Softbank Group Corp. - Aug 13, 2021 Form 3 Insider Report for Airspan Networks Holdings Inc. (MIMO)

Role
10%+ Owner
Signature
/s/ Natsuko Ohga, Head of Corporate Legal Department of SOFTBANK GROUP CORP
Stock symbol
MIMO
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
3
Date filed
8/23/2021, 05:13 PM
Previous filing
Jul 23, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MIMO Common Stock 13.8M Aug 13, 2021 By SoftBank Group Capital Ltd F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 12,783,886 shares of common stock received in exchange for preferred shares and warrants of Airspan Networks Inc., a Delaware corporation ("Airspan"), pursuant to the Agreement and Plan of Merger, dated as of March 8, 2021, as amended (the "Merger Agreement"), by and among New Beginnings Acquisition Corp., a Delaware corporation ("New Beginnings"), Artemis Merger Sub Corp. ("Merger Sub") and Airspan (and upon consummation of the business combination, the surviving Issuer as renamed "Airspan Networks Holdings, Inc.").
F2 Also includes 1,000,000 shares of common stock acquired from the Issuer for an aggregate purchase price of $10,000,000 pursuant to the Subscription Agreement, dated as of March 8, 2021, between the Issuer and SoftBank Group Capital Ltd ("SBGC"), as an investor in the private investment in public equity investment in the Issuer occurring substantially concurrently with the closing of the business combination.
F3 The shares are directly held by SBGC. SBGC is a wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"). SoftBank may be deemed to have voting and dispositive power with respect to the shares held by SBGC. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.