PLANO, Texas--(BUSINESS WIRE)-- #5G--Airspan Networks Holdings LLC ("Airspan†), a leading global provider of wireless network solutions, today announced the launch of its MobileAccess Digital DAS platform across Europe and the United Kingdom, advancing the company's international growth strategy. Widely deployed in the US, the MobileAccess portfolio is approved by major mobile network operators (MNOs) and used by leading third-party operators (3POs) and Fortune 1000 enterprises across healthcare, tra. ...

Core Insights - Airspan Networks Holdings LLC reported strong financial results for Q4 and full year 2025, with significant growth in revenue, profitability, and backlog as it enters 2026 with strong momentum [1][5]. Financial Performance - Q4 revenue reached $45 million, while full year revenue exceeded $115 million, indicating a growth of over 20% year over year [5]. - The company achieved full year operating profitability, with earnings accelerating each quarter [5]. - Airspan entered 2026 with a robust backlog of $70 million and anticipates revenue growth of 25% to 30% in 2026 based on the backlog and current revenue run-rate [5]. Business Segments - Airspan operates across three main business areas: In-Building Networks, Open RAN Networks, and Air-to-Ground (ATG) [2][3]. - The company has made significant progress in targeting mobile network operators, private networks, and critical communications, including public safety and defense technology [2]. Strategic Acquisitions and Partnerships - In 2025, Airspan completed two major acquisitions: Corning's Wireless business and Jabil's radio portfolio, enhancing its capabilities and market access [6]. - The integration of Corning's business included its Digital DAS portfolio and in-building RAN solutions, leading to over 20% growth in bookings year over year in the in-building segment [6]. - Airspan secured a $42.7 million NTIA Grant to accelerate 5G Open RAN technology development in the US and won a strategic Open RAN radio deal with Rakuten Mobile for deployment starting in 2026 [6]. Product Launches and Innovations - The company successfully launched the world's first 5G air-to-ground network in collaboration with Gogo [6]. - A partnership with Space Compass in Japan was announced to deploy a 5G air-to-ground system for high-altitude platforms (HAPs) aimed at maritime surveillance [6].

Core Insights - The deployment of Ericsson's AIR 3255 Massive MIMO antenna-integrated radios in NTT DOCOMO's 5G network began in December 2025 to address high traffic demands in congested areas [1][2]. Group 1: Technology and Performance - The AIR 3255 radios operate in the 4.5 GHz band and are designed to enhance network quality and customer experience amid increasing traffic demand [3]. - The new radios provide a 25% reduction in energy use and a 20% decrease in embodied CO2 footprint compared to previous generations, contributing to environmental sustainability [3][6]. - The AIR 3255 unit is 20% lighter than its predecessor at just 13 kg, facilitating easier deployment in high-traffic locations [4]. Group 2: Network Efficiency - The integration of AIR 3255 with existing 3.7 GHz band Massive MIMO radios will improve spectrum efficiency and enhance network flexibility and reliability as data traffic grows [5][6]. - Advanced features such as multi-user MIMO will ensure consistent throughput regardless of network congestion, further improving customer connectivity experiences [4]. Group 3: Partnership and Future Plans - NTT DOCOMO aims to strengthen its partnership with Ericsson to leverage the latest network capabilities and enhance user experience [3]. - Ericsson expresses pride in its collaboration with DOCOMO, emphasizing the provision of advanced, secure, and efficient Massive MIMO technology [3].

