New Beginnings Acquisition Corp. (NBA) to Combine with Airspan Networks in $822M Deal

New Beginnings Acquisition Corp. (NBA) to Combine with Airspan Networks in $822M Deal

New Beginnings (NYSE:NBA) has entered into a definitive agreement to combine with Airspan (OTCMKTS:AIRO) at an enterprise value of $822 million, or 4.7x its 2020E revenue. Boca Raton, Florida-based Airspan provides hardware and software to broadcast 4G and 5G access to telecom clients. The combined company is expected to trade under the symbol “MIMO” on
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