Cambium Networks receives deficiency notice from Nasdaq
Cambium Networks (NASDAQ: CMBM) has received a second deficiency notice from Nasdaq on April 16, 2025, due to failing to file its Form 10-K for the year ended December 31, 2024.
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Rhea-AI Summary
Cambium Networks (NASDAQ: CMBM) has received a second deficiency notice from Nasdaq on April 16, 2025, due to failing to file its Form 10-K for the year ended December 31, 2024. This follows an initial deficiency notice from April 10, 2024, regarding non-compliance with the $1.00 per share minimum bid price requirement.
The company has been given 60 calendar days to either file the Form 10-K or submit a compliance plan to Nasdaq. If Nasdaq accepts the plan, Cambium could receive up to 180 calendar days (until October 13, 2025) to regain compliance. If Nasdaq rejects the plan, Cambium can appeal to a Nasdaq Hearings Panel.
Positive
- None.
Negative
- Received second Nasdaq deficiency notice for failing to file 2024 Form 10-K
- Non-compliance with $1.00 minimum bid price requirement
- Risk of potential Nasdaq delisting if compliance is not achieved
Details
News Market Reaction – CMBM
The recorded move for CMBM in the trading session of this news was +2.42%.
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In the second delinquency notice Nasdaq provided the Company with 60 calendar days from the date of the second deficiency notice to file the Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of Form 10-K, or until October 13, 2025, to regain compliance. If Nasdaq does not accept our plan, we would have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
The Company intends to resolve the deficiency and regain compliance with the listing requirement.
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.
Contacts:
Investor Relations
Cambium Networks
investors@Cambiumnetworks.com
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SOURCE Cambium Networks
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