Core Insights - Airspan Networks Holdings LLC has opened a new corporate headquarters in Plano, Texas, which is a strategic investment aimed at long-term growth [1] - The new facility will employ up to 150 people across various functions and will serve as a center for global collaboration and solution development [2] - The company is focusing on three solution pillars: in-building wireless networks, Open RAN solutions, and air-to-ground connectivity, with plans to showcase innovations at MWC Barcelona in 2026 [3] Company Overview - Airspan Networks is a US-based provider of wireless network solutions, specializing in carrier-grade 5G and advanced wireless connectivity [4] - The company's product portfolio includes solutions for in-building, outdoor, and air-to-ground applications, catering to mobile network operators, enterprises, and public-sector organizations [4] - Airspan aims to enhance coverage and capacity while enabling fast and efficient deployment of wireless networks [4]

Core Insights - VIAVI Solutions Inc. has expanded its VALOR Lab with a new RF-shielded anechoic chamber and two additional customer labs to enhance its Automated Lab-as-a-Service for Open RAN testing [1][4] Group 1: Facility Expansion - The expansion includes the industry's first test-as-a-service offering for Massive MIMO and beamforming over-the-air (OTA) validation, allowing system-level performance testing for up to 16 parallel spatial layers [2] - The project is funded by the U.S. National Telecommunications and Information Administration (NTIA) Public Wireless Supply Chain Innovation Fund [1] Group 2: Testing Capabilities - Customers can access over 500 test cases compliant with O-RAN WG4, WG5, WG11, TIFG, and 3GPP specifications [3] - The RF chamber is provided by ETS-Lindgren, a leader in wireless OTA performance testing [4][5] Group 3: Industry Impact - The expansion addresses the growing demand for Open RAN testing, providing a comprehensive, on-demand test suite throughout the product lifecycle [4] - VALOR serves as a hub for the AI-RAN Alliance, fostering innovation in AI-powered telecommunications [6] Group 4: Certification and Collaboration - VALOR is the first test service authorized by the Telecom Infra Project (TIP) for its system performance certification program [7] - The lab collaborates with AT&T and Verizon to accelerate Open RAN testing, with a full suite of O-RAN tests available to referred customers [6]

Bankruptcy and Financial Restructuring - The company filed for Chapter 11 bankruptcy on March 31, 2024, and the Bankruptcy Court confirmed its Prepackaged Plan on June 28, 2024[23]. - The company secured a debtor-in-possession financing facility totaling $53.8 million, which includes $16.5 million in new money loans and $37.3 million rolled up from prepetition bridge facilities[24]. - On the effective date of the Restructuring Transactions, the company plans to raise up to $95 million in new equity capital, with $90 million allocated for senior secured claims and $5 million for subordinated claims[25]. - The company will issue 94.375% of new common equity to Senior Secured Creditors and 5.625% to Subordinated Term Loan Lenders on the Plan Effective Date[25]. - The company has expressed concerns about its ability to secure additional liquidity and may need to raise more capital to execute its business plan[18]. - The company acknowledges the potential for volatility in financial results due to its Chapter 11 status, which may not reflect historical trends[12]. - The company entered into a Senior Secured Superpriority Debtor-in-Possession Term Loan Credit Agreement with DIP Lenders for an original principal amount of $53,848,837, plus a new money delayed draw term loan facility of up to $16,500,000[31]. - The DIP Credit Agreement includes a Roll Up of $37,348,837 of outstanding indebtedness, converting it into debtor-in-possession term loans on a cashless dollar-for-dollar basis[32]. - The DIP Facility bears interest at either the Base Rate plus 10.00% per annum or the Adjusted Term SOFR plus 11.00% per annum, with interest payable in-kind[33]. - The company has a stated maturity date for the DIP Credit Agreement of October 8, 2024, with obligations becoming due upon certain events, including the consummation of a plan of reorganization[36]. - The company confirmed a Prepackaged Plan with all creditors entitled to vote accepting the plan, which includes a new revolving line of credit of $20.0 million from Gogo Inc.[38]. Market Position and Competition - The company is dependent on a few key customers for a significant percentage of its sales, which poses a risk to revenue stability[13]. - The company faces risks related to competition from larger, better-capitalized firms, which could negatively impact its market position[13]. - The company competes in the mobile RAN equipment and services market against major players like Ericsson, Huawei, and Nokia[51]. - The company focuses on software-centric small cell solutions to address capacity restrictions in 4G networks, particularly for customers like Sprint and Reliance[52]. Product and Technology Development - The company is a technical leader in the 4G and 5G Radio Access Network market, offering a range of software-defined radios and broadband access products[40]. - The company aims to disrupt network total cost of ownership models, focusing on lowering costs throughout the product lifecycle[40]. - The wireless communications industry is evolving towards 5G networks, which are expected to require substantial investment and will enable new applications such as autonomous vehicles and telemedicine[43]. - The company offers a complete range of 4G and 5G network build products, including outdoor and indoor base stations, to help operators monetize 4G and 5G technologies[44]. - The company has developed a significant patent portfolio with 210 patents granted and 53 pending as of December 31, 2023[66]. - The company offers a range of broadband access technologies, including DSL, fiber, cable, and satellite, with a competitive edge in rural and developing markets[53]. - The company provides a variety of implementation and support services to facilitate system deployment, including spectrum planning and optimization[63]. Workforce and Operational Structure - The company employs 428 full-time equivalent employees as of December 31, 2023, primarily located in the UK, India, Israel, and the US[72]. - The company relies on third-party subcontractors for manufacturing, with most 4G and 5G products produced in Vietnam and Malaysia[70]. - The company has a non-exclusive contract structure with customers, allowing for flexibility in agreements and potential termination without significant penalties[61]. - The company emphasizes diversity and inclusion in its workforce, aiming to attract and retain diverse teams[74]. Financial Performance and Trends - The company anticipates continued substantial losses and does not expect to achieve profitability in the near term[12]. - The company generally experiences lower sales in the first quarter compared to the final quarter of the preceding year, indicating seasonality in its sales[47]. - The company's top three customers accounted for 68% and 61% of revenue in 2023 and 2022, respectively[62]. - The company is subject to various regulatory risks, including compliance with telecommunications regulations and data protection laws[19].

