Airspan, Child of Wall Street SPAC Craze, Seeks Quick Bankruptcy [Yahoo! Finance]
Airspan Networks Holdings Inc. (MIMO)
Company Research
Source: Yahoo! Finance
on pace for a swift turnaround after becoming the latest financial collapse from the Wall Street SPAC boom. Most Read from Bloomberg A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Trump Media's Business Doesn't Matter Iran Vows to Punish Israel for Strike on Embassy in Syria Tesla Disappoints Analysts by Most Ever in Brutal Blow for EVs Trump Got His $175 Million Bond From a Billionaire Fan's Company The company, which helps clients build private wireless networks, blamed its losses on lingering supply-chain disruptions, competitive pressure and the need to spend heavily on research. Airspan filed for bankruptcy Sunday with a proposal to give lenders ownership in return for canceling debt and raising as much as $95 million in cash to help the company restructure, according to court papers filed in US Bankruptcy Court in Wilmington, Delaware. The company owes lenders about $205 million, according to court documents. The company won court approval
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MIMO
News
- Airspan, Child of Wall Street SPAC Craze, Seeks Quick Bankruptcy [BNN Bloomberg (Canada)]BNN Bloomberg
- Airspan to Receive Up to $95 Million in New Equity Financing and Eliminate All Existing Funded Debt [Yahoo! Finance]Yahoo! Finance
- Airspan to Receive Up to $95 Million in New Equity Financing and Eliminate All Existing Funded DebtBusiness Wire
- Global Small Cell 5G Network Market Expected to Reach USD 6.58 Billion by 2028 [Yahoo! Finance]Yahoo! Finance
- NextWave and Airspan Unveil the Next Phase of Revolutionary Private Network Expansion in Major U.S. Cities [Yahoo! Finance]Yahoo! Finance
MIMO
Earnings
- 8/9/23 - Miss
MIMO
Sec Filings
- 4/1/24 - Form 8-K
- 4/1/24 - Form NT
- 3/28/24 - Form 8-K
- MIMO's page on the SEC website