Cambium Networks Corp [CMBMF] - Bankruptcy Filing
On September 14, 2026, Cambium Networks, Ltd, a wholly-owned subsidiary, appointed administrators from RSM UK Restructuring Advisory LLP in the High Court of Justice in the UK, with plans to sell assets and wind up remaining entities, following a global workforce reduction of 260 employees, or 53.6% of total staff.
Why this matters
Cambium Networks Corp, operating in the radio and TV broadcasting and communications equipment industry, has filed for Chapter 11 bankruptcy through its wholly-owned subsidiary, Cambium Networks, Ltd. This move comes after a significant reduction in its global workforce by 53.6%, affecting 260 employees, and the termination of its Senior Vice President of Products, Vibhu Vivek. The company has appointed administrators from RSM UK Restructuring Advisory LLP to oversee the sale of its assets and the winding up of its remaining entities. This restructuring effort is part of a broader plan to address financial challenges, although specific liabilities and creditor recovery details have not been disclosed in the available filings.