{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-405403","form_type":"8-K","ticker":"CMBMF","cik":"0001738177","company_name":"Cambium Networks Corp","filed_at":"2026-09-28T20:30:15+00:00","discovered_at":"2026-09-28T20:31:01.611259+00:00","generated_at":"2026-10-12T13:36:39.038274+00:00","sec_items":["1.01","2.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Cambium Networks' CNL sells defense business to Airspan for up to $35M; shareholders face complete loss in wind-down","bullets":["Cambium Networks, Ltd (CNL), in administration since Sept. 14, 2026, sold its defense and certain fixed broadband product lines to Airspan for $27.5M cash, completed Sept. 22, 2026.","Airspan also agreed to pay up to $7.5M contingent on 50% of net collections on transferred receivables; $2.5M holdback includes $2.0M post-closing and $0.5M retained 18 months.","Company says no net proceeds will reach it: CNL assets are pledged to Bank of America, and secured debt exceeds sale consideration; no distribution to unsecured creditors or shareholders.","Company expects CNL to enter liquidation, remaining CNL entities to wind down, and Cambium Networks Corporation to be dissolved in the Cayman Islands; warns of complete shareholder loss.","Morgan Kurk resigned from the board on Sept. 24, 2026, not due to disagreement, and retains his role as CEO."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-405403","json":"https://secwatch.observer/filing/0001193125-26-405403.json","markdown":"https://secwatch.observer/filing/0001193125-26-405403.md","text":"https://secwatch.observer/filing/0001193125-26-405403.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1738177/000119312526405403/0001193125-26-405403-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1738177/000119312526405403/cmbmf-20260922.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:36:39.038274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}