New Beginnings Acquisition Corp.: directors' dealings · United States · SEC (Form 4)

About New Beginnings Acquisition Corp.

New Beginnings Acquisition Corp. (NYSE American: NBA) was formed in the United States as a special purpose acquisition company, or SPAC, designed to complete a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was incorporated in Delaware on August 20, 2020, and went public on the NYSE American in October 2020. Its principal executive offices were historically located in Miami, Florida, United States. In its offering materials, management stated that it intended to focus initially on companies in travel, hospitality, leisure, financial technology, insurance technology, and property technology, while retaining the flexibility to pursue opportunities in other industries as well. As a SPAC, NBA did not begin life as a traditional operating company with a mature product portfolio, recurring revenue base, or standalone commercial platform. Its core business model was to act as a listed acquisition vehicle: providing capital, public-market access, and sponsor-led execution capability to a private target business. That structure placed NBA in a competitive universe defined less by end markets and more by deal sourcing, valuation discipline, and the ability to close a high-quality transaction within the SPAC framework. The key development in the company’s history was the March 8, 2021 business combination agreement with Airspan Networks Inc. Airspan was described in SEC filings as a provider of advanced hardware and software for 5G network solutions. Subsequent SEC documentation showed the transaction progressing, with the legacy SPAC effectively serving as the public-company wrapper for the post-combination business. For investors, that is an important distinction: NBA should be viewed not as a conventional sector operator, but as a corporate vehicle that transitioned toward a telecommunications / 5G exposure through the merger process. From a geographic perspective, the company is clearly U.S.-based, Delaware-incorporated, and listed on a U.S. exchange, specifically NYSE American. Its operating footprint at the SPAC stage was primarily domestic and centered around its Miami management base, rather than a broad international operating network. The most material recent corporate news is therefore not product launch activity, but the execution and documentation of its business combination process with Airspan. In practical terms, NBA’s equity story has been driven by capital markets structure, transaction execution, and the strategic implications of the merger rather than by organic operating metrics typical of an established industrial or technology company.