NYSE American to Suspend Trading Immediately in Warrants of Airspan Networks Holdings Inc. (MIMO WSC) and Commence Delisting Proceedings
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.
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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: NYSE Regulation
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PUB: 01/06/2023 04:45 PM/DISC: 01/06/2023 04:46 PM