New Beginnings Acquisition Corp.
NBA-WT
New York Stock Exchange1.06
USD
- -
- -
CIK
0001823882
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
64.38
5Y
- -
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael S. Liebowitz
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 800 1st Street Miami FL United States of America
- IPO Date
- Oct 30, 2020
- CIK
- 0001823882
- Similar Companies
- Business
- New Beginnings Acquisition Corp. (NBA-WT) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it initially focuses on targets in the travel, hospitality, leisure, financial technology (fintech), insurance technology (insurtech), and property technology (proptech) sectors, primarily in the United States. Founded in 2020 and headquartered at 800 1st Street, Unit 1, Miami Beach, Florida, the company completed its initial public offering in October 2020, raising $100 million through units trading on the NYSE American, each consisting of one share of common stock and one-half of a warrant, with the warrants trading separately under the ticker NBA-WT. Its core securities include redeemable common stock, public warrants exercisable for one share of common stock at $11.50 per share, and rights; post-IPO, it held cash in trust for deployment in a target acquisition, with geographic operations centered in the U.S. but open to global opportunities. In a major strategic transaction, New Beginnings Acquisition Corp. announced a definitive business combination agreement with Airspan Networks Holdings Inc., a 5G small cell and massive MIMO radio maker, in March 2021, valued at approximately $822 million enterprise value, supported by a $75 million common stock PIPE from investors including SoftBank Group Capital Limited, Dish Network Corporation, Oak Investment Partners, and others; shareholders approved the merger on August 11, 2021, it closed on August 16, 2021, with New Beginnings acquiring Airspan via a reverse merger, renaming the combined entity Airspan Networks Holdings Inc. (ticker: MIMO) listed on NYSE American, providing roughly $166 million in net proceeds assuming no redemptions for growth in 5G network infrastructure, Open RAN, private networks, and fixed wireless access solutions. Following the de-SPAC merger, NBA-WT warrants transitioned to trade under MIMO warrant tickers (e.g., MIMO WS, WSA, WSB, MIMOW), with several series facing delisting from NYSE American in 2023 due to low trading prices and expiration notices, including suspension of MIMO WSC in January 2023, MIMO WS in May 2023, and MIMOW expiration on August 13, 2023; as of late 2025, legacy NBA-WT warrants continue limited over-the-counter trading activity around $1.06. The company maintains no ongoing operations independent of its SPAC structure and sponsor, New Beginnings Sponsor LLC, led by Chairman Russell W. Galbut and CEO Michael S. Liebowitz.