Recent Updates — CMBM

Cambium Networks Corporation sold its defense business and certain fixed broadband product lines to Airspan Communications Limited for a base price of US$27.5 million, plus up to US$7.5 million in contingent receivables. The transaction was completed on September 22, 2026, with proceeds applied to repay amounts outstanding under the Company's secured credit facility held by Bank of America. Consequently, no value from the sale is expected for shareholders, who are cautioned to expect a complete loss of investment. Following this disposition, the Company anticipates winding down remaining operations and ultimately dissolving Cambium Networks Corporation in accordance with Cayman Islands laws. The company operates in the wireless networking industry.

Cambium Networks Corporation filed a notice of appointment of administrators for its indirect, wholly-owned subsidiary Cambium Networks Ltd (CNL) in the UK High Court on September 14, 2026. Administrators from RSM UK Restructuring Advisory LLP were appointed to attempt asset sales or business line divestitures, with plans to wind up remaining CNL group entities. Concurrently, the Company reduced its global workforce by 260 employees (53.6% of total staff) effective September 11, 2026, without offering severance payments. Vibhu Vivek, Senior Vice President of Products, was terminated as his role was eliminated. The Company cannot currently estimate restructuring costs. Cambium Networks Corporation designs and manufactures wireless broadband networking equipment for enterprise and service provider markets.

Cambium Networks Corporation received a decision from the Nasdaq Listing and Hearing Review Council affirming the delisting of its ordinary shares from The Nasdaq Stock Market. This action follows prior non-compliance with Nasdaq Listing Rule 5250(c)(1) and trading suspension since March 27, 2026. Shares will continue to trade on the OTC Markets Group’s Expert Market. Cambium Networks Corporation develops wireless broadband networking equipment for enterprise and service provider applications.