# EDGAR Filing Document

**Accession Number:** 0001178727
**File Stem:** 0001213900-23-000993
**Filing Date:** 2023-1
**Character Count:** 10057
**Document Hash:** b3786911b9a5628de0f98d45f5d4b41d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-000993.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0001213900-23-000993

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20221229

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMSovereign Holding Corp.
- **CENTRAL INDEX KEY:** 0001178727
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMUNICATIONS EQUIPMENT, NEC [3669]
- **IRS NUMBER:** 465538504
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39379
- **FILM NUMBER:** 23509755

**BUSINESS ADDRESS:**
- **STREET 1:** 5000 QUORUM DRIVE, SUITE 400
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254
- **BUSINESS PHONE:** 904-834-4400

**MAIL ADDRESS:**
- **STREET 1:** 5000 QUORUM DRIVE, SUITE 400
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75254

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ComSovereign Holding Corp.
- **DATE OF NAME CHANGE:** 20200504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ComSovereign Holding Corp
- **DATE OF NAME CHANGE:** 20191210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRONE AVIATION HOLDING CORP.
- **DATE OF NAME CHANGE:** 20140508

?xml version="1.0" encoding="utf-8"?

**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) **<u>December 29, 2022</u>**

**<u>COMSOVEREIGN HOLDING CORP.</u>**

(Exact name of registrant as specified in charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **333-150332** | **46-5538504** |
| (State or other Jurisdiction<br> of Incorporation or Organization) | (Commission File Number) | (IRS Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **6890 E Sunrise Drive, Suite 120-506**<br> **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 1.01 Entry into a Material Definitive Agreement.**

On December 29, 2022, COMSovereign Holding Corp. (the "**Company*,***" "**we**," "**us**," or "**our company**") entered into a Settlement Agreement ("**Settlement Agreement**") to resolve two lawsuits.

In one lawsuit, a former employee filed suit against the Company on or about July 28, 2022, Dustin McIntire, and Daniel Hodges in the San Diego County California Superior Court, Case No. 37-2022-00028083-CU-BC-CTL. The plaintiff alleged that his wages were not paid, that he was constructively discharged, that the Company failed to issue him stock options, and that he is owed future amounts. He claimed damages of no less than $238,000.

In the second lawsuit, a former employee filed suit against the Company in the Clark County District Court, Nevada, Case No. 3 A-22-857361-C. The plaintiff alleged that his wages were not paid, that he was constructively discharged, that the Company failed to issue him stock options, and that he is owed future amounts. He claimed damages of no less than $184,000.

Those two lawsuits were settled. As required by the terms of the Settlement Agreement, we entered into a Stock Purchase Agreement (the "**Sale Agreement**"), by and among our Company, our wholly owned subsidiary, Sky Sovereign, Inc. ("**Sky Sovereign**") as the sole shareholder of RVision, Inc., a Nevada corporation ("**RVision**"), and the plaintiffs in the two lawsuits ("**Buyers**"), pursuant to which, and subject to the terms and conditions of the Sale Agreement, we agreed to sell all of the issued and outstanding capital stock of RVision to Buyers. The consideration for the sale was the dismissal of the two lawsuits and $100.00.

The Settlement Agreement contains representations and warranties, and mutual general releases. The Sale Agreement contains customary representations, warranties and covenants of our company and Sky Sovereign, on the one hand, and the Buyers, on the other hand. The Buyers also are required to file a dismissal with prejudice in the two lawsuits within five (5) business days.

The foregoing description of the Settlement Agreement and the Sale Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Settlement Agreement and the Sale Agreement.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press release dated January 5, 2023 announcing sale of RVision.](ea171260ex99-1_comsovereign.htm) |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |

---

**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: January 5, 2023 | **COMSOVEREIGN HOLDING CORP.** | **COMSOVEREIGN HOLDING CORP.** |
|  | By: | /s/ David Knight |
|  |  | David Knight |
|  |  | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**COMSovereign Announces Disposition of RVision Inc.**

Transaction Continues Business Transition, Reduces Operating Expenses

**DALLAS, TX – JANUARY 5, 2023 –** COMSovereign Holding Corp. (NASDAQ: COMS) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions today announced that it has entered into a settlement agreement and sale of RVision, Inc. ("RVision").

The Company has agreed to sell all the issued and outstanding capital stock of RVision to the buyers in exchange for the settlement of two outstanding lawsuits.

David Knight, CEO and President of COMSovereign Holding Corp., said, "The disposition of RVision is another step in our ongoing business transition, reducing our non-wireless connectivity products and associated operating expenses, while eliminating the uncertainties and costs of related litigation."

**About COMSovereign Holding Corp.**

COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com.

**Forward-Looking Statements**

Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:

Steve Gersten, Director of Investor Relations<br> COMSovereign Holding Corp.<br> 813-334-9745<br> investors@comsovereign.com

and

Media Relations for COMSovereign Holding Corp.:<br> Michael Glickman<br> MWGCO, Inc.<br> 917-397-2272<br> mike@mwgco.net