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AIRN to AIRO
Posted by Avi Telyas on Sep 18, 2009 in WiMAX
Airspan (formerly AIRN) has previously announced a voluntarily de-list from NASDAQ.
Therefore, I was a bit surprised to read about the 1-15 reverse stock split and the new ticker : AIRO.
Change of ticker, change of luck.
With this new funding, we believe that Airspan will be well positioned to weather the current economic downturn and to benefit from some of the current initiatives in our industry. After a long process wherein we looked at many strategic alternatives, we believe the new funding from Oak Partners represents the best path forward for Airspan and our stakeholders.
Good luck!