New Beginnings Acquisition Corp.: management transactions · United States · SEC (Form 4)

About New Beginnings Acquisition Corp.

New Beginnings Acquisition Corp. is a U.S.-listed special purpose acquisition company (SPAC) that traded on NYSE American, within the NYSE ecosystem, under the ticker NBA prior to its business combination with Airspan Networks. The company was formed in 2020 as a Delaware corporation for a very specific purpose: to raise capital and then complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, or similar business combination with a private operating business. As with most SPACs, the investment case was driven less by a long operating history than by sponsor quality, deal execution, and the attractiveness of the target selected. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1823882/000182912621003918/newbeginningsacq_10ka.htm?utm_source=openai)) At launch, New Beginnings stated that it intended to initially focus on companies in travel, hospitality, leisure, financial technology, insurance technology, and property technology, while retaining the flexibility to pursue targets in other sectors and geographies. That positioning was consistent with a typical SPAC strategy: move quickly into segments where digital transformation, industry fragmentation, or consolidation opportunities could support value creation. The company was led by Chairman Russell W. Galbut and CEO Michael S. Liebowitz, whose backgrounds in hospitality real estate and insurance services may have influenced the sourcing and evaluation of potential targets. ([nasdaq.com](https://www.nasdaq.com/press-release/new-beginnings-acquisition-corp.-announces-the-separate-trading-of-its-common-stock?utm_source=openai)) The key recent milestone in the company’s history was its business combination with Airspan Networks, a provider of hardware and software solutions for 5G networks and Open RAN architectures. SEC filings show that the transaction was announced and then completed in 2021, after which the combined company began trading under the ticker MIMO on NYSE American. For investors, that means New Beginnings Acquisition Corp. is no longer functioning as a standalone acquisition vehicle seeking a target; it served as the public-market gateway for Airspan’s listing in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1823882/000182912621006811/newbeginnings_ex99-1.htm?utm_source=openai)) From an equity analysis perspective, New Beginnings Acquisition Corp. is therefore best understood as a historical SPAC shell and de-SPAC transaction rather than an operating company with a durable product line or independently competitive franchise. Its relevance to the U.S. market lies in how it illustrates the SPAC model as a route to public markets, particularly for technology-oriented businesses seeking scale and access to capital. For French-speaking investors, the most relevant lens is the quality and trajectory of the acquired business, the resulting capital structure, and the post-merger company’s ability to execute on its commercial roadmap. ([nasdaq.com](https://www.nasdaq.com/press-release/airspan-networks-inc.-and-new-beginnings-acquisition-corp.-complete-business?utm_source=openai))