CMBM Overview

Nasdaq Compliance Update: Cambium Networks received a Partial Compliance Letter from the Nasdaq Hearings Panel, confirming compliance with the Minimum Bid Price Rule but remaining non-compliant with the Periodic Filing Rule, with monitoring until December 2026.

Interim CFO Appointment: Mitchell Cohen has been appointed as the Interim Chief Financial Officer, succeeding John Waldron, who will continue as a senior financial advisor.

Cohen's Experience: Mitchell Cohen brings extensive experience in public company finance, private equity, and high-growth startups, having served as interim CFO for several companies since 2022.

Forward-Looking Statements: The press release includes forward-looking statements regarding the company's compliance with Nasdaq standards, emphasizing the risks and uncertainties involved.

Nasdaq Compliance Update: Cambium Networks has received a partial compliance letter from the Nasdaq Hearings Panel, confirming compliance with the Minimum Bid Price Rule but remaining non-compliant with the Periodic Filing Rule. The panel will monitor the company until April 8, 2026.

Potential Delisting Risk: Cambium Networks faces a risk of delisting if it fails to maintain compliance with the minimum bid price requirement during the monitoring period, which lasts until December 12, 2026.

Leadership Change: Mitchell Cohen has been appointed as the interim chief financial officer and principal financial officer of Cambium Networks, effective immediately, while John Waldron steps down to become a senior financial advisor.

Stock Performance: Following the news, Cambium Networks' shares rose over 5% in pre-market trading after a previous close of $1.55, which was a decline of 4.32% on Wednesday.