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NYSE American to Suspend Trading Immediately in Warrants of Airspan Networks Holdings Inc. (MIMO WSC) and Commence Delisting Proceedings

PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
January 6, 2023 GMT

NEW YORK--(BUSINESS WIRE)--Jan 6, 2023--

NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Airspan Networks Holdings Inc. (the “Company”), each whole warrant exercisable for one share of common stock — ticker symbol MIMO WSC — from the NYSE American. Trading in the Company’s warrants with ticker symbol MIMO WSC will be suspended immediately. Trading in the Company’s common stock — ticker symbol MIMO — and three other series of warrants — ticker symbols MIMO WS, MIMO WSA and MIMO WSB — will continue on the NYSE American.

NYSE Regulation has determined that the Company’s warrants with ticker symbol MIMO WSC are no longer suitable for listing pursuant to Section 1001 of the NYSE American Company Guide due to the low trading price of the warrants.

The Company has a right to a review of staff’s determination to delist the common stock by a Committee of the Board of Directors of the Exchange. The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s warrants upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005447/en/

CONTACT: Company Contact:

Investor Relations Contact:

Brett Scheiner

561-893-8660

IR@airspan.comMedia Contact:

mediarelations@airspan.comNYSE Contact:

NYSE Communications

PublicRelations-NYSE@ice.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: NYSE Regulation

Copyright Business Wire 2023.

PUB: 01/06/2023 04:45 PM/DISC: 01/06/2023 04:46 PM

http://www.businesswire.com/news/home/20230106005447/en