NYSE American has Commenced Delisting Proceedings in the MIMO WSC Warrants of Airspan Networks Holdings Inc.
January 10 2023 - 3:15PM
Business Wire
Airspan Networks Holdings Inc. (NYSE American: MIMO).
On January 4, 2023, NYSE American LLC (the “NYSE American”)
provided a written notice to Airspan Networks Holdings Inc. (the
“Company” or “Airspan”) that the NYSE American had halted trading
in the Company’s warrants, each exercisable for one share of the
Company’s common stock, ticker symbol MIMO WSC (the “Warrants”), on
the NYSE American due to the low trading price of the Warrants. On
January 6, 2023, the NYSE American provided written notice to the
Company and publicly announced that NYSE Regulation has determined
to commence proceedings to delist the Warrants and that the
Warrants are no longer suitable for listing pursuant to Section
1001 of the NYSE American Company Guide due to the low trading
price of the Warrants.
To effect the delisting, the NYSE American will apply to the
Securities and Exchange Commission (the “SEC”) to delist the
Warrants pending completion of applicable procedures. The Company
does not intend to appeal the NYSE American’s determination. The
Company’s common stock, ticker symbol MIMO, and three other series
of warrants, ticker symbols MIMO WS, MIMO WSA, and MIMO WSB, will
continue on the NYSE American.
As of January 9, 2023, the Warrants that previously traded on
the NYSE American under the symbol MIMO WSC may be quoted and
traded in the over-the-counter market under the new ticker symbol
MIMOW.
About Airspan
Airspan Networks Holdings Inc. (NYSE American: MIMO) is a
U.S.-based provider of groundbreaking, disruptive software and
hardware for 5G networks, and a pioneer in end-to-end Open RAN
solutions that provide interoperability with other vendors. As a
result of innovative technology and significant R&D investments
to build and expand 5G solutions, Airspan believes it is
well-positioned with 5G indoor and outdoor, Open RAN, private
networks for enterprise customers and industrial use applications,
fixed wireless access (FWA), and CBRS solutions to help mobile
network operators of all sizes deploy their networks of the future,
today. With over one million cells shipped to 1,000 customers in
more than 100 countries, Airspan has global scale. For more
information, visit www.airspan.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about future financial and operating results, Airspan’s plans,
objectives, expectations and intentions with respect to future
operations, products and services, projected financial performance,
and other statements identified by words such as “will likely
result,” “are expected to,” “will continue,” “is anticipated,”
“estimated,” “believe,” “intend,” “plan,” “projection,” “outlook”
or words of similar meaning. Any such forward-looking statements
are based upon the current beliefs and expectations of Airspan’s
management and are inherently subject to significant business,
economic and competitive uncertainties and contingencies, many of
which are difficult to predict and generally beyond Airspan’s
control.
For further information identifying important factors that could
cause actual results to differ materially from those anticipated in
the forward-looking statements, please refer to the Risk Factors
section of Airspan’s Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2022, and Airspan’s Annual
Report on Form 10-K for the year ended December 31, 2021, filed
with the US Securities and Exchange Commission. All information set
forth herein speaks only as of the date hereof in the case of
information about Airspan or the date of such information in the
case of information from persons other than Airspan, and Airspan
disclaims any intention or obligation to update any forward-looking
statements as a result of developments occurring after the date of
this communication.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230110005940/en/
Investor Relations Contact: Brett Scheiner 561-893-8660
IR@airspan.com
Media Contact: mediarelations@airspan.com
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