comsovereign holding corp said thursday its board approved a 1for100 reverse stock split of the companys common stock which would become effective at 1159 pm et today the company has 25858 million shares outstanding and a public float of 25609 million shares comsovereign said it expects the reverse split will increase the market price per share of its common stock and bring the company into compliance with nasdaqs minimum bid price requirement at 124 pm et the companys stock had fallen 39 to trade at 61 cents per share shares will begin trading on a reverse split adjusted basis on feb 10 the developer of communications systems said