Cambium Networks receives additional Nasdaq Staff Determination Letter

Rhea-AI Summary

Cambium Networks (NASDAQ: CMBM) received an additional Nasdaq Staff Determination Letter on November 25, 2025 notifying the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to a delinquent Q3 2025 Form 10-Q and prior delinquent filings.

The company previously received deficiency letters on April 16, 2025, May 22, 2025 and August 25, 2025, and had an extension to regain compliance until October 13, 2025. Cambium presented a plan of compliance to the Nasdaq Hearings Panel on November 11, 2025 and requested a continued stay while it seeks to file the delinquent reports; the stay request remains under review.

The Hearings Panel will consider the Q3 2025 delinquent filing when deciding the company's continued listing on The Nasdaq Global Market.

Positive

• Presented a compliance plan to Nasdaq Hearings Panel on Nov 11, 2025
• Extended stay request currently under review by Hearings Panel

Negative

• Received Nasdaq Staff determination of noncompliance on Nov 25, 2025
• Delinquent filings include 2024 Form 10-K and three 2025 Forms 10-Q
• Previously missed Nasdaq compliance deadline of Oct 13, 2025
• Possible delisting from The Nasdaq Global Market if compliance not achieved

Insights

Corporate governance and listing compliance expert

Nasdaq has expanded delisting grounds due to repeated late SEC filings; outcome hinges on the Hearings Panel.

Repeated non‑filings under Listing Rule 5250(c)(1) place Cambium Networks directly in regulatory jeopardy because the Staff cited the Q3 2025 delinquent filing received on November 25, 2025 as an additional basis for delisting. The firm previously received deficiency letters on April 16, 2025, May 22, 2025, and August 25, 2025, and the Staff had granted an extension through October 13, 2025, showing the regulator has repeatedly warned the company.

The company presented a plan and requested an extended stay before the Hearings Panel on November 11, 2025; the panel's discretion determines whether the stay is granted. Key dependencies include timely submission of the outstanding Form 10‑K and Forms 10‑Q and the Hearings Panel's ruling; if filings are not accepted or the stay denied, delisting is likely. Watch for the panel decision and any subsequent filings within days to weeks for a resolution.

Investor-impact and market access expert

Delisting risk materially raises uncertainty about market access and governance transparency for holders of CMBM ordinary shares.

Failure to maintain compliance with the Filing Rule signals governance or control issues related to timely financial disclosure, which increases operational uncertainty for stakeholders. The pending Hearings Panel review controls the near‑term path; the company stated the extended stay request remained under review as of December 1, 2025, so the next public inflection will be the panel ruling or the filing of the outstanding reports.

From a practical perspective, monitor three near‑term items: acceptance of the delayed Q3 2025 filing, the Hearings Panel decision on the stay, and any Nasdaq follow‑up notice; expect movement within a short timeframe once the panel rules, likely days to a few weeks.

HOFFMAN ESTATES, Ill., Dec. 1, 2025 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks" or the "Company") (NASDAQ: CMBM), a leading global provider of networking solutions, announced today that on November 25, 2025, the Company received an additional staff determination letter ("Staff Determination Letter") from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company it was not in compliance with Nasdaq's continued listing standards as set forth in Listing Rule 5250(c)(1) (the "Filing Rule"), given the Company's inability to timely file its Quarterly Report on Form 10-K for the period ended September 30, 2025 ("Q3 2025 Delinquent Filing" and together with the prior delinquent filings referenced below, the "Delinquent Filings"), and that this matter serves as an additional basis for delisting the Company's Ordinary Shares from The Nasdaq Global Market.

As previously disclosed, the Company received deficiency letters from the Staff on April 16, 2025, May 22, 2025 and August 25, 2025 that the Company was not in compliance with the Filing Rule, since the Company had not yet filed its Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Reports on Forms 10-Q for the periods ended March 31, 2025, and June 30, 2025 with the U.S. Securities and Exchange Commission. The Staff had granted an extension of time until October 13, 2025 for the Company to regain compliance with the Filing Rule.

On November 11, 2025, the Company presented its plan of compliance before the Nasdaq Hearings Panel (the "Hearings Panel") and requested a continued stay of its delisting pending achieving full compliance by filing the Delinquent Filings within the time requested under the plan of compliance. There can be no assurance that the Hearings Panel will grant any of the Company's requests for additional time to gain compliance. As of the date of this press release, the Company's extended stay request remained under review by the Hearings Panel. Once the Hearings Panel makes a ruling on the extended stay, the Company intends to make a subsequent announcement. As the Company is already before the Hearings Panel, the Hearings Panel will consider the Q3 2025 Delinquent Filing in their decision regarding the Company's continued listing on The Nasdaq Global Market.

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks' wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "seeks," "assumes," "may," "should," "could," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based upon the Company's current assumptions, beliefs, and expectations. Forward-looking statements are subject to the occurrence of many events outside of the Company's control. Actual results and the timing of events may differ materially from those contemplated by such forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. These risks and uncertainties include, among other things, the Company's ability to return to and maintain compliance with Nasdaq continued listing standards and whether Nasdaq will grant the Company any relief from delisting. Forward-looking statements should be considered in light of these risks and uncertainties. Investors and others are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements contained herein speak only as of the date hereof. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

Contacts: 
Investor Relations
Cambium Networks
investors@cambiumnetworks.com

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SOURCE Cambium Networks

FAQ

Why did Cambium Networks (CMBM) receive a Nasdaq Staff Determination Letter on November 25, 2025?

Nasdaq notified Cambium it was not in compliance with Listing Rule 5250(c)(1) due to a delinquent Q3 2025 Form 10-Q and prior delinquent filings.

What filings are delinquent for Cambium Networks (CMBM)?

Delinquent filings include the 2024 Form 10-K and Quarterly Reports on Form 10-Q for Q1, Q2 and Q3 2025.

What is the current status of Cambium Networks' request to remain listed on Nasdaq (CMBM)?

Cambium presented a plan on Nov 11, 2025 and its request for a continued stay is currently under review by the Nasdaq Hearings Panel.

Could Cambium Networks (CMBM) be delisted from Nasdaq and when will that be decided?

Yes; the Nasdaq Hearings Panel will consider the delinquent Q3 2025 filing when deciding the company's continued listing.

Did Nasdaq previously give Cambium Networks (CMBM) time to regain compliance?

Yes; the Staff granted an extension until October 13, 2025 to regain compliance.

Will Cambium Networks (CMBM) announce the Hearings Panel outcome publicly?

The company intends to make a subsequent announcement after the Hearings Panel issues a ruling.