ComSovereign Holding Corp. 9.25% Series A Cumulative Preferred Stock (COMSP)
OTOTC · Preferred · CUSIP 205650302
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Security Details

Coupon Rate
9.25%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
4/29/2024
Maturity Date
None
Distribution Period
M
Rate Type
Fixed
Annual Distribution
2.3125
Distribution Dates
20th of the Month
Credit Ratings
Moody's NF · S&P NF (4/21/2024)
Tax-Advantaged Dividends
Yes

Security Profile

Security's distribution is suspended.
Security Type
Traditional Preferred Stock »
CUSIP
205650302
Market Cap
Micro Cap
IPO
10/6/2021 · $25.00/share
Parent Company
ComSovereign Holding Corp. (COMS)
Business: ComSovereign Holding Corp. 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25.00 per share, redeemable at the issuer's option on or after 04/29/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 9.25% per annum ($2.3125 per annum or $0.1927083333 per month) will be paid Monthly on the 20th of the Month to holders of record on last day of the immediately preceding calendar month prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-26 of the prospectus for further information). <p> In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: May 25, 2022 -- COMSovereign Holding Corp. a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions, today announced that its Board of Directors has suspended the payment of dividends on the Company's 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") until further notice.

Company Contact

CEO
David Knight
CFO
Brian T. Mihelich
Headquarters
6890 E Sunrise Drive, Suite 120-506, Tucson, AZ 85750
Phone
904-834-4400
Investor Relations
Steve Gersten · 813-334-9745
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