Airspan Networks Holdings Inc. announced that on December 20, 2023, Eric D. Stonestrom notified the company by email of his resignation from the board of directors of the Company, effective on December 27, 2023. In the Stonestrom Resignation, Mr. Stonestrom stated that the reason for his resignation was his belief that a path to greater shareholder value across all of the classes of stakeholders would have been to agree a pre arranged percentage split of proceeds among the significant classes and then conduct a formal auction with a hard deadline and finite timeline. On December 22, 2023, Bandel L. Carano notified the Company by email of his resignation from the Board of the Company, effective immediately.

In the Carano Resignation, Mr. Carano stated that the reason for his resignation was due to extreme asymmetry of critical information disclosure to directors especially as it pertains to Fortress controlled strategic liquidation activities.