Airspan Announces Delisting From NYSE American
April 04 2024 - 4:34PM
Business Wire
Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan”
or the “Company”), a provider of ground-breaking, disruptive
software and hardware for 5G networks and a pioneer in end-to-end
Open RAN, private network and air-to-ground connectivity solutions,
today announced that it received notification from NYSE Regulation,
Inc. (“NYSE Regulation”) that NYSE Regulation has initiated
proceedings to delist the Company’s common stock from NYSE
American. Trading of the Company’s common stock has been suspended,
effective April 1, 2024, and it does not intend to appeal NYSE
Regulation’s determination.
NYSE Regulation determined that the Company’s common stock is no
longer suitable for listing and will commence delisting proceedings
pursuant to Section 1003(c)(iii) of the NYSE American Company
Guide.
About Airspan
Airspan Networks Holdings Inc. 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),
Air-To-Ground, Neutral Host Networks and Utilities 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 the potential outcome and timing of the delisting of the
Company’s common stock, 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.
Actual results, performance or achievements may differ
materially, and potentially adversely, from any forward-looking
statements and the assumptions on which those forward-looking
statements are based. There can be no assurance that the data
contained herein is reflective of future performance to any degree.
You are cautioned not to place undue reliance on forward-looking
statements as a predictor of future performance as projected
financial information and other information are based on estimates
and assumptions that are inherently subject to various significant
risks, uncertainties and other factors, many of which are 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 Annual Report on Form 10-K
for the year ended December 31, 2022, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240404958053/en/
Media: Jonathan Gasthalter/Mark Semer/Grace Cartwright
Gasthalter & Co. (212) 257-4170 Airspan@gasthalter.com
Investor Relations: Brett Scheiner 561-893-8660
IR@airspan.com
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