Filing Details

 

 

 

 

(1) This amount includes 13,125 Shares underlying options awarded to the Reporting Person that are currently exercisable or become exercisable within 60 days and excludes 16,875 Shares underlying options awarded to the Reporting Person that cannot be exercised within 60 days.

 

Item 1.

SECURITY AND ISSUER

Item 1 of the Schedule 13D is hereby amended and supplemented as follows:

This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) is being filed by the undersigned, pursuant to §240.13d-2(a), to amend and supplement the Schedule 13D filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 8, 2019 (the “Initial Schedule 13D”), with respect to the ordinary shares, par value $0.0001 per share (the “Shares”), of Cambium Networks Corporation, a Cayman Islands corporation (the “Company”). The address of the principal executive offices of the Company is 3800 Golf Road, Suite 360, Rolling Meadows, Illinois 60008.

Item 4.

PURPOSE OF TRANSACTION

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

Vector Cambium Holdings (Cayman), L.P. (“VCH”) sold 2,500,000 Shares at a price of $26.60 per Share, net of underwriting fees, in an underwritten registered offering that closed on December 8, 2020.

On December 23, 2020, VCH gifted 195,000 shares to various charitable and philanthropic donees.

Also on December 23, 2020, VCH transferred 105,000 Shares to its general partner, Vector Capital Partners IV, L.P., for no consideration.

The Reporting Persons acquired the securities reported herein for investment purposes. In their capacity as significant stockholders of the Company, the Reporting Persons intend to take an active role in working with the Company’s management and board of directors on operational, financial and strategic initiatives. In addition, pursuant the Shareholder Agreement described in Item 6 of the Initial Schedule 13D, the Reporting Persons have rights to name persons to the Company’s board of directors and one of the Reporting Persons, Mr. Slusky, serves on the Company’s board of directors.

Except as described in the Initial Schedule 13D, as supplemented by this Amendment No. 1, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D. The Reporting Persons intend to review their investment in the Company on a continuing basis and have in the past and may in the future engage in discussions with management, the board of directors, other stockholders and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Company. Depending on various factors including, without limitation, the results of any such discussions, the Company’s financial position and business strategy, price levels of the Shares, conditions in the securities market and general economic and industry conditions, and subject to the agreements described in the Initial Schedule 13D, the Reporting Persons may in the future take such actions with respect to their investment in the Company as they deem appropriate including, without limitation: purchasing additional shares or selling some or all of their Shares; engaging in any hedging or similar transactions with respect to the Shares; nominating representatives to the board of directors; taking positions or making proposals with respect to, or taking other actions to effect changes in the board composition, ownership structure, management, the charter documents, strategy, future plans and operations of the Company; encouraging the Company to pursue one or more strategic transactions, including transactions in which the Reporting Persons may participate; and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D.

Item 5.

INTEREST IN THE SECURITIES OF THE ISSUER

Item 5 of the Schedule 13D is hereby amended and supplemented as follows:

(a), (b) The beneficial ownership percentages reported herein are based on 25,782,779 Shares outstanding as of November 30, 2020, as reported in the Company’s prospectus supplement dated December 3, 2020.

The aggregate number of Shares and percentages of Shares beneficially owned by each Reporting Person named in Item 2(a), as well as the number of Shares as to which such Reporting Person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition and shared power to dispose or direct the disposition, is set forth in the following table:

(c) Except as set forth in the response to Item 4 of this Amendment No. 1, no transactions in the Shares were effected by the Reporting Persons during the past sixty days.

(d) This Item 5(d) is not applicable.

 

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: February 17, 2021

	VECTOR CAMBIUM HOLDINGS (CAYMAN), L.P.
	By:	VECTOR CAPITAL PARTNERS IV, L.P., its general partner
	By:	VECTOR CAPITAL, LTD., its general partner
	By:	/s/ David Baylor
		Name: David Baylor
		Title: Director