Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 7:42 AM
|This Slide: #14 of 581|
Slide #14. COMSovereign Holding Corp. — Preferred Stock Offering
COMSovereign Holding Corp. (NASDAQ:COMS)
Date of Pricing:
Price Per Share:
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 next-Generation 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.
Open the COMS Page at Preferred Stock Channel »
Free COMS Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Strong Buy (4.00 out of 4)
(ranked higher than approx. 93% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com