DelistingMay 1, 2026, 05:41 PM
Cambium Networks Delisted from Nasdaq; Faces Going Concern Doubt
AI Summary
Cambium Networks Corp was delisted from The Nasdaq Global Market on March 27, 2026, due to persistent non-compliance with Nasdaq's filing rules and the annual meeting rule, despite multiple extensions. Its shares subsequently began trading on the OTC Expert Market under the symbol "CMBMF" on March 30, 2026, and the company has appealed the delist determination. The company also faces substantial doubt about its ability to continue as a going concern, stemming from material weaknesses in internal controls and non-compliance with financial covenants.
Key Highlights
- Cambium Networks was delisted from Nasdaq on March 27, 2026.
- Trading in its ordinary shares began on the OTC Expert Market under "CMBMF" on March 30, 2026.
- Received multiple Nasdaq deficiency letters in 2025 for failure to timely file its 2024 Form 10-K and 2025 Quarterly Reports on Form 10-Q.
- Received a Nasdaq deficiency letter in January 2026 for not holding an annual meeting of shareholders.
- The company has appealed the delisting determination.
- There is substantial doubt about the company's ability to continue as a going concern.
- Cambium Networks has material weaknesses in internal controls over financial reporting.
- The company is non-compliant with financial covenants under its secured credit facilities.
Price Impact
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