongst them being the quality of the team, the strength of the Company's technology, and the tremendous opportunities I see ahead. As I also stated, there are challenges we face as we address the organizational and financial issues that have limited the Company's ability to capitalize on both its existing book of business and the exciting future of 5G and wireless connectivity. It is against these challenges that we have made notable progress, highlighted by:
That brings me to how we are approaching the start of the New Year and things I believe are critical to our short- and longer-term ability to execute against our plans.
Before I close this letter, I would like to again remind our shareholders to vote at the Annual Meeting of Stockholders to be held on January 18, 2023. Included in the voting, we request that our shareholders vote for the reverse split which is required to maintain our Nasdaq listing and for the replenishment of the Long-Term Incentive Plan ("LTIP"). These are necessary elements in our go-forward plan for COMSovereign. Please see our Definitive Proxy Statement for more information.
Finally, I wish to recognize the efforts and dedication of our employees. We have an incredibly smart and talented team that have remained focused on developing new technology and serving our customers and partners every day. Their efforts would not be possible if it were not for their deep knowledge of our technologies and the markets we are in, and importantly, the markets we intend to enter. We continue to benefit from their daily contributions and connections as they tell our exciting story. As a result, I believe that our customers and partners are beginning to recognize the vision we have for COMSovereign and are encouraged by the progress we are making in our transition and efforts to build a roadmap based on our legacy of innovation. As a team, we are focused on our future and are committed to the execution against our plan.
Sincerely,
David Knight
Chief Executive Officer and President
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com.
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to the ability to develop and deliver advanced voice and data communications systems, address supply chain challenges including securing adequate inventory of necessary components, demand for the Company's products, the ability of the Company to regain compliance with Nasdaq listing requirements, its ability to file its financial reports in a timely manner, and secure additional funding. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts:
Steve Gersten, Director of Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
View original content to download multimedia:https://www.prnewswire.com/news-releases/comsovereign-issues-new-year-ceo-update-letter-301717430.html
SOURCE COMSovereign Holding Corp.
Copyright 2023 PR Newswire
1 Year COMSovereign Chart |
1 Month COMSovereign Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions