Cover |
May 12, 2023 |
|---|---|
| Document Type | 8-K/A |
| Amendment Flag | true |
| Amendment Description | As previously reported, on March 8, 2023, Airspan Networks Holdings Inc., a Delaware corporation (the “Company”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Airspan Networks Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Company (“Seller”), Mimosa Networks, Inc., a Delaware corporation and a direct wholly-owned subsidiary of Seller (“Mimosa”), and Radisys Corporation, an Oregon corporation (“Buyer”), pursuant to which Seller will sell all of the issued and outstanding shares of common stock of Mimosa to Buyer for an aggregate purchase price of approximately $60 million in cash (subject to customary adjustments as set forth in the Purchase Agreement) on the terms and subject to the conditions set forth in the Purchase Agreement (the “Transaction”). On May 12, 2023, the Company filed a Current Report on Form 8-K (the “Current Report”) to disclose unaudited pro forma consolidated condensed financial information for the Company, giving effect to the Transaction, as if it was consummated on January 1, 2022. The Company is filing this amendment to the Current Report to provide revised unaudited pro forma consolidated condensed financial information to clarify that the unaudited pro forma financial information is presented as if the Transaction was consummated on January 1, 2022 and to revise certain adjustments presented in the unaudited pro forma consolidated condensed financial information to assume that the Transaction was consummated on January 1, 2022. This unaudited pro forma consolidated condensed financial information is not necessarily indicative of the expected results of operations for any future period. Actual future results are likely to be different from the amounts presented in this unaudited pro forma consolidated condensed financial information and such differences could be significant. |
| Document Period End Date | May 12, 2023 |
| Entity File Number | 001-39679 |
| Entity Registrant Name | Airspan Networks Holdings Inc. |
| Entity Central Index Key | 0001823882 |
| Entity Tax Identification Number | 85-2642786 |
| Entity Incorporation, State or Country Code | DE |
| Entity Address, Address Line One | 777 Yamato Road |
| Entity Address, Address Line Two | Suite 310 |
| Entity Address, City or Town | Boca Raton |
| Entity Address, State or Province | FL |
| Entity Address, Postal Zip Code | 33431 |
| City Area Code | 561 |
| Local Phone Number | 893-8670 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | true |
| Elected Not To Use the Extended Transition Period | false |
| Common stock, par value $0.0001 per share | |
| Title of 12(b) Security | Common stock, par value $0.0001 per share |
| Trading Symbol | MIMO |
| Security Exchange Name | NYSEAMER |
| Warrants, exercisable for shares of common stock at an exercise price of $12.50 per share | |
| Title of 12(b) Security | Warrants, exercisable for shares of common stock at an exercise price of $12.50 per share |
| Trading Symbol | MIMO WSA |
| Security Exchange Name | NYSEAMER |
| Warrants, exercisable for shares of common stock at an exercise price of $15.00 per share | |
| Title of 12(b) Security | Warrants, exercisable for shares of common stock at an exercise price of $15.00 per share |
| Trading Symbol | MIMO WSB |
| Security Exchange Name | NYSEAMER |