Cambium Networks Corp
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
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Item 5. Market information
Our ordinary shares have been listed on the NASDAQ Global Market under the symbol “CMBM” since June 26, 2019.
Holders of record
As of December 31, 2023, there were 135 shareholders of record of our ordinary shares. Because many of our shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders. The closing price of our ordinary shares on December 29, 2023 was $6.00 per share as reported on the NASDAQ Global Market.
Recent sale of unregistered securities
None.
Use of proceeds from Initial Public Offering of ordinary shares
Not applicable.
Dividend policy
We have not declared or paid dividends on our ordinary shares since our IPO. Neither Cayman Islands law nor our Amended and Restated Memorandum and Articles of Association requires our board of directors to declare dividends on our ordinary shares. Any future determination to declare cash dividends on our ordinary shares will be made at the discretion of our board of directors and will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors that our board of directors may deem relevant. We do not anticipate paying cash dividends on our ordinary shares for the foreseeable future.
Equity compensation plan information
Information regarding the securities authorized for issuance under our equity compensation plans will be included in our Proxy Statement relating to our 2024 annual meeting of Shareholders to be filed with the SEC within 120 days after the end of our fiscal year ended December 31, 2023 and is incorporated herein by reference.
Issuer purchase of equity securities
None.
Performance graph
Notwithstanding any statement to the contrary in any of our filings with the SEC, the following information shall not be deemed “filed” with the SEC or “soliciting material” under the Securities Exchange Act of 1934 and shall not be incorporated by reference into any such filings irrespective of any general incorporation language contained in such filing.
The following graph compares the total cumulative shareholder return on our ordinary shares with the total cumulative return of the Russell 3000 Index and the NASDAQ Composite Index during the period commencing on June 26, 2019, the initial trading day of our ordinary shares, and ending on December 31, 2023. The graph assumes that $100 was invested at the beginning of the period in our ordinary shares and in each of the comparative indices, and the reinvestment of any dividends. Historical share price performance should not be relied upon as an indication of future share price performance.
| 6/26/2019 | 6/28/2019 | 9/30/2019 | 12/31/2019 | 3/31/2020 | 6/30/2020 | 9/30/2020 | 12/30/2020 | 3/31/2021 | 6/30/2021 | 9/30/2021 | 12/31/2021 | 3/31/2022 | 6/30/2022 | 9/30/2022 | 12/30/2022 | 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cambium Networks Corporation | 100.00 | 98.87 | 100.00 | 90.10 | 52.06 | 75.88 | 173.92 | 258.56 | 481.65 | 498.45 | 373.09 | 264.23 | 243.71 | 151.03 | 174.43 | 223.40 | 182.68 | 156.91 | 75.57 | 61.86 |
| Russell 3000 (TR) | 100.00 | 101.26 | 102.44 | 111.75 | 89.74 | 107.87 | 117.80 | 135.10 | 143.67 | 155.51 | 155.35 | 169.77 | 160.80 | 133.95 | 127.97 | 137.16 | 147.01 | 159.34 | 154.15 | 172.76 |
| NASDAQ Composite (TR) | 100.00 | 101.23 | 101.41 | 114.05 | 99.07 | 128.50 | 142.94 | 165.28 | 170.16 | 186.63 | 186.20 | 201.94 | 183.87 | 142.91 | 137.32 | 136.23 | 159.46 | 180.27 | 173.17 | 197.05 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.