COMSovereign Holding Corp. (NasdaqCM:COMS) entered into an share purchase agreement to acquire Sky Sapience Ltd from the shareholders for $11.1 million on February 25, 2021. As per the transaction, COMSovereign paid approximately $2.7 million to repay in full an outstanding third-party secured loan to Sky Sapience. In addition, COMSovereign agreed to issue to the shareholders of SKS, the holders of outstanding options or warrants of SKS and certain other entities with which SKS had contractual obligations an aggregate of 2.55 million shares of COMSovereign common stock, par value $0.001 per share. The total purchase price was approximately $12.7 million. COMSovereign Holding appointed Harold “Bud” Patterson as Chief Operating Officer, effective immediately. The transaction is subject to the approval of Sky Sapience shareholders and regulatory approval. Eric M. Hellige of Pryor Cashman LLP acted as a legal advisor to COMSovereign Holding. Hillel Tendler of Neuberger, Quinn, Gielen, Rubin & Gibber P.A. and Galai Sharir and Anat Shinar of Fischer Behar Chen Well Orion & Co acted as a legal advisors to Sky Sapience and the shareholders. William Blair & Company, L.L.C. acted as financial advisor to Sky Sapience. COMSovereign Holding Corp. (NasdaqCM:COMS) completed the acquisition of Sky Sapience Ltd from the shareholders in March 2021. Sky Sapience will become a wholly-owned subsidiary of COMSovereign.