Cambium Networks Corp

Cambium Networks Corporation announced the completion of the sale of its remaining business lines and assets by its indirect, wholly-owned subsidiary, Cambium Networks, Ltd. (CNL), to Univastu UK Limited for approximately US$5.1 million. The sale includes product lines such as ePMP, PTP 550, PON, cnRanger, Wi-Fi, switching, and the cnMaestro management platform. Following this divestment, CNL has disposed of substantially all its business lines and operating assets, and Cambium Networks Corporation no longer has any operating subsidiaries. The net proceeds will be used to repay amounts outstanding under the Company's secured credit facility, with no expected distribution to unsecured creditors or shareholders. The Company anticipates CNL will enter liquidation and the Company will subsequently be dissolved.

Cambium Networks Corporation held its Annual General Meeting on June 25, 2026, where shareholders approved all seven proposals. Key approvals included the election of five directors, ratification of BDO USA, P.C. as the independent auditor, and advisory approval of executive compensation. Most notably, shareholders approved a reverse share split and related amendments to the company's Memorandum and Articles of Association.

Cambium Networks Corporation announced its 2026 Annual General Meeting of Shareholders will be held virtually on June 25, 2026. Shareholders will vote on several key proposals, including the election of five directors, the ratification of BDO USA, P.C. as the independent auditor, and advisory votes on executive compensation and its frequency. Most notably, shareholders will consider and vote on the approval of a reverse share split and related amendments to the company's Memorandum and Articles of Association concerning fractional shares and the split ratio.

Cambium Networks reported a net loss of $(3.40) million for the first quarter of 2026, a significant improvement from the $(12.02) million loss in the prior year's quarter, with total revenues increasing to $44.56 million. Despite improved operational results, the company faces substantial doubt about its ability to continue as a going concern due to non-compliance with debt covenants and the lender's right to accelerate repayment of $66.47 million in outstanding debt. The company's shares were also suspended from Nasdaq and began trading on the OTC Experts Market.

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.

Cambium Networks Corp. faces substantial doubt about its ability to continue as a going concern due to non-compliance with debt covenants and cessation of principal and interest payments on its term loan and revolving credit facility. The company's shares were delisted from Nasdaq on March 27, 2026, and now trade on the OTC Experts Market. For the nine months ended September 30, 2025, total revenues decreased to $116.1 million, while net loss improved to $(29.7) million compared to the restated prior year.

Cambium Networks Corp faces substantial doubt about its ability to continue as a going concern due to non-compliance with debt covenants as of June 30, 2025, and ongoing. The company's ordinary shares were suspended from Nasdaq and now trade on the OTC Experts Market. For Q2 2025, CMBM reported a net loss of $(9.125) million on total revenues of $39.393 million, alongside a restatement of its Q2 2024 financial statements.

Cambium Networks Corp (CMBM) faces substantial doubt about its ability to continue as a going concern due to non-compliance with debt covenants and ceasing principal and interest payments on its term loan and interest on its revolving credit facility. For Q1 2025, the company reported a net loss of $(12.0) million on total revenues of $33.7 million. The company also restated its Q1 2024 financial statements due to material errors in GAAP application and is implementing cost reductions.