Cambium Networks receives Nasdaq Staff Determination Letter, will seek hearing

Cambium Networks (CMBM) announced that on October 10, it received a staff determination letter from the Listing Qualifications Department of the Nasdaq Stock Market notifying the company that the company’s Ordinary Shares are now subject to delisting from The Nasdaq Global Market. Accordingly, and as described in the Staff Determination Letter, the company intends to timely request a hearing before the Nasdaq Hearings Panel with regard to the Minimum Bid Price Requirement and the Delinquent Filings, pursuant to the procedures as set forth in the Nasdaq Listing Rule 5800 Series.