COMTECH TELECOMMUNICATIONS Files Routine 8-K on Jan 22

TL;DR

**Comtech filed a standard 8-K, no major news.**

AI Summary

This 8-K filing from COMTECH TELECOMMUNICATIONS CORP /DE/ on January 22, 2024, is a routine 'Other Events' and 'Financial Statements and Exhibits' filing. It primarily serves to update the public record with basic company information, such as its address (68 South Service Road, Suite 230, Melville, New York 11747) and contact number (631-962-7000). This filing is largely administrative and does not contain new material financial or operational news, meaning it has minimal direct impact on current or prospective shareholders.

Why It Matters

This filing is largely administrative, updating basic company information. It does not contain new material financial or operational news, so it has minimal direct impact on current or prospective shareholders.

Risk Assessment

Risk Level: low — This 8-K is a routine administrative filing and does not disclose any new risks or significant events.

Analyst Insight

Investors should note this is a routine administrative filing with no new material information. No immediate action is warranted based solely on this 8-K.

Key Players & Entities

• COMTECH TELECOMMUNICATIONS CORP /DE/ (company) — the registrant filing the 8-K
• January 22, 2024 (date) — the date of the earliest event reported and filing date
• 68 South Service Road, Suite 230, Melville, New York 11747 (address) — the principal executive offices of the registrant
• 631-962-7000 (phone_number) — the registrant's telephone number

FAQ

Key Financial Figures

• $0.10 — ch registered Common Stock, par value $0.10 per share CMTL Nasdaq Stock Market
• $45 million — d with Magnetar have agreed to purchase $45 million in the aggregate of a new series of con

Filing Documents

• eh240440684_8k.htm (8-K) — 30KB
• eh240440684_ex9901.htm (EX-99.1) — 12KB
• company_logo.jpg (GRAPHIC) — 6KB
• 0000950142-24-000193.txt ( ) — 231KB
• cmtl-20240122.xsd (EX-101.SCH) — 3KB
• cmtl-20240122_lab.xml (EX-101.LAB) — 33KB
• cmtl-20240122_pre.xml (EX-101.PRE) — 22KB
• eh240440684_8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events. On January 22, 2024, Comtech Telecommunications Corp. ("Comtech" or the "Company") issued a press release announcing that funds affiliated with White Hat Capital Partners LP and funds affiliated with Magnetar have agreed to purchase $45 million in the aggregate of a new series of convertible preferred stock of the Company, the Series B Convertible Preferred Stock, par value $0.10 per share, titled the "Series B Convertible Preferred Stock" ("Series B Convertible Preferred Stock"). In connection with the investment, the Company exchanged all outstanding shares of the Company's Series A-1 Convertible Preferred Stock, par value $0.10 per share, titled the "Series A-1 Convertible Preferred Stock" for Series B Convertible Preferred Stock. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. White Hat Capital Partners LP is affiliated with Mark Quinlan, a member of the Company's Board of Directors.

Forward-Looking Statements

Forward-Looking Statements Certain statements contained herein are forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the Company's results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements about the investment described herein and achievement of its potential benefits and the intended use of proceeds. Risks and uncertainties that could impact these forward-looking statements include: the Company's ability to access capital and liquidity so that it is able to continue as a going concern; the possibility that the expected synergies and benefits from acquisitions will not be fully realized, or will not be realized within the anticipated time periods; the risk that the acquired businesses will not be integrated successfully; the possibility of disruption from acquisitions or dispositions, making it more difficult to maintain business and operational relationships or retain key personnel; the risk that the Company will be unsuccessful in implementing its "One Comtech" transformation and integration of individual businesses into two segments; the risk that the Company will be unsuccessful in implementing a tactical shift in its Satellite and Space Communications segment away from bidding on large commodity service contracts and toward pursuing contracts for its niche products and solutions with higher margins; the nature and timing of the Company's receipt of, and the Company's performance on, new or existing orders that can cause significant fluctuations in net sales and operating results; the timing and funding of government contracts; adjustments to gross profits on long-term contracts; risks associated with international sales; rapid technological change; evolving industry standards; new p

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated January 22, 2024, announcing investment by funds affiliated with White Hat Capital Partners LP and funds affiliated with Magnetar in Series B Convertible Preferred Stock of Comtech Telecommunications Corp. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements 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 22, 2024 COMTECH TELECOMMUNICATIONS CORP. By: /s/ Michael A. Bondi Name: Michael A. Bondi Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR