– Proceeds to Support Further Production Acceleration –
COMSovereign Holding Corp a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, announced it has signed an additional funding agreement with Lind Global Fund II, LP, an investment entity managed by The Lind Partners, a New York based institutional fund manager (together “Lind”) for gross proceeds of $5,000,000 (the “Investment”). This latest funding investment follows an initial $10 million agreement announced on May 28, 2021.
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“We are pleased to expand our relationship with Lind who is providing additional short-term liquidity for COMSovereign through this new $5 million investment. It is through investment such as this that we continuing to accelerate volume production and deliveries to our customers such as a U.S. tier one mobile network operator announced on August 16th,” Dan Hodges, Chairman and CEO of COMSovereign Holding Corp.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire network. By combining strategic acquisitions with organic research and development efforts, COMSovereign has built a U.S.-based communications solution provider able to deliver end-to-end 4G LTE Advanced and 5G-NR telecom solutions to network operators, enterprises, and governments. For more information about COMSovereign
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