Cambium Meets Nasdaq Bid Price Rule, Names Mitchell Cohen Interim CFO as John Waldron Steps Aside

Cambium Networks Corporation ("Cambium Networks", "Cambium" or the "Company") (NASDAQ:CMBM), a leading global provider of networking solutions, announced today that on December 12, 2025, the Company received a partial compliance letter ("Partial Compliance Letter") from the Nasdaq Hearings Panel (the "Hearings Panel") confirming that the Company is in compliance with the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Rule"), although it remains non-compliant with the Nasdaq Listing Rule 5250(c)(1) (the "Periodic Filing Rule"). The Hearings Panel also confirmed that it will maintain jurisdiction over the Company until April 8, 2026.

 

However, per Nasdaq Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory panel monitor through December 12, 2026. If, within that one-year monitoring period, the Nasdaq staff (the "Staff") finds the Company again out of compliance with the Minimum Bid Price Rule, the Staff will issue a delist determination letter, at that time, leaving the Company with an opportunity to request a new hearing to address the delisting.

Appointment of Interim Chief Financial Officer

In addition, Cambium Networks announced today that it has appointed Mitchell Cohen, as Interim Chief Financial Officer and principal financial officer, effective immediately. As a result of the appointment of Mr. Cohen, John Waldron will immediately step down as acting chief financial officer and principal financial officer. Mr. Waldron will remain with the Company, serving as a senior financial advisor.

Mr. Cohen has extensive public company, private equity, and high-growth/startup financial organization leadership experience spanning various industries, with experience driving transformational financial performance, delivering increases in shareholder value, and leading complex corporate transactions, including acquisitions and divestitures, debt financing, restructuring, and liquidity management. He is adept at stepping into challenging environments to stabilize operations, restore confidence, and accelerate performance improvements. He has provided chief financial officer and consultant services to companies since 2018 and acted as interim chief financial officer to a variety of companies since 2022, serving in such capacity for Cerence, Redbox Entertainment, Blue Apron and Cytodyn. He holds a Bachelor of Arts, Accounting & Economics from Queens College.