Airspan Networks Holdings Inc.: Nasdaq/NYSE listing notice — Airspan receives NYSE American delinquency notice; stock averaged below $0.20 over 30 days

Airspan Networks Holdings Inc.

NYSE American notified Airspan on July 10, 2023 that its common stock was noncompliant with Section 1003(f)(v) due to low price.
Company has until January 10, 2024 to effect a reverse stock split or demonstrate sustained price improvement.
NYSE American may accelerate delisting if stock trades at abnormally low level before cure period ends.
Airspan was already noncompliant under Sections 1003(a)(i) and (ii) and had submitted a plan of compliance.
Company's stock continues trading on NYSE American with .BC indicator; business operations unaffected.

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 minimum bid price (rules 1003(f)(v)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 1003(f)(v)

Exact text from the filing

July 10, 2023, Airspan Networks Holdings Inc. (the “Company”) received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”) because the Company’s common stock was selling for a substantial period of time at a low price per share, which NYSE American determined to be a 30-trading day average of less than $0.20 per share. The Notice stated that the Company’s continued listing is predicated on it effecting a rev

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Source: SEC EDGAR

accession 0001829126-23-004627

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