COMSovereign (COMS) Announces an 80% Year-Over-Year Reduction of Outstanding Secured Debt
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COMSovereign Announces an 80% Year-Over-Year Reduction of Outstanding Secured Debt
February 13, 2023 8:00 AM ESTDebt Reduction is a Critical Element of the Business Transition Plan as the Company Continues to Streamline Operations, Reduce Costs, and Identify Additional Revenue-Generating Opportunities
TUCSON, Ariz., Feb. 13, 2023 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems today provided an update on its debt reduction efforts. As of December 31, 2022, outstanding secured debt totaled approximately $2,200,000, representing a reduction of approximately 80% from levels reported for the year ended December 31, 2021.
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