secwatch.observer — SEC 8-K summary
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Issuer:     Airspan Networks Holdings Inc. (—)
CIK:        0001823882
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001829126-23-004627
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airspan receives NYSE American delinquency notice; stock averaged below $0.20 over 30 days
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823882/000182912623004627/0001829126-23-004627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823882/000182912623004627/airspannet_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004627

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