- COMSovereign Holding (OTCQB:COMS) has priced its public offering of 3,855,422 units consisting of one common share and one warrant exercisable for one share of common stock at $4.15/unit for gross proceeds of $16M.
- Underwriters' over-allotment is an additional 578,312 units.
- The Company has received approval to list its common stock and warrants on the Nasdaq, with trading expected to begin on January 22.
- Net proceeds will be used for the repayment of outstanding indebtedness, the acquisition of new companies or products and for general corporate purposes.
- Closing date is January 26.