secwatch.observer — SEC 8-K summary
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Issuer:     Airspan Networks Holdings Inc. (—)
CIK:        0001823882
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001829126-23-004149
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airspan receives NYSE American delisting notice due to stockholders' deficit of $99.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823882/000182912623004149/0001829126-23-004149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823882/000182912623004149/airspan_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004149

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