Core Insights - VIAVI Solutions has selected ETS-Lindgren to provide an RF-shielded anechoic chamber for Massive MIMO over-the-air (OTA) performance testing of Open Radio Units (O-RUs) at the VALOR Automated Lab-as-a-Service [4] - The VALOR initiative, supported by a $21.7 million grant, aims to enhance testing and certification for Open RAN, providing a pathway for new entrants and startups [5] - The OTA testing facility will enable system-level Massive MIMO performance testing for up to 16 parallel spatial layers, addressing the needs of radio manufacturers [8] Company and Industry Developments - ETS-Lindgren is recognized as a leader in wireless OTA performance testing and has developed significant intellectual property in this area [1] - The OTA testing method represents a significant advancement over traditional lab testing, allowing for a more realistic emulation of real-world scenarios [2] - Dr. Sameh Yamany, CTO of VIAVI, emphasized the importance of OTA testing in accelerating O-RU commercialization and innovation, highlighting the collaborative nature of the VALOR initiative [3] - The lab will include a comprehensive test suite for O-RU conformance, performance, security, and interoperability, supported by a set of compliant O-RUs, O-DUs, and O-CUs from various partners [8] - Andy Warner, President of ETS-Lindgren, expressed pride in supporting the OTA testing facility, noting the rapid evolution in base station technology and testing [9]

Financial Performance - Total revenues for Q3 2023 were $14.259 million, a decrease of 65.3% compared to $41.094 million in Q3 2022[16] - Gross profit for Q3 2023 was $5.231 million, down from $16.336 million in the same quarter last year, reflecting a gross margin of approximately 36.7%[16] - The company reported a net income of $9.888 million for Q3 2023, compared to a net loss of $23.314 million in Q3 2022[16] - For the nine months ended September 30, 2023, Airspan Networks reported a net loss of $44.6 million, compared to a net loss of $74.1 million for the same period in 2022, indicating a 39.8% improvement in losses year-over-year[19] - Net income for the three months ended September 30, 2023, was $9.888 million, compared to a net loss of $23.314 million for the same period in 2022[113] - Basic net income per share for Q3 2023 was $0.13, a significant improvement from a loss of $0.32 per share in Q3 2022[113] - The company’s diluted net income per share for Q3 2023 was $0.12, compared to a loss of $0.32 per share in Q3 2022[113] Expenses and Costs - Research and development expenses for the nine months ended September 30, 2023, totaled $36.901 million, a decrease from $48.244 million in the same period of 2022[16] - The company experienced a significant increase in interest expense, which rose to $9.944 million in Q3 2023 from $4.296 million in Q3 2022[16] - The company incurred $6.2 million in cash paid for interest during the nine months ended September 30, 2023, compared to $4.4 million in the same period of 2022[20] - The Company implemented a restructuring program in Q2 2023, incurring total restructuring costs of $944,000 for the three months ended September 30, 2023[50] - Total share-based compensation for the three months ended September 30, 2023 was $2.1 million, compared to $5.9 million for the same period in 2022[107] Assets and Liabilities - Total current assets decreased to $47.792 million as of September 30, 2023, from $89.697 million at the end of 2022, primarily due to a reduction in accounts receivable and inventory[15] - Total liabilities decreased to $176.745 million as of September 30, 2023, from $205.894 million at the end of 2022, indicating improved financial management[15] - Airspan's current assets were $47.8 million, while current liabilities stood at $172.3 million as of September 30, 2023, indicating a significant liquidity challenge[33] - The Company had accrued expenses totaling $29,406,000 as of September 30, 2023, down from $32,243,000 as of December 31, 2022[54] Business Operations - The company achieved a gain of $28.631 million from the sale of its Mimosa business, contributing positively to the net income for the quarter[16] - The company generated a cash inflow of $55.2 million from the sale of Mimosa Networks, contributing to a net cash provided by investing activities of $54.1 million for the nine months ended September 30, 2023[19] - The company plans to focus on increasing sales in additional geographic markets as part of its strategy to improve operating and financial results[34] - The Company is focusing on developing 