Comsovereign holding corp. receives nasdaq notification regarding minimum bid requirements

Dallas, jan. 20, 2022 /prnewswire/ -- comsovereign holding corp. (nasdaq: coms and comsp) ("comsovereign" or the "company"), a u.s.-based developer of 4g lte advanced and 5g communication systems announced that on january 18, 2022, the company received a written notice (the "notice") from the nasdaq stock market llc indicating that the company was not in compliance with nasdaq listing rule 5550(a)(2), as the company's closing bid price for common shares were 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 18, 2022, to regain compliance with the minimum bid price requirement.
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