Airspan Networks Holdings Inc.: Nasdaq/NYSE listing notice — Airspan receives NYSE American delisting notice due to stockholders' deficit of $99.9M

Airspan Networks Holdings Inc.

Stockholders' deficit of $99.9M as of March 31, 2023; losses in three most recent fiscal years.
Must submit compliance plan by July 9, 2023 and regain compliance by December 9, 2024.
Market value of publicly held shares below $15M as of June 9, 2023, triggering the notice.
Stock continues trading on NYSE American while company evaluates alternatives.
If plan not accepted or implemented, delisting proceedings will commence.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Airspan Networks Holdings Inc. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(i), 1003(a)(ii)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 1003(a)(i), 1003(a)(ii)

Exact text from the filing

June 9, 2023, Airspan Networks Holdings Inc. (the “Company”) received a letter (the “Letter”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the “Company Guide”). Section 1003(a)(i) requires a listed company to have stockholders’ equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have

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Source: SEC EDGAR

accession 0001829126-23-004149

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