COMSovereign (COMS) engages in the provision of solutions to network operators, mobile device carriers, governmental units and other enterprises worldwide. It offers LTE Advanced and 5G-New Radio telecom solutions to network operators and enterprises.
The company is currently preparing to meet the minimum NASDAQ listing requirements of $1 per share or minimum bid and other compliance requirements of the exchange. COMSovereign has filed its 10-Q for quarter ended March 31. Right now, they are working to file its delinquent periodic reports with the Securities and Exchange Commission as soon as practicable and is otherwise taking definitive steps to evidence compliance with all other applicable criteria for continued listing on Nasdaq and must continue to satisfy the time frame granted.
Why COMS stock could reach $1
A couple months ago, David Knight was appointed as COMSovereign’s new interim chief executive officer. I predict that the company will find it’s new official CEO within the next 24 months. However, David Knight is a very skilled individual that puts investors first. As the company continues to follow compliance requirements while bolstering the adoption of new technologies such as 5G, there is no doubt that COMS stock could reach $1 in the next 3 months.