5G product offerings and improving days sales outstanding to enhance liquidity[39] Debt and Financing - The company is seeking waivers for current covenant breaches but may not be able to comply with prospective financial covenants in the next twelve months without additional financing[36] - The Company has classified its senior term loan, convertible debt, subordinated term loan, and subordinated debt as current as of September 30, 2023, due to potential defaults[37] - The Fortress Credit Agreement's total loan commitment is $34,000,000, with an additional term loan commitment of $10,000,000 funded on December 30, 2020[69] - The company borrowed $20,000,000 from the Fortress Credit Agreement facility in the second quarter of 2023, and as of September 30, 2023, there was no remaining borrowing capacity[66] - The interest rates under the Fortress Credit Agreement were increased to 5.5% plus SOFR, with a maximum of 8.5% for paid-in-kind interest[67] - The Company was not in compliance with the minimum last twelve-month EBITDA and revenue covenants under the Fortress Credit Agreement as of December 31, 2022, and March 31, 2023, leading to events of default[72] - The Company did not make principal and interest payments due under the Fortress Credit Agreement on October 31, 2023, resulting in another event of default[75] - The Company is pursuing alternative sources of capital to meet its prospective minimum liquidity obligations under the Fortress Credit Agreement[76] - The Company may face bankruptcy or liquidation if lenders declare all borrowed funds due due to covenant breaches[77] Related Party Transactions - The company reported no revenue from sales to a related party for Q3 2023, but generated approximately $41 thousand for the nine months ended September 30, 2023[116] - Revenue from sales to a separate related party was approximately $7.0 million for Q3 2023, compared to $9.6 million for Q3 2022[118] - Accounts receivable from a related party amounted to $2.1 million as of September 30, 2023, down from $4.5 million as of December 31, 2022[118] - The company had outstanding payables to a related party totaling $1.6 million as of September 30, 2023[117] Stock and Equity - The weighted average shares outstanding for basic earnings per share increased to 74,605,474 in Q3 2023 from 72,572,138 in Q3 2022[16] - Airspan issued 55,901 restricted shares during the third quarter of 2023, contributing to share-based compensation expenses of $2.1 million for the period[19] - The Company recorded a $1.7 million reduction in convertible debt and an increase in additional paid-in capital due to the issuance of 5,912,040 Fortress Warrants[105] - As of September 30, 2023, there were 12,045,000 Common Stock Warrants outstanding, including 11,500,000 Public Warrants and 545,000 Private Placement Warrants[100] - The Company had stock options outstanding of 7,335,035 as of September 30, 2023, compared to 7,931,652 in the same period of 2022[114]

Financial Performance - Total revenues for Q2 2023 were $32.123 million, a decrease of 31.6% compared to $46.945 million in Q2 2022[15] - Gross profit for Q2 2023 was $6.733 million, down 64.3% from $18.828 million in Q2 2022[15] - Net loss for Q2 2023 was $33.607 million, compared to a net loss of $21.017 million in Q2 2022, representing a 59.9% increase in losses[15] - For the six months ended June 30, 2023, the company reported a net loss of $54.5 million, compared to a net loss of $50.8 million for the same period in 2022, reflecting an increase in losses of approximately 3.7%[19] - The company reported a net loss of $33.6 million for the three months ended, compared to a net loss of $21.0 million for the same period in 2022, representing a 60.5% increase in losses year-over-year[113] - The net loss per share for the three months ended June 30, 2023, was $(0.45), compared to $(0.29) for the same period in 2022, reflecting a 55.2% increase in losses per share[113] Expenses - Research and development expenses for Q2 2023 were $13.416 million, a decrease of 19.8% from $16.720 million in Q2 2022[15] - Operating expenses for Q2 2023 totaled $27.495 million, down 26.0% from $37.103 million in Q2 2022[15] - The company incurred a share-based compensation expense of $3.9 million for the six months ended June 30, 2023, compared to $13.5 million for the same period in 2022, indicating a decrease of approximately 71.1%[19] - The company recorded a $1.7 million reduction in convertible debt and an increase in additional paid-in capital due to the issuance of 5,912,040 warrants under the