Welcome to our dedicated page for NBAU news (Ticker: NBAU), a resource for investors and traders seeking the latest updates and insights on NBAU stock.
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Airspan Networks has announced a definitive business combination agreement with New Beginnings Acquisition Corp. (NBA), a SPAC, valued at approximately $822 million. Upon completion, expected in the third quarter of 2021, NBA will be renamed Airspan Networks Holdings Inc. and listed on the NYSE American under the ticker MIMO. The merger aims to capitalize on the growing demand for 5G technology, with Airspan's infrastructure positioned to take market share from legacy providers. The deal includes $166 million in net proceeds to support Airspan's growth plans.
