---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-005342"
form_type: "8-K"
ticker: null
cik: "0001823882"
company_name: "Airspan Networks Holdings Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:10:04.430042+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Airspan closes sale of Mimosa Networks to Radisys/Reliance Jio for $60M cash

## Summary
- Sold Mimosa Networks to Radisys Corp for ~$60M cash; $600K escrowed for one year for indemnification.
- Used $45M of proceeds to repay outstanding debt under 2nd A&R Credit Agreement and Note Purchase Agreement.
- Mathew Oommen (President, Reliance Jio) is on Airspan's board; buyer is affiliate of Reliance Jio, also a major customer.
- Entered into reseller, transition services, and license agreements with Mimosa post-closing.
- Loan and note documents amended to consent to sale, release Mimosa as guarantor, and release security on sold assets.

## SEC filing metadata
- accession: 0001829126-23-005342
- form_type: 8-K
- cik: 0001823882
- company_name: Airspan Networks Holdings Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823882/000182912623005342/0001829126-23-005342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823882/000182912623005342/airspannetworks_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-005342
- JSON: https://secwatch.observer/filing/0001829126-23-005342.json
- Plain text: https://secwatch.observer/filing/0001829126-23-005342.txt

## Key facts
- M&A Transactions
  Airspan Networks Holdings Inc. completed a disposition involving Radisys Corporation for aggregate purchase price of approximately $60 million in cash (closed 2023-08-11).
  - Action: disposition
  - Counterparty: Radisys Corporation
  - Consideration: aggregate purchase price of approximately $60 million in cash
  - Closing: 2023-08-11
  source text: the terms of the Purchase Agreement, ANI sold all of the issued and outstanding shares of common stock of Mimosa to Buyer for an aggregate purchase price of approximately $60 million in cash (subject to customary adjustments as set forth in the Purchase Agreement). The purchase price was determined based on negotiations between Buyer and ANI prior to signing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823882/000182912623005342/0001829126-23-005342-index.htm

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