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COMSovereign Comments on Recent Form S-1 Registration Statement
To COMSovereign Stakeholders.

In response to investor inquiries regarding the Form S-1 Registration Statement filed yesterday, June 15, 2021(view the SEC filing here), COMSovereign would like to clarify that filing was to register the resale of common stock by existing securityholders and does not involve the issuance of any new COMS common stock. The filing registers shares related to two recent acquisitions and also the shares underlying certain warrants associated with the conversion of debt into common stock.

The Company is not selling any securities under this prospectus.


  • The acquisitions of RVision, Inc. (announced on March 31, 2021), and Innovation Digital LLC (announced on April 14, 2021), were principally funded through the issuance of restricted common shares. Following the acquisitions, the founders and principal executives at RVision and Innovation Digital have joined COMSovereign as senior executives.

  • In connection with the Company’s public offering on January 26, 2021, COMSovereign issued to 21 accredited investors an aggregate of 2,751,556 units at a price of $4.15 per unit. Each unit consisted of one share of common stock and a warrant to purchase one share of common stock at an exercise price of $4.50 per share in consideration for the conversion of outstanding indebtedness. Today’s registration covers 2,642,712 shares of common stock issuable upon the exercise of outstanding warrants from that January 26th transaction. If all 2,642,712 warrants were exercised at the exercise price, the Company would receive gross proceeds of approximately $11.9 million.

Please contact Steve Gersten, Director of Investor Relations for COMSovereign at (813) 334-9745 or Chris Tyson, Executive Vice President at MZ Group - MZ North America at (949) 491-8235 if you have any questions or require additional information.

Thank you.
Jun 16, 2021