NBA New Beginnings Acquisition Corp.

New Beginnings Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on August 20, 2020 and is headquartered in Miami, FL.

On 3/8/2021 the company announced a pending merger with Airspan Networks, a leading pioneer of 5G network solutions. Assuming no redemptions, the SPAC shareholders will own 17% of the company. The $75 million PIPE at $10.00 per share will own 8%. Valuation is 3x estimated 2021 revenue of $254 million.  

$10.05  0.00 (0.00%)
As of 06/21/2021 16:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Common stocks
Category3:  Micro cap
GICS sector:  Financials
Industry:  Shell Companies
Index country:  USA
Country of incorporation:  
IPO date:  11/19/2020
Outstanding shares:  14,920,000
Average volume:  41,260
Market cap:   $149,946,000
Current dividend yield:  0.00%
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Valuation   (See tab for details)
PE ratio:   0.00
PB ratio:   1.44
PS ratio:   0.00
Return on equity:   0.00%
Net income %:   0.00%

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