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Stock impact report

Airspan to Receive Up to $95 Million in New Equity Financing and Eliminate All Existing Funded Debt

Airspan Networks Holdings Inc. (MIMO) 
Company Research Source: Business Wire
Enters Agreement with Creditors to Strengthen Financial Foundation and Right-Size Balance SheetAirspan Will Become Private Company with Strong Balance Sheet and Greater Financial Flexibility Majority-Owned by FortressWill Operate in Normal Course While Implementing Prepackaged Recapitalization on an Expedited Basis with Full Support of all Major CreditorsSecures Commitment for Over $53 Million of DIP Financing to Support Operations BOCA RATON, Fla.--(BUSINESS WIRE)--Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan” or the “Company”), a provider of ground-breaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN, private network and air-to-ground connectivity solutions, today announced that it has entered into a Restructuring Support Agreement (the “Agreement”) with certain funds managed by Fortress Investment Group (“Fortress”) and several of its other key financial stakeholders to position Airspan for long-term success through up Show less Read more
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