HOFFMAN ESTATES, In poor health., Oct. 16, 2025 /PRNewswire/ — Cambium Networks Company (“Cambium Networks” or the “Company”) (NASDAQ: CMBM), a international supplier of networking answers, introduced these days that on October 10, 2025, it gained a personnel choice letter (“Staff Determination Letter”) from the List {Qualifications} Area (the “Staff”) of the Nasdaq Accumulation Marketplace LLC (“Nasdaq”) notifying the Corporate that the Corporate’s Familiar Stocks are actually matter to delisting from The Nasdaq International Marketplace.
As in the past disclosed, the Corporate gained a deficiency letter from the Workforce on April 10, 2025 notifying the Corporate that, for 30 consecutive industry days, the bid value for the Corporate’s Familiar Stocks closed beneath the $1.00 in keeping with percentage minimal bid value requirement for endured inclusion on The Nasdaq International Marketplace pursuant to Nasdaq List Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). Because the Corporate didn’t regain compliance with the Minimal Bid Worth Requirement through October 7, 2025, the 180-calendar age grace length prepared forth through List Rule 5810(c)(3)(A), the Corporate’s securities are actually matter to delisting from The Nasdaq International Marketplace. The Workforce Resolution Letter has disagree fast impact and won’t instantly outcome within the abeyance of buying and selling or delisting of the Corporate’s securities.
Moreover, as in the past disclosed, the Corporate gained deficiency letters from the Workforce on April 16, 2025, Might 22, 2025 and August 25, 2025 that the Corporate used to be now not in compliance with Nasdaq List Rule 5250(c)(1) (the “Filing Rule”), for the reason that Corporate had now not but filed its Annual File on Mode 10-Okay for the age ended December 31, 2024 and its Quarterly Stories on Methods 10-Q for the sessions ended March 31, 2025, and June 30, 2025, respectively (jointly, the “Delinquent Filings”), with the U.S. Securities and Trade Fee (the “SEC”). The Workforce had granted an extension of future till October 13, 2025 for the Corporate to regain compliance with the Submitting Rule. On September 9, 2025, the Corporate notified the Workforce that it will now not be capable to regain compliance with the Submitting Rule through October 13, 2025. Pursuant to List Rule 5810(c)(2), those Antisocial Filings lend as a detached and spare bases for delisting.
Accordingly, and as described within the Workforce Resolution Letter, the Corporate intends to well timed request a listening to earlier than the Nasdaq Hearings Panel (the “Hearings Panel”) with reference to the Minimal Bid Worth Requirement and the Antisocial Filings, pursuant to the procedures as prepared forth within the Nasdaq List Rule 5800 Line. A request for a listening to relating to a number of antisocial filings will robotically keep the abeyance of the Corporate’s securities for a length of 15 calendar days from the past of the listening to request. When the Corporate requests a listening to, it might also request a keep of the abeyance, pending the listening to.
A Hearings Panel will overview the request for a longer keep and notify the Corporate of its conclusion disagree then than 15 days following the closing date to request the listening to. There may also be disagree guarantee that the Hearings Panel will serve any of the Corporate’s demands of spare future. Within the not going tournament that Nasdaq isn’t in a position to rule at the keep of a abeyance previous to the expiration of the automated keep, it’s been Nasdaq’s observe to speed disagree motion till a Hearings Panel is in a position to produce a ruling at the prolonged keep request. As soon as the Hearings Panel makes a ruling at the prolonged keep, the Corporate intends to produce a next announcement.
About Cambium Networks
Cambium Networks allows carrier suppliers, enterprises, business organizations, and governments to bring remarkable virtual studies, and tool connectivity, with compelling economics. Our ONE Community platform simplifies control of Cambium Networks’ stressed and wi-fi broadband and community edge applied sciences. Our consumers can focal point extra assets on managing their industry in lieu than the community. We produce connectivity that simply works.
Ahead-Taking a look Statements
This press let go accommodates forward-looking statements, together with, however now not restricted to, phrases corresponding to “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,” and permutations of such phrases and matching expressions are supposed to spot such forward-looking statements. Those forward-looking statements are primarily based upon the Corporate’s tide suppositions, ideals, and expectancies. Ahead-looking statements are matter to the incidence of many occasions out of doors of the Corporate’s keep watch over. Untouched effects and the timing of occasions would possibly range materially from the ones pondered through such forward-looking statements because of various elements that contain considerable recognized and unknown dangers and uncertainties. Those dangers and uncertainties come with, amongst alternative issues, the Corporate’s skill to go back to and preserve compliance with Nasdaq endured list requirements and whether or not Nasdaq will serve the Corporate any vacay from delisting. Ahead-looking statements must be thought to be in bright of those dangers and uncertainties. Traders and others are cautioned to not playground undue reliance on forward-looking statements. All forward-looking statements contained herein discuss best as of the past hereof. The Corporate assumes disagree legal responsibility and does now not intend to replace those forward-looking statements, excluding as required through regulation.
Contacts:
Investor Members of the family
Cambium Networks
[email protected]
SOURCE Cambium Networks
