New Beginnings Acquisition Corp.
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NBA MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF NEW BEGINNINGS ACQUISITION CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – NBA
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of New Beginnings Acquisition Corp. (NYSE: NBA) and Airspan Networks Inc. is fair to New Beginnings shareholders. Assuming no redemptions by New Beginnings’ existing public stockholders, Airspan’s existing stockholders will hold approximately 75% of the fully diluted shares of common stock in the combined company, Airspan Networks Holdings Inc., immediately following the closing of the business combination.
The investigation concerns whether New Beginnings and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for New Beginnings shareholders; and (2) disclose all material information necessary for New Beginnings shareholders to adequately assess and value the merger consideration. On behalf of New Beginnings shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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