Fortress Credit Agreement[103] Assets and Liabilities - Total current assets decreased to $75.030 million as of June 30, 2023, from $89.697 million as of December 31, 2022, a decline of 16.5%[14] - Total liabilities increased to $238.174 million as of June 30, 2023, compared to $205.894 million as of December 31, 2022, an increase of 15.6%[14] - The company reported a total accumulated deficit of $905.7 million as of June 30, 2023, compared to $872.1 million as of March 31, 2023, reflecting an increase of approximately 3.8%[19] - As of June 30, 2023, the company had $75.0 million in current assets and $78.0 million in current liabilities, resulting in a current ratio of approximately 0.96[33] Cash Flow - The company had total cash, cash equivalents, and restricted cash of $10.1 million as of June 30, 2023, down from $36.4 million at the end of June 2022, indicating a decrease of approximately 72.2% year-over-year[20] - Cash used in operating activities for the six months ended June 30, 2023, was $12.2 million, an improvement from $22.5 million used in the same period in 2022, representing a reduction of approximately 45.5%[19] - The company experienced a net cash increase of $2.9 million in cash, cash equivalents, and restricted cash during the six months ended June 30, 2023, compared to a decrease of $26.8 million in the same period in 2022[19] Business Operations - The company is heavily investing in 5G research and development and expects to continue using cash from operations throughout the remainder of 2023 and into the first half of 2024[33] - The company sold its Mimosa business for approximately $60.0 million as part of its strategy to improve financial results[34] - The company is focusing on expanding sales in additional geographic markets and developing 5G product offerings to enhance market reach[34] - The company implemented a restructuring program in Q2 2023, incurring total restructuring costs of $3.0 million for the three months ended June 30, 2023[46] Inventory and Receivables - The company reported a significant reduction in accounts receivable, which fell to $22.790 million from $46.565 million, a decrease of 51.1%[14] - An inventory impairment charge of $7.2 million was recorded in the three months ended June 30, 2023, due to product initiatives being eliminated or reduced[46] Debt and Financing - The company had subordinated debt outstanding of $9,000,000 and accrued interest of $2,400,000 as of June 30, 2023, compared to $2,100,000 as of December 31, 2022[59] - The subordinated term loan outstanding was $30,000,000 with accrued interest of $13,400,000 as of June 30, 2023, up from $11,500,000 as of December 31, 2022[62] - The Fortress Credit Agreement includes a total loan commitment of $34,000,000, with a maturity date of December 30, 2024[65] - The interest rates under the Fortress Credit Agreement were increased to 5.5% plus SOFR, with a maximum of 8.5% for paid-in-kind interest[64] - The company recorded a loss on debt extinguishment of $5,100,000 related to the senior term loan as part of the May 2023 Credit Agreement Amendment[64] Compliance and Covenants - As of June 30, 2023, the Company was in compliance with all applicable covenants under the Fortress Credit Agreement after previous breaches were waived[71] - The Company was not in compliance with the minimum last twelve-month EBITDA and revenue covenants as of March 31, 2023, leading to events of default[68] - The minimum liquidity requirement under the Fortress Credit Agreement was decreased to $2.0 million, increasing to $4.0 million after the closing date[69] Stock and Warrants - The weighted average shares outstanding for basic and diluted earnings per share was 74,582,992 for Q2 2023, compared to 72,335,952 for Q2 2022[15] - The company had 7,766,234 Common Stock options outstanding as of June 30, 2023, with a weighted average exercise price of $3.70[107] - The company reported a total of 27,057,040 warrants outstanding as of June 30, 2023, compared to 21,145,000 in 2022, indicating an increase in potential dilution[114] - As of June 30, 2023, there were 12,045,000 Common Stock Warrants outstanding, including 11,500,000 Public Warrants and 545,000 Private Placement Warrants[96] Related Party Transactions - The company derived approximately $41,000 in revenue from a related party for the six months ended June 30, 2023, compared to $0 for the three months ended[116] - The company had an outstanding accounts receivable from a related party amounting to $11.7 million as of June 30, 2023, up from $4.5 million as of December 31, 2022[118]

