---
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"
generated_at: "2026-10-12T13:36:39.038274+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Cambium Networks' CNL sells defense business to Airspan for up to $35M; shareholders face complete loss in wind-down

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-405403
- JSON: https://secwatch.observer/filing/0001193125-26-405403.json
- Plain text: https://secwatch.observer/filing/0001193125-26-405403.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.