The story
The company was founded in January 1998.
In May 1998, Eric D. Stonestrom was named president and chief executive officer of the company.
Its first product, AS4020 platform, was based on CDMA radio technology adapted for fixed wireless access points.
In July 2000, as the dot-com bubble was bursting, the company became a public company and raised $82.5 million in an initial public offering. Its stock price rose 113% in its first day of trading.
In 2004, the company made an agreement with Neda Telecommunications, a subsidiary of Aspen Wind Corporation, to send radios to Kabul, Afghanistan.
In the fourth quarter of 2005, the company released its WiMAX product line.
In September 2006, Oak Investment Partners made a $29 million investment in the company.
In 2010, the company teamed with LightSquared to market LightSquared's 1.4 GHz wireless spectrum in the United States. The spectrum is targeted primarily at the utility industry for Smart Grid deployments.
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In 2009, the company's stock was delisted from the NASDAQ.
In March 2021, the company announced that it would be re-listed on NYSE American through a reverse merger with New Beginnings Acquisition Corporation, a special-purpose acquisition company.
In August 2021, the company completed the reverse merger with New Beginnings Acquisition Corporation. The parent company was hence renamed "Airspan Networks Holdings Inc." and began trading on the NYSE American under the ticker symbol MIMO.
In May 2023, Glenn Laxdal was announced as the new CEO.
In 2023 Airspan sold Mimosa to Indian communication giant JIO for $60 million through JIO wholly owned subsidiary Radisys Corporation.
In March 2024, the company announced that it would become private after receiving up to $95 million in new equity financing. The company's stock was soon delisted from the NYSE, and the company filed for a voluntary prepackaged Chapter 11 bankruptcy filing in order to implement the deal.
From Wikipedia’s article on Airspan Networks, shared under CC BY-SA 4.0.4