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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) October 17, 2022

 

COMSOVEREIGN HOLDING CORP.

(Exact name of registrant as specified in charter)

 

Nevada   333-150332   46-5538504
(State or other Jurisdiction of
Incorporation or Organization)
  (Commission File Number)   (IRS Employer
Identification No.)

 

6890 E Sunrise Drive, Suite 120-506

Tucson, AZ

  85750
(Address of Principal Executive Offices)   (zip code)

 

  (904) 834-4400  

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   COMS   The Nasdaq Stock Market LLC
         
Warrants to purchase Common Stock   COMSW   The Nasdaq Stock Market LLC
         
9.25% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share    COMSP   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01 Other Events.

 

On October 17, 2022, COMSovereign Holding Corp. (the “Company”), sold a promissory note in the principal amount of $367,500 to the Company's senior secured lenders, Lind Global Asset Management IV, LLC and Lind Global Fund II LP (jointly "Lind Global"). That promissory note bears interest at 6% per annum, is due October 17, 2023, and is secured by the August 25, 2021 Amended and Restated Security Agreement between the Company and Lind Global.

 

On November 8, 2022, the Company sold a promissory note in the principal amount of $262,500 to Lind Global for a purchase price of $250,000. That promissory note bears interest at 6% per annum, is due November 7, 2023, and also is secured by the August 25, 2021 Amended and Restated Security Agreement between the Company and Lind Global.

 

As of November 7, 2022, the Company has a total of 161,233,081 common shares issued and outstanding.

 

 

 

SIGNATURE

 

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: November 8, 2022 COMSOVEREIGN HOLDING CORP.
     
  By: /s/ David Knight
    David Knight
    Interim Chief Executive Officer