Cambium Networks Corporation, a leading provider of networking solutions based in Hoffman Estates, Illinois, announced significant developments on December 18, 2025. The company received a Partial Compliance Letter from the Nasdaq Hearings Panel, confirming compliance with the Nasdaq Listing Rule 5450(a)(1), known as the Minimum Bid Price Rule. While this indicates progress, Cambium remains non-compliant with the Nasdaq Listing Rule 5250(c)(1), the Periodic Filing Rule.
The Nasdaq Hearings Panel will maintain oversight of Cambium Networks until April 8, 2026. Furthermore, under the provisions of Nasdaq Listing Rule 5815(d)(4)(B), the company will undergo a mandatory panel monitor until December 12, 2026. If Cambium fails to comply with the Minimum Bid Price Rule during this monitoring period, Nasdaq staff may issue a delisting determination letter, granting the company an opportunity to request a new hearing.
In addition to the compliance updates, Cambium Networks appointed Mitchell Cohen as the new Interim Chief Financial Officer and principal financial officer, effective immediately. This change follows the departure of John Waldron, who served as acting CFO and will now transition to a role as a senior financial advisor.
Mr. Cohen brings extensive experience in public company governance, private equity, and high-growth financial leadership across multiple sectors. His background includes driving transformational financial performance and managing complex corporate transactions, such as acquisitions, divestitures, and restructuring efforts. Since 2018, he has provided CFO and consulting services to various companies, including interim roles at Cerence, Redbox Entertainment, Blue Apron, and Cytodyn. He holds a Bachelor of Arts in Accounting and Economics from Queens College.
Cambium Networks is dedicated to enabling service providers, enterprises, and governments to deliver exceptional digital experiences. Their ONE Network platform simplifies the management of wired and wireless broadband and network edge technologies, allowing customers to focus on their core business operations.
This announcement also includes forward-looking statements regarding Cambium’s ability to maintain compliance with Nasdaq’s continued listing standards. The company emphasizes that these statements are based on current assumptions and are subject to various risks and uncertainties, including the possibility of not meeting compliance requirements in the future.
Investors are advised to consider these factors carefully and not to place undue reliance on forward-looking statements, which reflect the company’s expectations only as of the date of this release. Cambium Networks assumes no obligation to update these statements unless required by law.