Financial Performance - Total revenues for Q1 2023 were $24.773 million, a decrease of 34.1% compared to $37.564 million in Q1 2022[17] - Gross profit for Q1 2023 was $10.347 million, down from $12.069 million in Q1 2022, reflecting a gross margin decline[17] - The net loss for Q1 2023 was $20.889 million, compared to a net loss of $29.738 million in Q1 2022, indicating an improvement in loss[17] - The company reported a net loss of $20.9 million for the three months ended March 31, 2023, compared to a net loss of $29.7 million for the same period in 2022, representing a 29.5% improvement[21] - Cash flows from operating activities showed a net cash outflow of $2.4 million for Q1 2023, significantly improved from a cash outflow of $14.9 million in Q1 2022[21] - Loss per share for Q1 2023 was $0.28, compared to $0.41 in Q1 2022, indicating a reduction in loss per share[101] Assets and Liabilities - Total current assets decreased to $74.370 million as of March 31, 2023, from $89.697 million as of December 31, 2022[16] - Total liabilities increased to $225.433 million as of March 31, 2023, compared to $205.894 million as of December 31, 2022[16] - The company had cash and cash equivalents of $3.282 million as of March 31, 2023, down from $7.253 million as of December 31, 2022[16] - The company had $3.3 million in cash, cash equivalents, and restricted cash at the end of Q1 2023, down from $46.1 million at the end of Q1 2022[22] - As of March 31, 2023, the company's contract assets increased by $511,000 to $9,512,000, while contract liabilities decreased by $664,000 to $2,228,000 compared to December 31, 2022[44] - Deferred revenue as of March 31, 2023, was $2.0 million, down from $2.6 million as of December 31, 2022, with $2.1 million expected to be recognized within one year[44] Expenses - Research and development expenses for Q1 2023 were $14.191 million, a decrease of 14.1% from $16.521 million in Q1 2022[17] - The company reported a total share-based compensation expense of $1.939 million for the three months ended March 31, 2023, a decrease of 70.5% compared to $6.564 million in the same period of 2022[95] - There was $10.0 million of unrecognized compensation expense related to RSUs to be recognized over a weighted average period of 1.98 years as of March 31, 2023[100] Market and Business Strategy - The company is focused on expanding its market share and enhancing product offerings in response to competitive pressures[11] - The company is focusing on increasing sales in additional geographic markets and developing 5G product offerings to expand its market presence[36] - The company plans to sell its Mimosa business for approximately $60 million to improve its financial position[27] - Approximately 83.6% of product sales for Q1 2023 were to non-U.S. customers, compared to 66.9% in Q1 2022[39] Debt and Financing - The company has outstanding convertible debt of $45.492 million as of March 31, 2023, which is not in compliance with all applicable covenants under the Fortress Convertible Note Agreement[70] - The Company was not in compliance with the minimum last twelve-month EBITDA and revenue covenants under the Fortress Credit Agreement as of March 31, 2023, which constitutes an event of default[63] - The Company has met the criteria for recording Mimosa's assets and liabilities as "held for sale" as of March 31, 2023[51] - The Fortress Credit Agreement includes a total loan commitment of $34.0 million and a term loan commitment of $10.0 million, with a maturity date of December 30, 2024[60] Customer and Revenue Relationships - The company has significant reliance on a few customers, with three customers accounting for 78.4% of the net accounts receivable balance as of March 31, 2023[39] - The company derived approximately $0.4 million in revenue from a related party for Q1 2023, up from $0.1 million in Q1 2022[103] - Accounts receivable from a related party amounted to $8.5 million as of March 31, 2023, compared to $4.5 million as of December 31, 2022[105] Stock and Equity - The weighted average shares outstanding for Q1 2023 were 74,473,741, an increase from 72,335,952 in Q1 2022[17] - The company had 3,830,932 non-vested restricted stock units (RSUs) outstanding as of March 31, 2023, down from 4,267,746 RSUs at the end of 2022[100] - The company had outstanding stock options of 7,766,234 as of March 31, 2023, an increase from 6,144,473 in the previous year[102] - The company issued Post-Combination Warrants for 9,000,000 shares of Common Stock, with exercise prices of $12.50, $15.00, and $17.50[92]