05:28 PM EDT, 07/16/2024 (MT Newswires) -- Comtech Telecommunications ( CMTL ) disclosed late Tuesday its plan for a secondary sale from time to time of up to about 1.44 million shares.

The company said the prospectus relates to the resale of shares that the selling stockholders may acquire upon exercising outstanding warrants.

Comtech said it issued the warrants to the selling stockholders in a private placement. Each warrant will have an exercise price of $0.10 per share. The warrants will expire on or before June 17, 2031.

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