Airspan, Child of Wall Street SPAC Craze, Seeks Quick Bankruptcy [BNN Bloomberg (Canada)]
Airspan Networks Holdings Inc. (MIMO)
Company Research
Source: BNN Bloomberg
on pace for a swift turnaround after becoming the latest financial collapse from the Wall Street SPAC boom. 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 Tuesday to seek a quick vote of creditors in the coming weeks, which is a key step before it can emerge from bankruptcy. US Bankruptcy Judge Thomas Horan scheduled a hearing for May 8 to consider giving Airspan final approval for its debt-cutting plan. Should Horan bless the plan, Airspan would be able to leave bankruptcy aft
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MIMO
News
- Airspan, Child of Wall Street SPAC Craze, Seeks Quick Bankruptcy [Yahoo! Finance]Yahoo! Finance
- 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