Airspan Networks Holdings Inc. Announces NYSE Approval Of Compliance Plan
Portfolio Pulse from Happy Mohamed
Airspan Networks Holdings Inc. (NYSE:MIMO) has received approval from NYSE American for its compliance plan. The company was previously notified of non-compliance with NYSE's listing standards. The approval provides an extension for compliance until December 9, 2024. However, the company's common stock has been selling at a low price per share, and it must demonstrate sustained price improvement or effect a reverse stock split by January 10, 2024 to maintain its listing.
August 25, 2023 | 8:13 pm
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Airspan Networks has received NYSE approval for its compliance plan, providing an extension until December 2024. However, it must improve its stock price or effect a reverse stock split by January 2024 to maintain its listing.
The news is directly related to Airspan Networks and its listing status on the NYSE. The approval of the compliance plan is a positive development, but the requirement to improve the stock price or effect a reverse stock split by January 2024 creates uncertainty. This could potentially impact the stock price in the short term, but the direction is unclear.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100