What Happened to Airspan Networks Holdings?
Ticker: MIMOQSPAC Year: 2020
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$47M
Summary
Airspan Networks was a provider of 4G and 5G wireless network equipment, including small cells and fixed wireless access solutions. The company went public via SPAC merger with New Beginnings Acquisition Corp in 2021. Airspan filed for Chapter 11 bankruptcy in March 2024.
What Happened
New Beginnings Acquisition Corp merged with Airspan Networks in August 2021. The wireless equipment maker struggled with supply chain issues and intense competition from larger players. After selling its Mimosa Networks unit to Jio Platforms for $60M in 2023, Airspan still couldn't stabilize its finances and filed for Chapter 11 in March 2024.
Timeline
2020-10-29
S-1 Registration Filed
2024-10-04
Last SEC Filing